Embezzling Bookkeeper Lived Lavishly While Town Suffered

by Nate Wooley | February 15, 2013 12:21 pm

[1]Rita Crundwell, the Dixon, Ill., bookkeeper who stole millions from her city, has been sentenced to almost 20 years in prison.

Crundwell was the town bookkeeper when she embezzled nearly $53 million, reports NBC News[2]. She used the money to finance an expensive lifestyle and a company that raised prize-winning horses.

Meanwhile, the town of Dixon — where former president Ronald Reagan lived as a child — couldn’t afford basic items like repairs to company vehicles. City employees went without raises for years, and the town had to finance its spending with $3 million in loans during her time stealing.

Crundwell was caught when a temporary bookkeeper — brought in while she was on a long vacation — discovered her shenanigans. The FBI was called in, and Crundwell was arrested.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/02/rita-crundwell.jpg
  2. reports NBC News: http://usnews.nbcnews.com/_news/2013/02/14/16963516-horse-loving-bookkeeper-gets-almost-20-years-for-stealing-53-million-from-illinois-town
  3. Feds Bust 18 in $200M Credit Card Fraud Ring: http://investorplace.com/2013/02/feds-bust-18-in-200m-credit-card-fraud-ring/
  4. Speed Robbery: Woman Hits 2 Banks in 15 Minutes: http://investorplace.com/2013/02/speed-robbery-woman-hits-2-banks-in-15-minutes/
  5. N.Y. Nun Accused of Unholy Crime: http://investorplace.com/2012/11/n-y-nun-accused-of-unholy-crime/

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