48°FFog/MistFull Forecast

$9.2 million from Crundwell sales on its way to Dixon

Published: Thursday, Dec. 19, 2013 3:37 p.m. CDT • Updated: Friday, Dec. 20, 2013 10:52 a.m. CDT

(Continued from Page 1)

DIXON – The check is in the mail, quite literally.

Dixon expects to receive a $9.2 million check in the mail today, said Mayor Jim Burke. The check, traveling standard mail, according to Burke, is for the city's share of the proceeds from the sale of former Comptroller Rita Crundwell's property.

The U.S. Marshals Service moved that $9.2 million one step closer to Dixon's bank account when it transferred the money to the U.S. District Court in the Northern District of Illinois on Dec. 13, the agency said in a news release Thursday.

According to the Marshals Service release:

The clerk of court for the Northern District of Illinois then issued the restitution payment to the city.

The sale of five properties, a luxury motorhome, more than 400 quarter horses, a jewelry collection, and other personal assets brought in a total of $12.2 million.

After court-ordered claims and expenses, the city will receive $9.2 million in restitution, the release said.

Crundwell's property was sold in December 2012. In addition to the proceeds from the auction, the city was awarded $40 million in an out-of-court settlement in September with its former auditors and Fifth Third Bank.

The city has already received all its settlement money, Burke said, and the $9.2 million check will be immediately put into in interest bearing account. Burke received a tracking number for the check when it was mailed, he said.

After paying its lawyers $10 million for the settlement, the city received $39.2 million as partial restitution for the nearly $54 million Crundwell stole from the city during 2 decades.

Crundwell is serving a sentence of 19 years, 7 months in a federal prison in Waseca, Minn. In November, a three-judge panel of the 7th U.S. Circuit Court of Appeals in Chicago unanimously affirmed the sentence after it was appealed by her lawyers.

She will be at least 77 when she walks out of prison.

Get breaking news sent to your phone. Sign up for text alerts from Sauk Valley Media!

National video

Reader Poll

There’s a movement afoot in the Illinois Legislature to name former President Barack Obama’s birthday (Aug. 4) as a legal holiday in Illinois. What do you think?
Good idea
Bad idea
Not sure
No opinion