Investigators say for nearly 20 years, she stole roughly 54 Million from the city. It is believed to be the largest theft of public. Crundwell was charged with the largest municipal fraud in United States History in 2012. 14, 2012, to wire fraud, and agreed she also engaged in money laundering, in connection with stealing more than 53 million from the city since 1990 and using the proceeds to finance her quarter horse farming business and life of luxury. "Since the outset of this case, we have used every available means, including both criminal and civil forfeiture proceedings, to ensure the recovery of as much money as possible for the City of Dixon, its residents and taxpayers," said Gary S. Crundwell, 60, formerly of Dixon, pleaded guilty on Nov. The Justice Department said she will owe restitution to the city of Dixon totaling more than $53.7 million, "minus any credit for funds repaid prior to sentencing." To pay for such luxuries as a horse-breeding operation. She embezzled money that belonged to every single resident of Dixon. She handled all the city's finances from 1983 until her arrest back in April.Īuthorities say Crundwell used the money to buy luxury homes and vehicles and spent millions on her horse-breeding operation, RC Quarter Horses LLC, which produced 52 world champions in exhibitions run by the American Quarter Horse Association. Rita Crundwell, the former comptroller of Dixon, didn’t take the money from a giant corporation or engage in tax fraud. - The former Dixon comptroller convicted of stealing nearly 54 million from the northern Illinois city was released early from prison on Wednesday. history Rita Crundwell stole nearly 54 million from the citizens of Dixon. Since 1990, Crundwell allegedly stole more than $53 million from Dixon, where she oversaw public finances as the city comptroller, by diverting it to an account she had set up for personal use, then misleading city officials. What can we learn from one of the largest municipal frauds in U.S.
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