Friday, May 25, 2012
"Former finance official 'stole $53 million from city funds in Illinois"
On the other hand, with so many governments in financial trouble, you would think someone would have noticed this...
This recent U.K. Telegraph story is hard to believe:
"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."
