An ex-Arizona county treasurer is facing allegations of embezzling $39 million over a period of more than a decade, according to a lawsuit filed by Pinal County. The lawsuit, reported by USA TODAY, claims that former treasurer Michael McCord carried out the embezzlement scheme from 2006 to 2017, using various methods to cover up his tracks.
McCord allegedly used forged documents to transfer funds from the county’s investment pool to a separate account controlled by him. The lawsuit also alleges that he used the stolen money to purchase luxury items and pay personal expenses. The scheme was uncovered during an internal audit in 2017, which led to McCord’s resignation and subsequent arrest.
The lawsuit is seeking to recover the stolen funds and hold McCord accountable for his actions. The case has sparked outrage and concern among county officials, who are now working to implement stricter financial controls to prevent similar incidents from occurring in the future.
McCord’s alleged actions have had a significant impact on Pinal County, as the stolen funds could have been used for vital services and programs. The county is now seeking to recoup the losses and ensure that such a breach of trust does not happen again.
The lawsuit serves as a reminder of the importance of transparency and accountability in financial management, especially when dealing with public funds. It also highlights the need for stringent oversight and safeguards to prevent individuals from taking advantage of their positions for personal gain. The case against McCord is ongoing, and the outcome will be closely watched by the community.
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