Crundwell continued....
boyhood home of the late President Ronald Reagan, welcomed Crundwell’s plea. Its 16,000 residents are largely lower-middle class, working at factories and grain farms, and they had come to trust Crundwell to manage the town’s finances with little oversight. “”We’re very happy that she pleaded guilty,” Mayor James Burke said. “There’s no feeling sorry for her at all.”
Burke said Crundwell deserves a long prison sentence and he hopes her plea will help the town recoup more of its
$53 million in losses. He said he would convene a public meeting to discuss how recovered money will be spent. The wire fraud count carries a maximum sentence of up to 20 years in prison.
Crundwell, 58, had worked for the city about 100 miles west of Chicago since she was 17 and started to oversee public finances in the 1980s. Prosecutors say she began stealing money in 1990 to support an extravagant way of life.
Authorities say Crundwell SOUTHWEST HORSE TRADER
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bought luxury homes and vehicles and spent millions on her horse-breeding operation, RC Quarter Horses LLC, which produced 52 world champions in exhibitions run by the American Quarter Horse Association. Her scheme unraveled when a co-worker filling in during Crundwell’s vacation stumbled upon her secret bank account, prosecutors said.
Crundwell has pleaded not guilty to 60 separate but related felony theft counts in Lee County.
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