Fraud Talk Blog the more I understand my apparent sociopath landlady who trespassed to rob me of $6,000 a few weeks ago. According to the blog, this case will "surely go down as one of the largest embezzlement case in U.S. history".
The City of Dixon Illinois' longtime comptroller's been charged with embezzling city funds to pay for champion horse farms and a lavish lifestyle. My question is, how can someone get away since the 1980's with stealing that kind of money? How is that possible? How can people be so dumb to allow this city employee to rob them blind?
Crundwell reportedly began working for the town in the early 1980s when she was appointed controller and ultimately became one of the few full-time and highly trusted municipal employees, making just $80,000 per year. She is the owner of Meri-J Ranch, a champion horse breeding farm in Dixon and another in Beloit, Wisconsin. Federal authorities have charged Crundwell with a single count of wire fraud at this time.
The FBI has seized the contents of two bank accounts she controlled as well as seven trucks and trailers, three pickup trucks, the motor home and a Ford Thunderbird convertible. Meanwhile, the financially strapped City of Dixon, with an annual budget of just $8-9 million, has had to close its pool and make other cutbacks in services. Crundwell faces up to 20 years in prison if convicted on the single wire fraud charge.
The only words that come to mind to understand the magnitude of this is, "Jesus Christ!"
Link to Criminal Complaint (PDF)
Small Town Rocked By $30 Million Theft Case - Chicago Tribune