Horse auction starts for Beloit breeder charged with stealing $53 million
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The Meri-J Ranch in Beloit, owned by Rita Crundwell. She was arrested April 17, and was fired from her job as a comptroller with the city of Dixon, after being charged with one count of wire fraud. File photo/Dan Plutchak.
An online auction of a herd of quarter horses seized from the former comptroller of Dixon, Ill., who has been federally charged with wire fraud and stealing more than $53 million from the city, starts today, according to a news story from WIFR-TV.
The auction, to be run by www.professionalauction.com, closes Monday for 46 horses and Tuesday for 47 more horses.
A live auction for the remainder of Crundwell's herd, numbering more than 300, will be held in DIxon Sun., Sept. 23 and Mon., Sept. 24.
Crundwell, 59, was a leading breeder of quarter horses in the U.S.
Her indictment charges her with using the money she fraudulently obtained from the city since 1990 to, in part, fund her horse breeding business.
The U.S. Marshals Service is handling the online auction.
If found guilty, proceeds from the sale of Crunwell's forfeited assets will be applied toward restitution to the city of Dixon.
For the complete story, see WIFR-TV.