Crundwell Case
11:26 am
Wed November 28, 2012

Crundwell Home Furnishings and Homes for Sale

The U.S. Marshals Service is selling three of Rita Crundwell's properties.  According to a news release, the Marshals have received  offers for three of the properties and are accepting competing offers until noon Dec. 21. Public inspections of the three properties will be held from 10 a.m. to 1 p.m. Dec. 7, 8 and 14. A sales plan on Crundwell’s two additional real estate holdings in Dixon and Englewood, Fla., both residential properties, is pending.

The property addresses and offers received are as follows:

·         Parcel A: 1403 Dutch Road, Dixon, Ill. (43 acres, including a single-family residence) –
Parcel number 18-08-20-400-005 –  $450,000 offer

·         Parcel B: 1556 Red Brick Road, Dixon, Ill. (87.82 acres, including two farm buildings) –
Parcel number 18-08-13-100-006 –  $700,000 offer

·         Parcel C: +/- 81 acres of real property commonly known as farm land in Lee County, Ill. –
Parcel number 14-09-07-100-014 –  $540,000 offer

Detailed information on the properties, procedures and terms and conditions are available at www.usmarshals.gov/assets/sales/crundwellrealproperties.htm.

The U.S. Marshals Service will sell the furnishings and other personal property from Rita Crundwell’s homes in Dixon and Englewood, Florida through an online auction Dec. 6-8.

Crundwell pleaded guilty to a federal fraud charge in U.S. District Court in Northern Illinois Nov. 14. According to a release from the U.S. Marshals Service, Crundwell agreed that she owes restitution to the city of Dixon totaling $53,740,394. Since she was arrested on April 17, Crundwell has agreed to the liquidation of assets that she had acquired with proceeds from her decades-long fraud scheme. The U.S. Marshals Service has so far recovered approximately $7.4 million from the online and live auctions of approximately 400 quarter horses, vehicles, trailers, tack and a luxury motor home, with additional auctions of jewelry and real property in Illinois and Florida still pending. The net proceeds from the forfeited property will be held in escrow pending further proceedings on restitution to the victim of the offense.

Pictures of personal belongings from the Florida and Illinois residences:

www.flickr.com/photos/usmarshals/
(click on “Rita Crundwell Florida House” and “Rita Crundwell Illinois House” sets) 

Information, pictures, terms and conditions on the auction will be available at

www.professionalauction.com

For information on the federal case, go to

http://www.justice.gov/usao/iln/pr/chicago/2012/pr1114_01.pdf