Americas

Thursday 10 July 2014

City bookkeeper stole €41m from taxpayers

Nick Allen Los Angeles

Published 16/11/2012|05:00

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A BOOKKEEPER for a small US city that was the boyhood home of Ronald Reagan has admitted taking $53m (€41m) of public money over two decades to fund a lavish lifestyle and become a champion horse breeder.

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Rita Crundwell (59) was the trusted comptroller for Dixon, Illinois, but used funds to buy at least 400 horses, a ranch, $450,000 (€352,262) worth of diamonds, sports cars, a home in Florida, a boat, and a $2m (€1.56m) motor home.

An FBI spokesman said: "Rita Crundwell was living the dream. Unfortunately, this dream was being funded by the taxpayers." (© Daily Telegraph, London)

Irish Independent

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