* This doesn’t look like too bad of a deal for Dixon even with the healthy cut to the city’s attorneys…

The city reached a $40 million out-of-court settlement this morning with its auditors and bank it said were to blame for former Comptroller Rita Crundwell’s theft of nearly $54 million in city funds over two decades.

Mayor Jim Burke made the announcement this morning during a special meeting of the Dixon City Council, during which the council approved the settlement.

The agreement was reached Friday in Chicago, Burke said.

Including about $10 million more the city expects to receive from the sale of Crundwell’s assets, the city could recover about $50 million. The city’s attorneys will receive about $10 million from the settlement, meaning Dixon actually would recover about $40 million.

* Rita Crundwell…

* The Question: Caption?

       

58 Comments - Oswego Willy - Wednesday, Sep 25, 13 @ 1:12 pm: “Welp, it was a nice run …” - FirstStreet - Wednesday, Sep 25, 13 @ 1:13 pm: “Hold your horses…” - Ron Burgundy - Wednesday, Sep 25, 13 @ 1:15 pm: Feds: “Versace? Give us those glasses, lady!” - yepperdo - Wednesday, Sep 25, 13 @ 1:19 pm: Noone asked me to be a Lt. Gov Candidate - Nearly Normal - Wednesday, Sep 25, 13 @ 1:23 pm: “Guess it will be a while before I can get on my horse and ride into the sunset. What? That horse got sold along with saddle and bridle. Darn, I’ll have to drive my Cadillac. What? The cars and trucks were sold, too? OK, I will walk in my designer boots. What? Well, I’ll be. The Feds sold them, too. - OneMan - Wednesday, Sep 25, 13 @ 1:23 pm: If would have gotten away with it to if it wasn’t for that meddling Sheila Simon - Oswego Willy - Wednesday, Sep 25, 13 @ 1:28 pm: Whose Gonna Ride Your Sold Horses? You’re dangerous ’cause you’re dishonest You’re dangerous, because you bought what you want Well you left Dixon empty as a vacant lot For any spirit to haunt Hey hey sha la la Hey hey You’re an accident waiting to happen You’re a piece of glass left in a beach Well you tell them things I know you lied about too Then you leave Cash just out of reach Hey hey sha la la Hey hey sha la la Who’s gonna ride your Sold horses Who’s gonna save Dixon for me Who’s gonna ride your Sold horses Who’s gonna shame that heart of thee Well you stole it ’cause you needed the cash And you hid it ’cause you wanted a ranch Well you lied to us Though no asked you to Rita, do you feel shame Hey hey sha la la Hey hey sha la la Who’s gonna ride your Sold horses Who’s gonna save Dixon for me Who’s gonna ride your Sold horses Who’s gonna shame that heart of thee Oh, the deeper I spin Oh, the rider will sin for your Saddle soap skin Took a drive in the dirty rain To a place where the Cash called your name Under the trees the river laughing at you and me Hallelujah, heavens white rose The doors you open I just can’t close Don’t turn around, don’t turn around again Don’t turn around, your greedy heart Don’t turn around, don’t turn around again Don’t turn around, and don’t look back Come on Rita, don’t you look back Who’s gonna ride your Sold horses Who’s gonna save Dixon for me Who’s gonna help the town your stole from Who’s gonna Sell your place to me Who’s gonna ride your Sold horses Who’s gonna shame that heart of thee - Anon. - Wednesday, Sep 25, 13 @ 1:32 pm: This restitution is squeezing the life out of my budget, not that Squeezy cares. - Oswego Willy - Wednesday, Sep 25, 13 @ 1:32 pm: Wrangled. - Anon - Wednesday, Sep 25, 13 @ 1:34 pm: “Why the long face?” - Susiejones - Wednesday, Sep 25, 13 @ 1:45 pm: Damn!?@# - Cook County Commoner - Wednesday, Sep 25, 13 @ 1:46 pm: This is what I get for not following the Cook County corruption playbook. - Migos - Wednesday, Sep 25, 13 @ 1:48 pm: Versace-Versace, Versace-Versace… - Logic not emotion - Wednesday, Sep 25, 13 @ 1:48 pm: I worked harder and longer for that $54 million than those attorneys did for their $10 million; but I’m the one who gets criticized and punished! - Stones - Wednesday, Sep 25, 13 @ 1:51 pm: Heading off to the glue factory! - Oswego Willy - Wednesday, Sep 25, 13 @ 1:53 pm: Lassoed. - one of the 35 - Wednesday, Sep 25, 13 @ 1:53 pm: When I get back to my job in Dixon, I’ll make it all up. - Oswego Willy - Wednesday, Sep 25, 13 @ 1:54 pm: The $54 Milion Trick Pony. - Anon2 - Wednesday, Sep 25, 13 @ 1:54 pm: Before they pay these attorneys $10m they should check to see if they have an insurance policy that covers it. Metra;) - Arthur Andersen - Wednesday, Sep 25, 13 @ 2:04 pm: Rawhide - Jake From Elwood - Wednesday, Sep 25, 13 @ 2:07 pm: Educating Rita - anonymouse - Wednesday, Sep 25, 13 @ 2:11 pm: I hope Mike Madigan can save my rear! - MrJM - Wednesday, Sep 25, 13 @ 2:24 pm: “A Face for Radio Rodeo.” – MrJM - JC - Wednesday, Sep 25, 13 @ 2:29 pm: Home-grown in the country. You all thought corruption only happened in Chicago or Springfield? - Timmeh - Wednesday, Sep 25, 13 @ 2:31 pm: “I realize how many people I hurt, but I just don’t care.” - Six Degrees of Separation - Wednesday, Sep 25, 13 @ 2:37 pm: All’s well that ends well, except for Crundwell. - Ron Burgundy - Wednesday, Sep 25, 13 @ 2:46 pm: ALPOor.* - Our Magician - Wednesday, Sep 25, 13 @ 2:50 pm: “And I won’t even get the Illinois’ Governors Suite.” - dupage dan - Wednesday, Sep 25, 13 @ 2:55 pm: I am Frau Blücher (neigh winnnnnnney) - Jake From Elwood - Wednesday, Sep 25, 13 @ 2:57 pm: AA wins. - Jake From Elwood - Wednesday, Sep 25, 13 @ 2:57 pm: AA wins. The only accountant that wins in this news story. - A guy... - Wednesday, Sep 25, 13 @ 2:59 pm: If it wasn’t so easy I wouldn’t have stolen a penny over $25 million. It’s like they were daring me. - Tommydanger - Wednesday, Sep 25, 13 @ 3:01 pm: Rita Does Dixon - AFSCME Steward - Wednesday, Sep 25, 13 @ 3:04 pm: Geez, $54 Mil & no plastic surgery - Tommydanger - Wednesday, Sep 25, 13 @ 3:04 pm: “Just answer the question Ms. Crundwell and remember ‘neigh’ is not an answer.” - siriusly - Wednesday, Sep 25, 13 @ 3:10 pm: Bears Coach Mark Trestman reacts to the Dixon settlement announcement. - dupage dan - Wednesday, Sep 25, 13 @ 3:12 pm: The picture found in the dictionary next to the definition of “ass”. - Nonplussed - Wednesday, Sep 25, 13 @ 3:17 pm: siriusly, nicely played, but take a look at Phil Emery. - Oswego Willy - Wednesday, Sep 25, 13 @ 3:31 pm: A fall from a High Horse can really leave you down. - The End Is Near - Wednesday, Sep 25, 13 @ 3:48 pm: Rode hard and put away (for nearly two decades) wet. - dupage dan - Wednesday, Sep 25, 13 @ 4:05 pm: Crumwell’s rein of terror is finally coming to a close. I bet she doesn’t get the joke one bit. She should never have been allowed to stirrup so much trouble. - dupage dan - Wednesday, Sep 25, 13 @ 4:08 pm: I didn’t know Versace was making blinders. Cute. - dupage dan - Wednesday, Sep 25, 13 @ 4:11 pm: Who’s your farrier? Neigha? - Training Day - Wednesday, Sep 25, 13 @ 4:31 pm: Chicago ain’t got nothin’ on me! - Downstater - Wednesday, Sep 25, 13 @ 4:31 pm: Say Hello to Blago! - too obvious - Wednesday, Sep 25, 13 @ 4:39 pm: My kingdom for a horse. - SAP - Wednesday, Sep 25, 13 @ 4:40 pm: At least Illinois doesn’t allow horse slaughter anymore. - Downstater - Wednesday, Sep 25, 13 @ 4:42 pm: The settlement, reached after a 17-hour negotiation that went into the early morning hours Saturday, calls for payments of $35.15 million from accounting firm CliftonLarsonAllen. If you looking for an accounting firm……. - dupage dan - Wednesday, Sep 25, 13 @ 4:43 pm: I got a whole crop of lines for this one. Halter I’ll post more. - too obvious - Wednesday, Sep 25, 13 @ 4:46 pm: The real crooks are the lawyers here. Seriously, $10 mil is absurd for a slam dunk case that would not have involved that many hours to settle. - zatoichi - Wednesday, Sep 25, 13 @ 5:06 pm: Not my fault. They should have told me. - OLD BRASS - Wednesday, Sep 25, 13 @ 5:27 pm: After all is said and done, 4 million profit for Rita….not bad, not bad at all. - backwoods - Wednesday, Sep 25, 13 @ 6:37 pm: Crundwell did not respond to her fellow inmates when she was asked to participate in a game of HORSE. - VanillaMan - Wednesday, Sep 25, 13 @ 6:46 pm: Look what you’ve done! I’m melting! Melting! Oh, my beautiful wickedness! Aaaaaaah! - foster brooks - Wednesday, Sep 25, 13 @ 7:03 pm: If i only didnt take that extended vacation… - Anonymous - Wednesday, Sep 25, 13 @ 7:25 pm: Sorry. Not much to give back. $54 million is nothink today: - H. Couture Beauty Mascara, $14 million - Gold Rush Nail Polish, $130,740 - Diamond-Studded Lipstick, $62,000 - Gold and Diamond eyelashes, $1,350 - Heart-shaped Mouawad gold purse, $3.8 million - Heavenly Star Bra by Victoria’s Secret, $12.5 million - See-through lace blouse, $1,295 See what I mean? But I look good. Yes? - Just The Way It Is One - Wednesday, Sep 25, 13 @ 9:25 pm: “Well, I guess it’s time for me to stop wearin’ Designer Glasses now–plus, they’re BOUND to be stolen in prison anyway….” - NotSoFast - Friday, Sep 27, 13 @ 5:49 am: No worries. Since it was her family that bought most of the assets that were seized, she’ll surely get them back in no time. So, let’s not all worry about her well-being too much. Sorry, comments for this post are now closed.