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.
Former Dixon Comptroller Rita Crundwell was sentenced today to serve 235 months -- 19 years and 7 months -- in prison on one federal count of wire fraud resulting from her embezzlement of more than $53 million in public funds from the City of Dixon.
The U.S. Marshals Service has liquidated nearly all of the assets of Rita Crundwell, the former Dixon comptroller who admitted embezzling vast sums from the city. One of the final sales will be her personal jewelry collection. The jewelry sale, scheduled Feb. 23 in Texas, will be simulcast to reach a wider audience.
When all is said and done, the city of Dixon will only recoup a fraction of the $53 million taken from the city's coffers over the last two decades.
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.
A two-day horse auction in Dixon has netted nearly five million dollars, according to a U.S. Marshals Service representative. More than 300 of Rita Crundwell’s horses were sold Sunday and Monday. The former Dixon comptroller is accused of stealing more than 53-million dollars from the city. WNIJ’s Susan Stephens has more from Monday’s auction at Crundwell’s horse farm.
The city of Dixon garnered the world’s attention this week with the arrest of the city’s comptroller. Rita Crundwell was charged in federal court with wire fraud, related to more than 3 million dollars missing from the city’s coffers since last Fall. Federal investigators also accuse her of embezzling more than 30-million dollars from the city over the past six years. WNIJ’s Susan Stephens has been following the story all week. She spoke with Jenna Dooley about the case and what she learned about the 58-year-old Dixon native while talking to people who know her.