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* 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?
posted by Rich Miller
Wednesday, Sep 25, 13 @ 1:09 pm
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“Welp, it was a nice run …”
Comment by Oswego Willy Wednesday, Sep 25, 13 @ 1:12 pm
“Hold your horses…”
Comment by FirstStreet Wednesday, Sep 25, 13 @ 1:13 pm
Feds: “Versace? Give us those glasses, lady!”
Comment by Ron Burgundy Wednesday, Sep 25, 13 @ 1:15 pm
Noone asked me to be a Lt. Gov Candidate
Comment by yepperdo Wednesday, Sep 25, 13 @ 1:19 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.
Comment by Nearly Normal Wednesday, Sep 25, 13 @ 1:23 pm
If would have gotten away with it to if it wasn’t for that meddling Sheila Simon
Comment by OneMan Wednesday, Sep 25, 13 @ 1:23 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
Comment by Oswego Willy Wednesday, Sep 25, 13 @ 1:28 pm
This restitution is squeezing the life out of my budget, not that Squeezy cares.
Comment by Anon. Wednesday, Sep 25, 13 @ 1:32 pm
Wrangled.
Comment by Oswego Willy Wednesday, Sep 25, 13 @ 1:32 pm
“Why the long face?”
Comment by Anon Wednesday, Sep 25, 13 @ 1:34 pm
Damn!?@#
Comment by Susiejones Wednesday, Sep 25, 13 @ 1:45 pm
This is what I get for not following the Cook County corruption playbook.
Comment by Cook County Commoner Wednesday, Sep 25, 13 @ 1:46 pm
Versace-Versace, Versace-Versace…
Comment by Migos 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!
Comment by Logic not emotion Wednesday, Sep 25, 13 @ 1:48 pm
Heading off to the glue factory!
Comment by Stones Wednesday, Sep 25, 13 @ 1:51 pm
Lassoed.
Comment by Oswego Willy Wednesday, Sep 25, 13 @ 1:53 pm
When I get back to my job in Dixon, I’ll make it all up.
Comment by one of the 35 Wednesday, Sep 25, 13 @ 1:53 pm
The $54 Milion Trick Pony.
Comment by Oswego Willy 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;)
Comment by Anon2 Wednesday, Sep 25, 13 @ 1:54 pm
Rawhide
Comment by Arthur Andersen Wednesday, Sep 25, 13 @ 2:04 pm
Educating Rita
Comment by Jake From Elwood Wednesday, Sep 25, 13 @ 2:07 pm
I hope Mike Madigan can save my rear!
Comment by anonymouse Wednesday, Sep 25, 13 @ 2:11 pm
“A Face for
RadioRodeo.”– MrJM
Comment by MrJM Wednesday, Sep 25, 13 @ 2:24 pm
Home-grown in the country. You all thought corruption only happened in Chicago or Springfield?
Comment by JC Wednesday, Sep 25, 13 @ 2:29 pm
“I realize how many people I hurt, but I just don’t care.”
Comment by Timmeh Wednesday, Sep 25, 13 @ 2:31 pm
All’s well that ends well, except for Crundwell.
Comment by Six Degrees of Separation Wednesday, Sep 25, 13 @ 2:37 pm
ALPOor.*
Comment by Ron Burgundy Wednesday, Sep 25, 13 @ 2:46 pm
“And I won’t even get the Illinois’ Governors Suite.”
Comment by Our Magician Wednesday, Sep 25, 13 @ 2:50 pm
I am Frau Blücher (neigh winnnnnnney)
Comment by dupage dan Wednesday, Sep 25, 13 @ 2:55 pm
AA wins.
Comment by Jake From Elwood Wednesday, Sep 25, 13 @ 2:57 pm
AA wins. The only accountant that wins in this news story.
Comment by Jake From Elwood Wednesday, Sep 25, 13 @ 2:57 pm
If it wasn’t so easy I wouldn’t have stolen a penny over $25 million. It’s like they were daring me.
Comment by A guy... Wednesday, Sep 25, 13 @ 2:59 pm
Rita Does Dixon
Comment by Tommydanger Wednesday, Sep 25, 13 @ 3:01 pm
Geez, $54 Mil & no plastic surgery
Comment by AFSCME Steward Wednesday, Sep 25, 13 @ 3:04 pm
“Just answer the question Ms. Crundwell and remember ‘neigh’ is not an answer.”
Comment by Tommydanger Wednesday, Sep 25, 13 @ 3:04 pm
Bears Coach Mark Trestman reacts to the Dixon settlement announcement.
Comment by siriusly Wednesday, Sep 25, 13 @ 3:10 pm
The picture found in the dictionary next to the definition of “ass”.
Comment by dupage dan Wednesday, Sep 25, 13 @ 3:12 pm
siriusly, nicely played, but take a look at Phil Emery.
Comment by Nonplussed Wednesday, Sep 25, 13 @ 3:17 pm
A fall from a High Horse can really leave you down.
Comment by Oswego Willy Wednesday, Sep 25, 13 @ 3:31 pm
Rode hard and put away (for nearly two decades) wet.
Comment by The End Is Near Wednesday, Sep 25, 13 @ 3:48 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.
Comment by dupage dan Wednesday, Sep 25, 13 @ 4:05 pm
I didn’t know Versace was making blinders. Cute.
Comment by dupage dan Wednesday, Sep 25, 13 @ 4:08 pm
Who’s your farrier? Neigha?
Comment by dupage dan Wednesday, Sep 25, 13 @ 4:11 pm
Chicago ain’t got nothin’ on me!
Comment by Training Day Wednesday, Sep 25, 13 @ 4:31 pm
Say Hello to Blago!
Comment by Downstater Wednesday, Sep 25, 13 @ 4:31 pm
My kingdom for a horse.
Comment by too obvious Wednesday, Sep 25, 13 @ 4:39 pm
At least Illinois doesn’t allow horse slaughter anymore.
Comment by SAP Wednesday, Sep 25, 13 @ 4:40 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…….
Comment by Downstater Wednesday, Sep 25, 13 @ 4:42 pm
I got a whole crop of lines for this one. Halter I’ll post more.
Comment by dupage dan Wednesday, Sep 25, 13 @ 4:43 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.
Comment by too obvious Wednesday, Sep 25, 13 @ 4:46 pm
Not my fault. They should have told me.
Comment by zatoichi Wednesday, Sep 25, 13 @ 5:06 pm
After all is said and done, 4 million profit for Rita….not bad, not bad at all.
Comment by OLD BRASS Wednesday, Sep 25, 13 @ 5:27 pm
Crundwell did not respond to her fellow inmates when she was asked to participate in a game of HORSE.
Comment by backwoods Wednesday, Sep 25, 13 @ 6:37 pm
Look what you’ve done!
I’m melting!
Melting!
Oh, my beautiful wickedness!
Aaaaaaah!
Comment by VanillaMan Wednesday, Sep 25, 13 @ 6:46 pm
If i only didnt take that extended vacation…
Comment by foster brooks Wednesday, Sep 25, 13 @ 7:03 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?
Comment by Anonymous Wednesday, Sep 25, 13 @ 7:25 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….”
Comment by Just The Way It Is One Wednesday, Sep 25, 13 @ 9:25 pm
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.
Comment by NotSoFast Friday, Sep 27, 13 @ 5:49 am