The city reached a $40 million settlement with its former auditors and bank, which failed to spot the long-term siphoning, and a quarter of that – about $10 million – went to lawyer fees.
How much did CliftonLarsonAllen pay in the civil suit?
CliftonLarsonAllen has agreed to pay $35.15 million to settle a lawsuit with the city of Dixon, Ill., for failing to catch a long-running embezzlement scheme by the city’s former comptroller.
How many transfers did Rita make to her fake account?
Transfers from the legitimate account (7503) to the fraudulent account (9530) were documented as payments of the fictitious invoices.
How much did Dixon recover in the civil suit against Clifton Larson Allen Fifth Third bank and Janis card?
Dixon to get $40 million in settlement of embezzlement case.
How much did Rita Crundwell pay back?
DIXON — Former city comptroller and convicted embezzler Rita Crundwell stole $53.7 million from Dixon across two decades, a debt she’ll never be able to pay back to the city.
How much money did they recover from Rita Crundwell?
He believes Crundwell might have pivoted, seeking her release through the prison system rather than the judicial system. City leaders said they recovered about $40 million after legal fees, and are now in a much better place, but the long term Crundwell crime impact remains a scar.
How long is Rita Crundwell in jail?
In 2013, Crundwell was sentenced to 19 years, 7 months in federal prison.
How many horses did Rita have What things did she spend money on buy?
She reportedly told FBI agents that some of the money was spent on her horses and their upkeep. Prosecutors sought the forfeiture of her horse farm and 300 horses, in addition to her three homes and a luxury motor vehicle.
How long was Rita Crundwell embezzle money?
Crundwell worked for the city for three decades and was a comptroller for 20 years, over which time she stole the large sum of funds. “The impact was dramatic over those 20 years.
Who audited Dixon Il?
The accounting firm responsible for auditing Dixon’s Page 3 3 financials –Clifton Gunderson – was charged $35.15 million for what Devon Bruce called negligence for failing to detect the theft of city funds for over two decades.