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Wednesday, April 18, 2012

Financial Officer Of Small Illinois City Arrested For Embezzling Over $30 Million

It really boggle the mind that a small town with an annual budget of $9 million could be a victim of a public corruption scheme totaling $30 million. Nobody even pays any attention to the acts of public officials, let alone hold them accountable.
The chief financial officer of a small Illinois city — a woman who had a lavish lifestyle that included a $2.1 million motor home and a horse farm — is under arrest, accused of embezzling $30 million from the city. Rita Crundwell, 58, was arrested Tuesday at City Hall in Dixon, Ill., the Chicago Tribune reported, and later charged with wire fraud. Paid a salary of $80,000 a year, Crundwell spent large sums to operate her 150-horse Meri-J Ranch, as well as $340,000 on jewelry and $2.1 million on a luxury motor home, the FBI alleges in its criminal complaint. … Purchases allegedly made by Crundwell with city funds include a $146,000 Kenworth truck, a $140,000 Freightliner truck, a $57,000 Chevy Silverado pickup and a $259,000 horse trailer.
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Judy Morris,
Blogger, THL
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