The relevance of the audit has been in question since the uncovering of massive corporate frauds dating back to Worldcom and Enron. April 18, 2012: Crundwell is arrested by the FBI for stealing more than 30 million from the city. The city is suing the accounting firm, one of the largest in the United States, claiming it should have detected Crundwell’s theft and. Shes charged with one count of wire fraud, part of what prosecution says was a misappropriation. A week after Crundwell was arrested and whisked away in handcuffs from City Hall on a charge of wire fraud, a Tribune review of financial controls in Dixon shows they were abysmally weak and. CliftonLarsonAllen knew about the secret bank account former comptroller Rita Crundwell used to steal nearly 54 million at least as early as 2010 and did not investigate it, according to court documents. Just as shocking as the amount stolen from this small Illinois town, was the fact that Crundwell engaged in her scheme to pillage Dixon for 20 years before being discovered.Ĭrundwell's fraud shines an unflattering spotlight on the accounting profession and the role of the audit. Rita Crundwell pleaded not guilty in federal court today. What Crundwell did to Dixon, boyhood home of Ronald Reagan, is widely viewed as the largest municipal fraud in. Crundwell's crime went on record as the largest municipal fraud in U.S. Rita Crundwell, who stole from a small Illinois town, should finish her sentence. On February 14, 2013, Rita Crundwell, former comptroller for the city of Dixon, IL was sentenced to 19.5 years in prison for stealing more than $53 million from Dixon. And then she found a secret account in city ledgers that led to discovery of Comptroller Rita Crundwell’s astounding 53.7 million fraud.
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