![]() ![]() She also still faces 60 counts of felony theft in Lee County. 14 for her federal wire fraud conviction. Crundwell is scheduled to be sentenced on Feb. Marshals also still plan to sell Crundwell's jewelry this winter, as well as several additional vehicles. They will hold three open houses on the property this month and will accept bids until Jan. Highway 52 in Dixon that sits on about six acres of land. Marshals recently received an unsolicited bid of $350,000 on Crundwell's main residence on U.S. "We said early on what our objectives in this case were, and that was to generate the greatest revenue for the victims of the crime as we possibly could," Wojdylo said. Dixon will recoup money from the sale of Crundwell's assets once the marshals and other lien holders have been paid what they are owed. The marshals have already collected about $8 million from the sale of Crundwell's 400 horses, personal property, a luxury motor home and other vehicles. Marshals are requiring buyers to pay closing costs in addition to more than $21,000 in property taxes. Closings on all three properties are expected in 30 to 45 days. Jason Wojdylo, chief inspector for the Marshals Service, would not release the identities of the separate buyers for the three properties because the sales are not completed. The offers rose to more than $3 million after interested buyers were allowed to submit counteroffers through Dec. That property as well as 81 acres of farmland in Lee County and a single family residence on a 43-acre plot of land on Dutch Road in Dixon initially netted a combined $1.69 million in unsolicited bids this fall. Authorities said she spent the money on a lavish lifestyle and her champion horse-breeding business that operated largely out of the 88-acre ranch on Red Brick Road in Dixon. She pleaded guilty in November to stealing more than $53 million from the small northwestern Illinois town over 22 years. Marshals Service will have raised about $11 million as part of an effort to recoup some of the massive losses suffered at the hands of Rita Crundwell, Dixon's longtime comptroller and treasurer. A documentary airing Thursday on WTTW attempts to find out how she got away. Once the sale of the three properties is completed, the U.S. Former Dixon Comptroller Rita Crundwell was convicted for stealing nearly 54 million from the town over the course of 20 years and spending it on a lavish lifestyle, including multiple homes in Illinois and Florida and a farm to house her award-winning quarter horses. Even then, auditors did not question its appearance.A horse ranch, farmland and house that all once belonged to the convicted former treasurer of Dixon are poised to be sold for more than $3 million, federal officials said Wednesday. But Crundwell's secret account was not included on the reports until 2010. When preparing a list of accounts for the annual audit, he said it is also the bank's responsibility to disclose all accounts. In addition, the bank should have been monitoring the account and investigating charges to a city account for jewelry, spas and trips, Bruce said. "That check made simply payable to 'Treasurer' should never be allowed to be negotiated." "That could be treasurer of the petunia festival in the city of Dixon, that could be the treasure of the Lions Club in the city of Dixon," Bruce said. ![]() The bank also accepted checks from the city's Capital Development Fund account simply made out to "Treasurer," he said. "All parties agree that it was in the best interest of the parties, as well as the citizens of Dixon, to bring this matter to an end," he said.īruce also faulted Fifth Third Bank for violating banking standards by allowing Crundwell to open a city account in 1990 without proper documentation, even if employees knew she worked for the city. Tom Falkenberg, attorney for the firm and its owner, said Thursday that they denied any wrongdoing. ![]()
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