Perk Pressure Based Judgment = Permanent Error

by Hal Mooz 14. November 2012 10:34

$53M embezzlement trial stuns small town

A small U.S. town stunned by accusations that its longtime bookkeeper embezzled more than $50 million will hear her admit it in court Wednesday, according to federal prosecutors. Rita Crundwell is the former comptroller of Dixon, Illinois, the boyhood home of former President Ronald Reagan. She pleaded guilty to a charge of wire fraud in federal court and was allowed to remain free until her Feb. 14 sentencing hearing. She's accused of stealing public money while overseeing the city's public finances and siphoning it into a secret bank account, U.S. attorney's spokesman Randall Samborn said. Authorities say Crundwell bought luxury homes and vehicles, and spent millions on her horse-breeding operation, RC Quarter Horses LLC, which produced 52 world champions in exhibitions run by the American Quarter Horse Association. A guilty plea enables U.S. marshals to start selling off millions of dollars of assets still in Crundwell's name, including around $450,000 worth of diamonds and other jewels, ranch land and a house in Florida, he said.

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