Dixon council poised to approve settlement


Share
Originally Posted Online: Oct. 15, 2013, 8:30 am
Last Updated: Oct. 15, 2013, 7:34 pm
Comment on this story | Print this story | Email this story

DIXON (AP) — Officials of the northern Illinois city of Dixon are poised to approve a $40 million settlement in connection with former comptroller Rita Crundwell's theft of millions of dollars in public money.

The Telegraph in Dixon reports the Dixon City Council on Tuesday is expected to give the settlement final approval at a public meeting. Dixon is to receive the money as part of a settlement with a bank and auditor the city contended failed to do enough to expose Crundwell's scheme.

Crundwell is serving a federal prison term after pleading guilty to charges she stole more than $53 million over two decades. She was sentenced to nearly 20 years in prison.

Prosecutors say she used the stolen money to live lavishly and to build a nationally-renowned horse-breeding operation.














 




Local events heading








  Today is Monday, Sept. 1, the 244th day of 2014. There are 121 days left in the year.

1864 -- 150 years ago: We are informed by J.H. Hull that the reason the street sprinkler was not at work yesterday settling the dust on the streets, was because one of his horses was injured.
1889 -- 125 years ago: Bonnie McGregor, a fleet-footed stallion owned by S.W. Wheelock of this community, covered himself with glory at Lexington, Ky, when he ran a mile in 2:13 1/2. The horse's value was estimated as at least $50,000.
1914 -- 100 years ago: Troops are pouring into Paris to prepare for defense of the city. The German army is reported to be only 60 miles from the capital of France.
1939 -- 75 years ago: The German army has invaded Poland in undeclared warfare. Poland has appealed to Great Britain and France for aid.
1964 -- 50 years ago: Publication of a plant newspaper, the Farmall Works News, has been launched at the Rock Island IHC factory and replaces a managerial newsletter.
1989 -- 25 years ago: Officials predict Monday's Rock Island Labor Parade will be the biggest and best ever. Last minute work continues on floats and costumes for the parade, which steps off a 9:30 a.m.




(More History)