Cottonwood – A woman accused of embezzling from the Old Town Association in 2018 was taken into custody in Oakland County, Michigan this week, according to the Cottonwood Police Department. Traci Ann Koelzer was extradited back to the Yavapai County Detention Facility.
Koelzer was arrested with the help of a concerned citizen who provided information on her whereabouts. With the information this person provided, coordination was made with the U.S. Marshals Fugitive Taskforce who were able to make this arrest.
In the latter part of April 2018 Cottonwood detectives took a fraud report involving Old Town Association (OTA). During the investigation detectives learned that Koelzer was the Treasurer for OTA and is the suspect. The financial loss exceeded one hundred thousand dollars. Officials believe that Koelzer became aware of the pending criminal investigation and fled the area.
Koelzer is being held on charges of Fraudulent Schemes and Artifices and Theft which are both Class 2 Felonies. The bond amount on these charges is $50,000, cash only. She is also being held on a probation violation charge which is unrelated to the above mentioned case.