Elizabeth Gutfahr, treasurer of Santa Cruz County, embezzled $38 million from public funds over a decade, with intentions of buying luxury vehicles and real estate.
The Justice Department highlighted that public officials, like Gutfahr, are expected to be stewards of the government funds, not perpetrators of fraud and theft.
Gutfahr's lawyer stated that she sought to take responsibility for her actions by pleading guilty, indicating a desire for accountability and redemption.
The potential sentence for Gutfahr includes up to 35 years in prison, signifying the seriousness of her financial misconduct and the need for legal consequences.
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