|Indictment: Crundwell Defrauded $53M Since 1990; Has 311 Horses|
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DIXON – The top financial officer for the city of Dixon defrauded the city out of $53 million, a grand jury indictment released this afternoon charges.
Rita A. Crundwell, 58, of Dixon, was arrested April 17 at Dixon City Hall on a single charge of federal wire fraud. She has since been released, but today prosecutors filed a grand jury indictment, making more details public for the first time.
Also today, the U.S. District Court released the federal government's application for a post-indictment restraining order on Crundwell's rural Dixon properties.
According to the application, Crundwell owns 311 horses – approximately 204 are located at the two Dixon, IL properties, 47 located in Beloit, WI and the remaining 60 spread around the country at various breeders and trainers.
Click here to view the 6-page post indictment restraining order application
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