05-02-2012, 12:55 PM
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Feds: Illinois city official stole $53 million
Seems this isn't the first time these comptrollers have stoled $. One for NY is just below this post.
Quote:
..Feds: Illinois city official stole $53 million
By Jeff Stacklin | The Lookout – 2 hrs 20 mins ago.. 2 May 2012.
Upon further review, the former comptroller of a small Illinois city stole a lot more than initially thought, say federal authorities.
Rita Crundwell, of Dixon, Ill., faces charges that she stole more than $3.2 million in …
They now say that Rita Crundwell, 59, took more than $53 million over the past two decades from the city of Dixon, Ill., and deposited the money into secret accounts. She then used the money to finance her horse breeding business and a lavish lifestyle.
Federal officials initially accused Crundwell of misappropriating about $30 million. That estimate was greatly increased with her indictment on Tuesday. A federal grand jury in Chicago indicted Crundwell on a single count of wire fraud.
The indictment also seeks $53 million and numerous assets that were seized from Crundwell when she was arrested by FBI agents on April 17. Here's a laundry list of what the government wants seized from Crundwell:
•Two residences and the horse farm in Dixon
•A home in Englewood, Fla.
•A $2.1 million luxury motor home
•More than a dozen trucks, trailers and other motorized farm vehicles
•A 2005 Ford Thunderbird convertible
•A 1967 Chevrolet Corvette roadster
•A pontoon boat
•Approximately $224,898 in cash from two bank accounts, and other assets allegedly purchased with fraud proceeds
Many of the assets were seized when Crundwell was arrested, and the government requested a restraining order to protect the property it wants to seize.
The government also filed a civil lawsuit to seize 311 quarter horses owned by Crundwell, a champion horse breeder, because they were acquired with money she stole, according to authorities.
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Feds: Illinois city official stole $53 million | The Lookout - Yahoo! News
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