A former employee of the city of Yuma's tourism office is accused of siphoning money.
Police said Thursday that an investigation is ongoing despite Fernando Zacarias' release.
Zacarias was a former accountant for the Yuma Visitors Bureau.
Authorities say the theft was reported to them June 7.
Zacarias was arrested two days later.
He allegedly made fraudulent money transfers from the Yuma Visitors Bureau's business account to his personal bank account.
Police are asking that anyone with additional information come forward.