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Showing posts with the label theft

OPEN POST: Small Town Big Baller Lived Large After Stealing 53 Million From Her Town Since the 90s.

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In 1990, Rita Crundwell assumed the role of comptroller in Dixon, Illinois. After serving for seven years, she clandestinely established the Reserve Sewer Capital Development Account (RSCDA) and utilized it to siphon off nearly $2.5 million annually from the city. By 2008, she had illicitly obtained a staggering $5.8 million, a substantial portion of Dixon's modest annual budget, which ranged between $8-9 million. Over 22 years, Crundwell embezzled upwards of $53 million and lavishly funded her lifestyle. She established and operated RC Quarter Horses, a renowned horse breeding enterprise, with her horses achieving an impressive 52 world championships. Additionally, she acquired a 45-foot motorhome and indulged in extended vacations. Crundwell deceitfully attributed the city's financial shortfall to the state's delayed tax payments, resulting in severe cutbacks in essential services across Dixon. Basically, the psychopath endangered people's lives so she could cha cha c