Rita Crundwell

Quick Facts

Full Name	Rita Crundwell
Occupation	Accountant
Date Of Birth	Jan 10, 1953(1953-01-10)
Age	71
Birthplace	Dixon
Country	United States
Birth City	Illinois
Horoscope	Capricorn

Rita Crundwell Biography

Rita Crundwell is one of the most popular and richest Accountant who was born on January 10, 1953 in Dixon, Illinois, United States. Rita A. Crundwell, nee Humphrey, was appointed as Dixon’s comptroller and treasurer from 1983 to 2012. She is also believed to have been the operator of the largest municipal fraud in American history. After she was discovered to have stolen $53.7 million from Dixon over 22 years, she was fired. This was in support of her American Quarter Horse breeding program. Crundwell pleaded guilty and was sentenced for 19 and a quarter years in prison.

Crundwell opened the Reserve Sewer Capital Development Account, (RSCDA) on December 8, 1990. It appears to be a bank account for a city. She was the sole signatory. Crundwell had money put into a Capital Development Fund account, which would then create false state invoices. She would then use the funds to write checks payable to the “Treasurer” account, which Crundwell would deposit into the RSCDA account. Federal investigators have found that this simple scheme has been in place for 22 years.

In the fall of 2011, while Crundwell was on an extended vacation, city clerk and acting comptroller Kathe Swanson discovered the RSCDA account with 179 deposits and associated checking activity. Not recognizing the account as a legitimate city account, Swanson alerted Dixon mayor James Burke, who in turn contacted the Federal Bureau of Investigation (FBI). For the next six months, Burke and Swanson (whose payroll was controlled by Crundwell) remained silent while the FBI built their case.

On September 20, 2012, Crundwell was also indicted on sixty state counts of theft, alleging that she stole $11.2 million from April 2010 until the day of her arrest. Burke and Lee County State’s Attorney Henry Dixon said the state charges, which carried a minimum of six years per count, were a backup in case Crundwell was acquitted on the federal charges. The state charges were dropped in April 2013. Dixon’s successor as state’s attorney, Anna Sacco-Miller, said that it did not make sense to spend taxpayer money on prosecuting Crundwell, as there were virtually no assets left for the state to seize (though Dixon had initially said he had no plans to seize assets from her). Sacco-Miller also said that because Illinois sentencing guidelines require state and federal sentences to run concurrently, Crundwell would likely serve out any sentence imposed at the state level while she was still in federal prison.

Crundwell, who had been working as Dixon’s treasurer and comptroller since 1983, was named the latter. Crundwell has a sterling reputation. In 2011, one of the city commissioners spoke highly of her financial management, saying that she “looks after every tax dollar like it was her own.”

Rita Crundwell Net Worth

Rita Crundwell is one of the richest Accountant from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Rita Crundwell 's net worth $5 Million. (Last Update: December 11, 2023)

Rita Humphrey was born Rita Humphrey. She is the daughter of Ray Humphrey and Caroline Humphrey. Crundwell was a popular and intelligent student who grew up on her family farm near Dixon. She began work at Dixon City Hall in 1970 as a student on work-study. She voted Republican in the heavily Republican town that was once home to Ronald Reagan. In 1978, she began to show American Quarter Horses.

In 1974, she married Jerry L. Crundwell, an engineering technician, while she was working as Dixon’s secretary. However, Crundwell divorced her in 1986.

On average, Crundwell stole nearly $2.5 million per year from the city. In 1991, she stole $181,000, while in 2008 alone she managed to embezzle $5.8 million from a city with an annual budget of $8–9 million. Crundwell used the money not only to finance her Quarter Horse operation, but also to support a lifestyle well beyond her $80,000 city salary, purchasing several cars, a second house and a million-dollar motorhome.

Height, Weight & Body Measurements

Rita Crundwell height Not available right now. Rita weight Not Known & body measurements will update soon.

Who is Rita Crundwell Dating?

According to our records, Rita Crundwell married to Jerry L. Crundwell. As of December 1, 2023, Rita Crundwell’s is not dating anyone.

Relationships Record : We have no records of past relationships for Rita Crundwell. You may help us to build the dating records for Rita Crundwell!

The following month, Dixon’s new finance director said that the city had seen an almost $3 million rebound since Crundwell’s arrest, but that the operating budget was still off by $16.6 million. It was also reported that Dixon lost $30 million in operating funds over the prior decade. The city sued its outside auditors, as well as the city’s banker, Fifth Third Bank, for ignoring numerous red flags in Crundwell’s actions. In September 2013, the auditors and Fifth Third agreed to pay the city $40 million in a legal settlement, while the auction of Crundwell’s assets brought in over $9 million.

Facts & Trivia

Rita Ranked on the list of most popular Accountant. Also ranked in the elit list of famous people born in United States. Rita Crundwell celebrates birthday on January 10 of every year.

What happened with Rita Crundwell?

Crundwell pled guilty to stealing $54 million from the City of Dixon over two decades. She used the money to fund a lavish lifestyle that included jewels, furs, homes, horses and a $2 million recreational vehicle.

How much money was recovered from Rita Crundwell?

The U.S. Marshals Service recovered about $7.4 million from auctions of Crundwell’s horses and equipment from her ranch. Her furniture, jewelry, and other personal property was auctioned off.

How did Rita Crundwell steal so much money?

Crundwell used false invoices made out to “treasurer” to deposit city money into this account , which she then used to finance the beginnings of a highly lavish lifestyle. At first she started out stealing thousands of dollars from the city a year.

Is Rita Crundwell on parole?

There is no parole in the federal prison system. Crundwell is serving her sentence at the Federal Prison Camp in Pekin, IL. Her release date, according to the Bureau of Prisons, is Oct. 20, 2029.

How long did Rita Crundwell serve in jail?

(WTVO) — Rita Crundwell, the former Dixon comptroller who embezzled more than $50 million from the city, has been freed from prison after serving only 8 years of a 19 year sentence.