Dixon to Recoup $40 Million After Crundwell Thefts

Federal officials have raised about $10 million so far selling Crundwell's belongings

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    NEWSLETTERS

    Dixon to recoup $40 million of the $53 million in public money stolen by former comptroller Rita Crundwell. (Published Thursday, Sep 26, 2013)

    The city of Dixon will recoup about $40 million of the $53 million in public money stolen by former comptroller Rita Crundwell.

    Dixon Mayor Jim Burke said Wednesday that the city has settled a lawsuit with auditors and a bank in connection with Crundwell's thefts. Crundwell is serving nearly 20 years in federal prison. Authorities say she stole the money over more than 20 years, spending it on a lavish lifestyle and horse-breeding operation.

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    Former Dixon, Ill., comptroller pleaded guilty to stealing $53 million from taxpayers and pocketing the money for her own use. Kim Vatis reports. (Published Thursday, Feb 14, 2013)

    Burke says the settlement is for $40 million. Federal officials have raised about $10 million so far selling Crundwell's belongings. That means $50 million for the city, minus $10 million in expenses, or about $40 million in restitution.

    The city's attorneys say both sides have agreed to the settlement, which is pending approval by a judge.
     

    Crundwell 'Betrayed Her Whole Community'

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    Residents of west suburban Dixon react to the nearly 20-year sentence handed down to Rita Crundwell Thursday for stealing $53 million from taxpayers. (Published Thursday, Feb 14, 2013)