Feds release fruit of Crundwell search warrants
Fire chief, city engineer got personal loans from disgraced comptroller
DIXON – Two city employees who received personal loans from embattled comptroller Rita A. Crundwell said Tuesday they believed her money came from her horse business.
Crundwell was arrested April 17 on a federal wire fraud charge; that day, the FBI seized documents and assets from her office at City Hall; her Dixon home and horse ranch; her company, RC Quarter Horses Inc.; and another horse ranch in Beloit, Wis.
Prosecutors say Crundwell, the city’s top financial officer since 1983, misappropriated more than $30 million in taxpayer money since 2006. She faces up to 20 years in prison, plus fines and restitution if convicted.
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