Rita Crundwell - Net Worth, Age, Height, Birthday, Bio, Wiki!
Explore Rita Crundwell net worth, age, height, bio, birthday, wiki, and salary! 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. In this article, we will discover how old is Rita Crundwell? Who is Rita Crundwell dating now & how much money does Rita Crundwell have?
| Name | Rita Crundwell |
| First Name | Rita |
| Last Name | Crundwell |
| Occupation | Accountant |
| Birthday | January 10 |
| Birth Year | 1953 |
| Place of Birth | Dixon |
| Home Town | Illinois |
| Birth Country | United States |
| Birth Sign | Capricorn |
| Full/Birth Name | |
| Parents | Ray Humphrey, Caroline Humphrey |
| Siblings | Linda Burkitt, Carol Ann Beardin |
| Spouse | Jerry L. Crundwell |
| Children(s) | Not Available |
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. 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.”
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.
Rita Crundwell Net Worth
Rita 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: January 13, 2024)
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.
| Net Worth | $5 Million |
| Salary | Under Review |
| Source of Income | Accountant |
| Cars | Not Available |
| House | Living in own house. |
For most of Crundwell’s tenure, residents assumed either that she inherited her wealth and/or that her horse breeding business was profitable in its own right. However, by the onset of the Great Recession, some grew suspicious that Crundwell was stealing money. But the city’s outside auditors, Clifton Gunderson (now CliftonLarsonAllen after merging with LarsonAllen in 2012) and local accountant Samuel Card presumed that Crundwell was honest and signed off on her annual financial statements without concern. For small U.S. cities similar to Dixon, lack of sufficient outside audits was a recurring problem, as third-party auditors could give at best limited attention. For most of her tenure as comptroller, Crundwell had nearly complete control over the city’s accounts, while few city employees had access to the city’s financial statements.
At sentencing on February 14, 2013, prosecutors sought the maximum sentence of twenty years in federal prison. Their case was bolstered by testimony from Burke and city staffers that Crundwell used dramatic analogies to force spending cuts in order to cover up her theft, which left Dixon unable to provide the most basic services. The defense asked for thirteen years, saying that Crundwell had cooperated with authorities in recovering the money. Ultimately, Reinhard sentenced Crundwell to nineteen years and seven months in prison, close to what prosecutors had sought. Reinhard noted that she put her passion for raising horses ahead of the needs of the city residents who had entrusted her with their funds, and that a significant prison term was required to restore public confidence. Reinhard was so disgusted with Crundwell’s behavior that he revoked her bail and remanded her to custody rather than allow her to self-report to prison. Crundwell appealed the sentence, but the Seventh Circuit Court of Appeals upheld it in November 2013.
Ethnicity, religion & political views
Many peoples want to know what is Rita Crundwell ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Rita Crundwell's ethnicity is Not Known. We will update Rita Crundwell's religion & political views in this article. Please check the article again after few days.
Crundwell arrived for work on April 17, 2012 to find FBI agents waiting for her. She was arrested later that day and was indicted by a federal grand jury for embezzling $30 million from the city during the previous six years. Crundwell was charged with one count of wire fraud and released on $4,500 bail the next day. On May 2, 2012, a superseding indictment charged Crundwell with embezzling $53 million over the prior 22 years.
Who is Rita Crundwell Dating?
According to our records, Rita Crundwell married to Jerry L. Crundwell . As of January 13, 2024, 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.
Height, Weight & Body Measurements
Rita Crundwell height Not available right now. Rita weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
On November 14, 2012, Crundwell pleaded guilty before Judge Philip Reinhard to a single count of wire fraud. As part of the deal, she also admitted to money laundering by using the embezzled money to finance her horse operation. Crundwell was required to forfeit more than $53.7 million in cash, assets and possessions, equivalent to the amount she stole, which is being used to make full restitution to the city. 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. Prosecutors later discovered that Crundwell’s crimes had begun as early as 1988, when she siphoned off $25,000 from the Dixon Sister City program over two years. Had she not pleaded guilty, she would have faced additional charges of bank fraud, wire fraud and money laundering that could have sent her to prison for the rest of her life.
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.
You may read full biography about Rita Crundwell from Wikipedia.
