Small Town Treasurer Arrested In Staggering $30 Million Theft

Rita Crundwell arrested $30 million allegedly
Rita Crundwell arrested $30 million allegedly

As a champion horse breeder, Rita Crundwell was a familiar face in Dixon, Ill., a sleepy town of 15,000 where Crundwell also worked, managing the town's finances for about 30 years.

But on Tuesday, federal authorities arrested the 58-year-old civil servant, accusing her of stealing $30 million in taxpayer funds in the past six years. The FBI was tipped by the city's mayor to the comptroller's suspected malfeasance. Crundwell's arrest leaves many Dixon residents wondering how she might have managed such a feat in a town as small as Dixon.