Ex-Comptroller Rita Crundwell Pleads Guilty to Stealing $53M from Illinois City

A former comptroller for a small town in Illinois pleaded guilty to embezzling $53 million from city accounts to feed a lavish lifestyle that included a nationally known horse-breeding operation. Rita Crundwell, 59, pleaded guilty Wednesday to wire fraud in federal court for siphoning off taxpayer dollars to her secret bank accounts while comptroller of Dixon, Ill., the boyhood home of former President Ronald Reagan. Crundwell spent most of the stolen cash on extravagant items such as a $2...Full Story
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