Dixon City Council approved a $40-million settlement with auditors and Fifth Third Bank at a special meeting today. The out-of-court settlement was reached on Friday with the companies the city blames for allowing former comptroller Rita Crundwell to embezzle $54-million over twenty years.
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.
A live auction of hundreds of horses kicked off this weekend in northern Illinois. The animals once belonged to Dixon's former comptroller, who's accused of embezzling millions of dollars from the city.