GENERAL NEWS
US Marshals to Sell Rita Crundwell's Real Property
Rate This Article:
8
Crundwell pleaded guilty to a federal fraud charge in U.S. District Court in Northern Illinois Nov. 14. Photos by Shane T. McCoy/U.S. Marshals
WASHINGTON - The U.S. Marshals Service is offering for sale three of five parcels of real property in the matter of United States of America v. Rita A. Crundwell. The Marshals have received unsolicited offers for three of the properties and are accepting competing offers until noon CST Dec. 21. Public inspections of the three properties will be held from 10 a.m. to 1 p.m. Dec. 7, 8 and 14.

The property addresses and offers received are as follows:

· Parcel A: 1403 Dutch Road, Dixon, Ill. (43 acres, including a single-family residence) - Parcel number 18-08-20-400-005 - $450,000 offer

· Parcel B: 1556 Red Brick Road, Dixon, Ill. (87.82 acres, including two farm buildings) - Parcel number 18-08-13-100-006 - $700,000 offer

· Parcel C: +/- 81 acres of real property commonly known as farm land in Lee County, Ill. - Parcel number 14-09-07-100-014 - $540,000 offer

Detailed information on the properties, procedures and terms and conditions are available by clicking here.

A sales plan on Crundwell's two additional real estate holdings in Dixon and Englewood, Fla., both residential properties, is pending.

(High-res photos available from www.flickr.com/photos/usmarshals, click on "USMS Rita Crundwell Auction" set.)

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. The net proceeds from the forfeited property will be held in escrow pending further proceedings on restitution to the victim of the offense.

For information on the federal case, click here.

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.www.usmarshals.gov

Related Articles
Nearly $8 million Collected by US Marshals from Crundwell Sale
1 comments for this article Reverse Comment Order
Added: November 28, 2012. 02:19 PM CDT
How could she?
I just don't understand how she could steal so much and not care. She lived lavish, she spared no expense...People were laid off because of her...She deserves a life sentence for what she did...
Alert a moderator
Reverse Comment Order
 
Post A Comment
* Indicates required information
Comment Title:
* Comments:
Nickname:
* Validation: