IL: Former city comptroller pleads guilty to embezzling $53 million

posted by
November 14, 2012
New York Times    
Posted in News

"Hundreds of horses. Multiple houses. A $2.1 million luxury motor home. In hindsight, they all pointed to the unfathomable: Rita A. Crundwell, while comptroller of a small town two hours west of Chicago, had raided public coffers for decades to pay for a lavish life and a horse-breeding business. Ms. Crundwell, 59, pleaded guilty in federal court here on Wednesday to one count of wire fraud, after bilking $53 million from her hometown, Dixon, Ill." (11/14/12)  

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