Illinois Woman Charged
with Embezzling more
than $30 Million from
Municipality
Rita
A. Crundwell,
59, of Dixon,
Illinois, has
been arrested
and charged
with
embezzling
more than $30
million from
the small town
of
Dixon,
where she had
served as both
municipal
controller and
treasurer for
many years.
In what will
surely be one
of the largest
embezzlement
cases in
modern US
history,
Crundwell is
alleged to
have siphoned
funds from
town coffers
into a secret
account she
controlled for
at least six
years,
totalling
$30,236,503.51.
Find more fraud cases by visiting our partnering sponsor Marquet International at Fraud Talk Blog Spot
FRAUD STATISTICS
Small Businesses continue to rank the HIGHEST in occupational fraud frequency and lose an average of $147,000 per fraud occurrence. according to the ACFE 2012 Report to the Nation. Read More
A solution to Segregation of Duty - Learn how to set up your Vital Internal Control System today. Help your clients protect their business with Vitalics. Become an affiliate, it is free. To learn more click here.
EMBEZZLEMENT
Defined as the crime of stealing the funds or property of an employer, company or government or misappropriating money or assets held in trust.
White Collar Crime
White-collar criminals are opportunists, who over time learn they can take advantage of their circumstances to accumulate financial gain. They are educated, intelligent, affluent, confident individuals, who were qualified enough to get a job which allows them the unmonitored access to often large sums of money. Many also use their intelligence to con their victims into believing and trusting in their credentials. Many do not start out as criminals, and in many cases never see themselves as such.
