Small Town Treasurer Stole More Than $53 Million, Feds Claim

Rita Crundwell
Rita Crundwell

DIXON, Ill. -- The former financial officer for the small northern Illinois city of Dixon stole millions of dollars more than originally thought, federal prosecutors said Tuesday as they announced plans to try to seize Rita Crundwell's trucks, boats, horses and even theunborn foals she owns.

A federal grand jury on Thursday returned an indictment charging Crundwell with one count of wire fraud for allegedly siphoning more than $53 million from the city of 16,000 since 1990 into a secret account she controlled. Prosecutors originally alleged she had taken $30 million.