“My only advice to our lawyer was don’t leave any money on the table, and I don’t think he did.”Ī: “Illinois Town Whose Comptroller Is Accused of Embezzling $53M Blames Auditors in Civil Suit”Ī: “Horse-loving ex-city comptroller who embezzled $54 million gets 19. “I didn’t know when we got into this thing exactly how it was going to come out. She worked as part of a program that allowed for high school students to get employed. She began working in the city’s management from as early as 17 years. on Saturday after a marathon 17-hour-plus negotiation session brought home the bacon. Case Study: City of Dixon Fraud Rita Crundwell, the city of Dixon comptroller and financial manager allegedly stile billions of moneys from the city’s accounts to finance her lavish lifestyle. He said he and attorney Devon Bruce, who represented the city, wound up having a steak dinner along the Chicago River at about 2 a.m. He called the settlement “a huge day for us” and said it would leave the municipality “in good shape” even after some $10 million in legal fees. Burke serves as mayor of the town of some 15,700 residents. The head of the Card firm could not be reached by the WSJ for comment. “Reaching a fair settlement for taxpayers is important to CliftonLarsonAllen.” Crundwell’s fraud continuing undetected, and the right thing to do is reduce the harm experienced by the taxpayers of Dixon and put this matter behind us,” he wrote. “We believe there was a shared responsibility that resulted in Ms. Gordon Viere, the CEO of CliftonLarsonAllen, said in a written statement that all parties affected by the Crundwell case should view it as an opportunity for evaluation of what happened. She embezzled a total of $54 million, authorities have said.Ī spokesman for the bank said it had settled without admitting liability, the Wall Street Journal reported. She also admitted money laundering, the Chicago Tribune notes. The town’s former comptroller, Rita Crundwell, 60, was sentenced in February to nearly 20 years in federal prison after pleading guilty to a single count of wire fraud. Fifth Third Bank and Sam Card Accounting will pay $2.85 million and $1 million, respectively, to settle the Lee County suit, the Wall Street Journal (sub. The bulk of the settlement, around $36 million, will come from accounting firm CliftonLarsonAllen, Northern Public Radio and the Daily Chronicle report. An Illinois bank and two accounting firms have agreed to settle for $40 million a lawsuit over a massive, nearly two-decade-long embezzlement by the then-treasurer of the city of Dixon, its mayor says.
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