Dahlstrom allegedly stole more than $360,000 when she was treasurer for a homeowners association in Rocky Point, Sonora and forged financial statements to conceal the embezzlement.
Helen Marie Dahlstrom also is accused of gambling away most of the stolen money at Arizona casinos.
The indictment alleges the 67-year-old Dahlstrom embezzled money from the construction companies by writing checks made out to cash between September 2013 and July 2020. State prosecutors say Dahlstrom is facing charges of fraudulent schemes, theft, computer tampering, forgery and money laundering.
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