DIXON — Rita Crundwell agreed that she owes restitution to the City of Dixon totaling $53,740,394, minus any credit for funds repaid prior to sentencing. She also agreed to the entry of a forfeiture judgment in the same amount. That plea came Wednesday morning in federal court.
Since she was arrested on April 17 this year, Crundwell has agreed to the liquidation of assets that she had acquired with proceeds from her decades-long fraud scheme. To date, the United States Marshals Service has recovered approximately $7.4 million from the online and live auctions of approximately 400 quarter horses, vehicles, trailers, tack, and a luxury motor home, with additional auctions of personal belongings and real property in Illinois and Florida still pending. The net proceeds from the forfeited property will be held in escrow pending further proceedings on restitution to the victim of the offense. Under federal law, the government may continue to seek additional assets of a defendant and obtain restitution for up to 20 years after a defendant is released from prison.
For the complete article see the 11-15-2012 issue.
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