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Dixon - The former comptroller of Dixon is now accused of stealing more than 53 million dollars from the city -- 23 million dollars more than previously announced.
Rita Crundwell was indicted Tuesday on one count of wire fraud, according to Patrick Fitzgerald, U.S. Attorney for the Northern District of Illinois.
Since Crundwell was arrested on April 17 and accused of misappropriating more than $30 million since 2006, further investigation resulted in the indictment’s expanded allegation that the fraud exceeded $53 million and spanned more than two decades.
Crundwell owns RC Quarter Horses, LLC, and keeps her horses at her ranch on Red Brick Road in Dixon and at the Meri-J Ranch in Beloit , Wis. , as well as with various trainers across the country.
The indictment seeks criminal forfeiture of two residences and the horse farm in Dixon, a home in Englewood, Fla., a $2.1 million luxury motor home, more than a dozen trucks, trailers and other motorized farm vehicles, a 2005 Ford Thunderbird convertible, a 1967 Chevrolet Corvette roadster, a pontoon boat, approximately $224,898 in cash from two bank accounts, and other assets allegedly purchased with fraud proceeds. Many of these assets were seized when Crundwell was arrested, and the government today requested a restraining order on the real estate that is allegedly subject to criminal forfeiture.
Crundwell’s property at 1679 U.S. Route 52 is valued at $468,192. She acquired the property in 1986 from the estate of her mother, Caroline, who died 2 years earlier.