Former Dixon CFO Pleads Not Guilty to Embezzlement

Rita Crundwell accused of stealing more than $53M in taxpayer money

Monday, May 7, 2012  |  Updated 1:19 PM CDT
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Dixon Ex-CFO Pleads Not Guilty

AP

Rita Crundwell, former comptroller for Dixon, Ill., leaves federal court in Rockford, Ill., Monday, May 7, 2012, after pleading not guilty at her arraignment to charges that accuse her of stealing tens of millions of dollars from the community. Prosecutors contend that Crundwell had been transferring Dixon's money to a secret account since at 1990 and using the money to create one of the nation's leading horse-breeding operations and buy luxury homes, cars and jewelry. (AP Photo/Robert Ray)

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The former Dixon financial officer pleaded not guilty Monday to charges that allege she stole more than $53 million from the Illinois community.

Rita Crundwell will be represented by public defenders.

Prosecutors contend that Crundwell had been transferring Dixon's money to a secret account since 1990 and using the money to create one of the nation's leading horse-breeding operations, as well as buy luxury homes, cars and jewelry.

Crundwell and attorney, Paul Gaziano, refused to comment on the case.

A federal grand jury last month returned an indictment charging Crundwell with wire fraud for allegedly siphoning more than $53 million from Dixon since 1990 into a secret account.

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