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Former finance official 'stole $53 million from city funds in Illinois' (no one noticed?)
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Posted on 05/02/2012 5:55:17 AM PDT by InvisibleChurch

A former finance official stole more than $53 million in city funds from former President Ronald Reagan's boyhood hometown in Illinois in a fraud that spanned more than two decades, US prosecutors said on Tuesday.

Rita Crundwell, 59, who had served as comptroller of Dixon, Illinois since 1983, used the money to buy three homes, more than a dozen cars, trucks and other vehicles, and to invest in a horse farm that has 311 quarter horses, the US Attorney's Office for the Northern District of Illinois in Chicago said.

Crundwell was arrested in mid-April and charged with stealing $30 million from the city between 2006 and 2012. Prosecutors said she funnelled the money into a secret account she controlled.

On Tuesday, prosecutors said further investigation found that the alleged fraud began in 1990 and involved more than $53 million in funds from the city of about 15,000 people, located about 100 miles southwest of Chicago.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: comptroller; crundwell; dixon; illinois; publicservice
the article doesn't suggest if she had another job/career than that of comptroller, but didn't ANYONE think that someone on a comptroller's salary was able to buy horses and property and three homes and dozens of cars?
1 posted on 05/02/2012 5:55:20 AM PDT by InvisibleChurch
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To: InvisibleChurch

311 Quarter horses is a lot of money on the hoof.


2 posted on 05/02/2012 6:00:29 AM PDT by buffaloguy (uab.)
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To: InvisibleChurch

Hmmmm....wonder what party she was elected under...


3 posted on 05/02/2012 6:00:29 AM PDT by Psycho_Bunny (Burning the Quran is a waste of perfectly good fire.)
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To: InvisibleChurch

Whatever happened to the concept of “checks & balance?”
Sell her horses, all her assets, make RESTITUTION...then lock her up.


4 posted on 05/02/2012 6:03:00 AM PDT by FES0844
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To: InvisibleChurch

There was once a Sec of the Treasury from Texas who moved all the state’s accounts to a new bank. Later that banked loaned the Sec and some friends money to buy some land in South Austin. That land was later sold to the state for a new expressway. Isn’t that special?


5 posted on 05/02/2012 6:04:16 AM PDT by Terry Mross ("It happened. And we let it happen." Peter Griffin - FAMILY GUY)
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To: Psycho_Bunny
wonder what party she was elected under...

oh, who cares- it was former President Ronald Reagan's boyhood hometown, dontcha know.

6 posted on 05/02/2012 6:07:49 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: InvisibleChurch

Does anyone else notice that many of these “insider” crimes, especially at the Municipal level are done by middle-aged women.

There must be more to menopause than crankiness. ;)


7 posted on 05/02/2012 6:11:07 AM PDT by Paraclete
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To: InvisibleChurch

Does anyone else notice that many of these “insider” crimes, especially at the Municipal level are done by middle-aged women.

There must be more to menopause than crankiness. ;)


8 posted on 05/02/2012 6:11:18 AM PDT by Paraclete
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To: InvisibleChurch

When a government official of a small town can get her hands on tens of millions of dollars, and in years it is only discovered by accident, clearly government is too big and powerful.


9 posted on 05/02/2012 6:24:02 AM PDT by theBuckwheat
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To: InvisibleChurch

if this happened in Dixon, it is likely 1/10000000 of what goes on in Chicago and Cook County every day.


10 posted on 05/02/2012 6:35:09 AM PDT by Buckeye McFrog
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To: theBuckwheat
When a government official of a small town can get her hands on tens of millions of dollars, and in years it is only discovered by accident, clearly government is too big and powerful. -Buckwheat
Ponder, if you dare, the comparative scale of theft within our current admin.
11 posted on 05/02/2012 6:44:10 AM PDT by wtd
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To: Terry Mross
For years and years, the powers-that-be in Austin harassed its citizens about the in-town airport (Robert Mueller--not the FBI guy though). They needed to move it to some outlying location where they could rebuild it much larger. Over the period of a decade or more, they kept putting it on a referendum until it passed.

The favored site was in the sleepy burg of Manor, quite some distance from the center of town.

Various officials and their sycophants loaded up on private real estate around the proposed site before it was announced. (What better might one expect from an incorrigible city administration?)

Well, the Air Force came to the rescue, in a way. Despite the efforts of long-time Congressman J. J. ("Jake") Pickle, the base closing commission put Bergstrom AFB on the list. (I always call it Burpelson AFB, being convinced that it was the prototype for the base in Dr. Strangelove.)

The Burpelson site was leased from the City for $1 upon the establishment of the base in 1941. The lease stipulated that the site and all of its improvements would revert to the City if ever decommissioned as an AFB.

So the City finally then gave up on the Manor site, dispossessing all the crooks who tried to make a killing on it. They then spent a carload of money converting the AFB into a pretty nice airport: Austin Burpelson--oops, I mean Bergstrom--International Airport.

12 posted on 05/02/2012 6:51:23 AM PDT by Erasmus (BHO: New supreme leader of the homey rollin' empire.)
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To: InvisibleChurch

Once again, proof that government is the least efficient part of any society. We need as little of it as possible.

Also note, this if from a British paper. Any reports on any American sources?


13 posted on 05/02/2012 6:56:28 AM PDT by Stand W (Crush your enemies! See them driven before you! Hear the lamentations of their women!)
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To: InvisibleChurch

It sounds like she made a “mistake”.


14 posted on 05/02/2012 7:01:51 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: Paraclete

The horse is on the left.

15 posted on 05/02/2012 7:47:08 AM PDT by OldCorps
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To: InvisibleChurch

Dixon is about 35 miles west of me. We’ve discussed this, and can’t see how she could get away with this, especially on such a grand scale. One account I read earlier claimed she had a motor home worth around $2.5 million. One “ranch” was in Wisconsin, another in Illinois. Earlier accounts also had the total figure around $30 mil. Doesn’t anyone monitor the books?


16 posted on 05/02/2012 8:12:53 AM PDT by bcsco
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To: bcsco
Another, earlier, Chicago Tribune story. This shows the motor home valued at $2.1 mil.

I love this comment: As both treasurer and comptroller, Crundwell held almost complete control over the city's bank accounts.

"That's Accounting 101, segregation of duties," Pope said. "The person that writes the checks isn't the person who deposits the checks."

But this one is the best: Crundwell reported to the city's finance commissioner, a member of the City Council, but the mayor declined to comment on whether that current commissioner, David Blackburn, or former Commissioner Roy Bridgeman should have detected the alleged thefts. As Bridgeman left office last year, he praised Crundwell for being an asset to the city and said she "looks after every tax dollar as if it were her own," according to meeting minutes.

Boy, she sure did. DUH!!

17 posted on 05/02/2012 8:35:09 AM PDT by bcsco
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To: Terry Mross

That land was later sold to the state for a new expressway. Isn’t that special?”

Isn’t that the land whose majority owner(s) was from Spain? It may well well have been the Trans Texas highway deal. I know that project was supposed to have been scuttled but there are eight new lanes of concrete beginning south of Houston and headed right down 59 for the border. Or was that deal in your post for something else? So many questionable things going down during the past several years that it’s hard to keep them all separate.


18 posted on 05/02/2012 9:01:20 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: OldCorps

And the horse’s ass is on the right.


19 posted on 05/02/2012 9:09:01 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: InvisibleChurch

Bump


20 posted on 05/02/2012 9:52:33 AM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: Grams A

So whats the word on F1’s track in Austin? I saw a pic of it last week and it looks like they just started building the week before.


21 posted on 05/02/2012 11:31:23 AM PDT by InvisibleChurch ( go in peace , serve the Lord)
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To: Erasmus; Grams A

I know about the airport. I was talking about MOPAC and Ann Richards.

Politicians from both parties have been pulling that crap since forever. They find out the government is going to build a lake so they go into a “partnership” with some money people and buy up the land. They then get to sell the “lake” land to the government PLUS they get the lakefront properties. Talk about insider trading. It goes on at all levels of government.


22 posted on 05/02/2012 12:00:46 PM PDT by Terry Mross ("It happened. And we let it happen." Peter Griffin - FAMILY GUY)
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To: theBuckwheat
When a government official of a small town can get her hands on tens of millions of dollars, and in years it is only discovered by accident, clearly government is too big and powerful.

I didn't realize just how small a town it is.

From Wikipedia:

The population was 15,733 as of the 2010 census, down from 15,941 at the 2000 census.
How could somebody in a town that small not have noticed that things weren't quite right money-wise? $53 million, even over 30 years, is a lot of money for that a small town's budget. (I'm thinking that a lot of people were looking the other way for a long time.)
23 posted on 05/02/2012 12:19:22 PM PDT by Bob
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To: Terry Mross

There was an odd case that occurred in the 80’s when they were planning to expand Texas 71 W/US 290 W into 4-lane limited access out to Sunset Valley and Oak Hill, just short of the 71/290 split southwest of town.

A nice snazzy office building went up along the route, about 8 stories tall.

It was never occupied. Got torn down because it was partly on the right-of-way of the planned highway widening, which began a year or so after the demolition.

Most likely just a planning snafu, but just possibly some kind of scam at the government’s—our—expense. What a waste, in any case.


24 posted on 05/02/2012 12:24:28 PM PDT by Erasmus (BHO: New supreme leader of the homey rollin' empire.)
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To: bcsco; John Semmens
[...] and said she "looks after every tax dollar as if it were her own [...]"

Man that's getting stratospheric, into John Semmens territory if ya ask me.

25 posted on 05/02/2012 12:28:01 PM PDT by Erasmus (BHO: New supreme leader of the homey rollin' empire.)
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To: InvisibleChurch

Haven’t a clue as to what is going on in Austin. Perhaps someone else from that area can give you update. I am south of Houston and try to stay as far away from Austin as I can.


26 posted on 05/02/2012 12:32:35 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Erasmus; John Semmens
Man that's getting stratospheric, into John Semmens territory if ya ask me.

I agree. John should be able to work some wizardry on that for sure. While it makes me suspect the guy had no clue as to what was going on, it's gonna come back to haunt him big time. At least in Dixon it will.

27 posted on 05/02/2012 1:14:44 PM PDT by bcsco
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To: Bob; theBuckwheat

Judging from the article I posted in post #17, there was about 3 levels of separation between accounts. Not all that great, really, in the scheme of things. Especially when books are being audited...

Also, from statements by those auditors (2 firms according to the story), they’re either playing dumb or not responding.

And the city council is to blame as well. Wasn’t anyone at that level concerned over her apparent prosperous lifestyle?

As I mentioned in post #16, I live about 35 miles East, in another small town - smaller than Dixon, actually. I would hope our officials are taking heed. I’ll have to quiz the mayor when I see him.


28 posted on 05/02/2012 1:23:48 PM PDT by bcsco
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To: InvisibleChurch

Bum p


29 posted on 05/02/2012 4:45:52 PM PDT by InvisibleChurch ( go in peace , serve the Lord)
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