Marshals Service Receives Repayment In Crundwell Loan
The loan repayment between Dixon's fire chief and Rita Crundwell has been satisfied, with interest compounded, to the satisfaction of the U.S. government. According to Lynzey Donahue, a spokesperson with the U.S. Marshals Service, the money from Timothy and Diane Shipman will be applied "in partial satisfaction to the restitution order issued by the U.S. District Court in United States v. Crundwell."
The repayment, along with other money recently recovered, will be transferred to the city of Dixon.
The loan was made before it was revealed Crundwell took more than $53 million dollars from city coffers over two decades.
The U.S. Marshals Service is working closely with other parties to address repayment of loans they also had with Crundwell.
The U.S. Marshals Service transferred $9.2 million to the U.S. District Court in the Northern District of Illinois Dec. 13, as outlined below:
$12,216,447.05 – Total income
$ 1,169,115.80 – Total court-ordered claims
$ 1,832,682.34 – Total expenses
$ 9,214,648.91 – Net proceeds