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.