SUDDEN SCOOP
Nearly $8 million Collected by US Marshals from Crundwell Sale
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A light fixture made of spurs and guns will be one of many items available during the on-line auction. Photo © US Marshalls

Gross recovered to date (12/10/12): $7,933,699

Here’s the breakdown:

$180,759 – Personal assets from Dixon, Ill., via online auction 12/8/12
$94,975 – Personal assets from Englewood, Fla., via online auction 12/7/12
$387,570 – vehicles and boats:
$47,010 – 2009 US Cargo Mate Eliminator 50’ trailer (sold via online auction 12/6/12)
$43,060 – 1967 Chevrolet Corvette Roadster (sold via online auction 12/6/12)
$26,690 – 2012 Chevrolet Silverado (sold via online auction 12/6/12)
$24,130 – 2005 Ford Thunderbird (sold via online auction 12/6/12)
$23,210 – 1998 Cobalt 25LS boat with trailer (sold via online auction 12/6/12)
$6,500 – 2000 Playbouy 20’ fish and run boat (sold via online auction 12/6/12)
$2,520 – 2011 John Deere tractor (sold via online auction 12/6/12)
$31,500 - 2012 Featherlite 40' box trailer (sold via online auction 11/14/12)
$46,000 - 2012 Chevrolet 3500HD Silverado (sold via auction in metro Chicago 10/20/12)
$26,000 - 2009 Hearthland Cyclone 3950 5th Wheel (sold via auction in metro Chicago 10/20/12)
$25,500 - 2002 Lexus SC430 Convertible (sold via auction in metro Chicago 10/20/12)
$24,500 - 2007 Chevrolet K3500 Silverado Pickup (sold via auction in metro Chicago 10/20/12)
$22,500 - 2007 Hummer H2 (sold via auction in metro Chicago 10/20/12)
$19,500 - 2010 GMC Terrain SUV (sold via auction in metro Chicago 10/20/12)
$12,500 - 2005 Chevrolet K1500 Silverado Z71 (sold via auction in metro Chicago 10/20/12)
$3,700 - 2008 EZ-Go Golf Cart (sold via auction in metro Chicago 10/20/12)
$1,900 - 2007 TN Enclosed Trailer (sold via auction in metro Chicago 10/20/12)
$850 - 2002 Moskito RX Scooter (sold via auction in metro Chicago 10/20/12)
$15,000 – Horse insurance mortality claim (from one horse that died) received 12/6/12
$9,000 – Farm lease payment received
$24,950 - Horse lab and breeding equipment (7 lots sold via online auction 11/14/12)
$1,674,700 - Horses via online auction (Sept. 11, 12) - includes $33,500 for horse re-sold from live auction due to buyer default
$3,755,300 - Horses via live auction in Dixon, Ill. (Sept. 23-24)
$892,945 - Tack and equipment during live horse auction
$98,500 - Frozen horse semen during live horse auction
$800,000 - Luxury motor home (via online auction ended Sept. 25)

We have yet to sell Crundwell’s five real estate holdings and her collection of jewelry.
More information on Crundwell’s real estate: www.usmarshals.gov/news/chron/2012/112812.htm

We have no dates for the jewelry sale as yet, but it will be via online auction.

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GRAND TOTAL PROCEEDS (without commission because buyer’s premium was in effect)– $275,734

10,000+ individual bids recorded for 396 lots (with one no-bid)

Final sold prices for all items can be seen at http://online.professionalauction.com/.

Dixon, Ill., results:

282 lots

Highest lot – $4,550 (lot 301) Kurzweil/Young Chang Grand Piano

Lowest lot – $10 (lot 332) Mitsubishi VHS Player

658 total registered bidders

Final proceeds – $180,759

One lot did not sell (lot 201) – Quasar VCR

Results of Florida On-line Auction

Several people have inquired about the results of the online auction of Crundwell's personal belongings in Englewood, Fla. Those lots closed today and here are the results:

114 lots

Highest lot: $10,750 (lot 22) - farmhouse style table and 8 chairs

Lowest lot: $16 (lot 104) - frog garden ornament

557 total registered bidders

Final proceeds - $94,975

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WASHINGTON - The U.S. Marshals Service will sell the furnishings and other personal property from Rita Crundwell's residences in Dixon, Ill., and Englewood, Fla., via online auction Dec. 5-8 at www.professionalauction.com. The Florida items are available now to bid on while the Illinois items will be open for bidding on Thursday, Dec 6th.

"After researching the options, we determined that an online auction is the best method to keep our selling costs low and maximize proceeds to the victims in this case. We are working with Dixon Public Schools to arrange for a computer lab to accommodate those within the local community who may have some anxiety with online auctions," said U.S. Marshal Daryl McPherson of the Northern District of Illinois.

In addition, six vehicles and boats are being offered for sale via an online auction that ends Dec. 6. See the below links for those assets, with pictures, descriptions and terms and conditions.

http://tinyurl.com/crundwell1 and http://tinyurl.com/crundwell2

Crundwell, 59, was one of the leading breeders of quarter horses in the U.S. Formerly the comptroller of Dixon, Crundwell pleaded guilty to a federal fraud charge in U.S. District Court in Northern Illinois Nov. 14. Crundwell agreed that she owes restitution to the city of Dixon totaling $53,740,394. Since she was arrested on April 17, Crundwell has agreed to the liquidation of assets that she had acquired with proceeds from her decades-long fraud scheme. To date, the U.S. Marshals Service has recovered approximately $7.4 million from the online and live auctions of approximately 400 quarter horses, vehicles, trailers, tack and a luxury motor home, with additional auctions of jewelry and real property in Illinois and Florida still pending. The net proceeds from the forfeited property will be held in escrow pending further proceedings on restitution to the victim of the offense.

Pictures of personal belongings from the Florida and Illinois residences:

www.flickr.com/photos/usmarshals/ (click on "Rita Crundwell Florida House" and "Rita Crundwell Illinois House" sets)

Information, pictures, terms and conditions on the auction will be available at

www.professionalauction.com

For information on the federal case, go to

http://www.justice.gov/usao/iln/pr/chicago/2012/pr1114_01.pdf

The U.S. Marshals Service is responsible for managing and selling seized and forfeited properties acquired by federal criminals through illegal activities. Proceeds generated from asset sales are used to compensate victims, supplement funding for law enforcement initiatives and support community programs. As part of the Department of Justice's Asset Forfeiture Program, the Marshals currently manage more than 23,000 assets with a value of $2.4 billion.

1 comments for this article Reverse Comment Order
Added: December 08, 2012. 01:16 PM CDT
Thanks
Thanks to everyone who has bid on and bought from theses Auctions. You have made history and helped the town of Dixon.
From
Professional Auction Services, Inc. and Ramtech SSI
Tim Jennings
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