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.
It's been more than a year since the Rita Crundwell scandal rocked the city of Dixon. The former comptroller is serving a federal prison term for embezzling more than $50-million from city coffers. With court proceedings on the back-burner, the community is debating how to move forward with a form of government aimed at restoring public trust.