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U.S. Marshals To Sell First of Rita Crundwell Assets:
Luxury Motor Home
Washington – The U.S. Marshals Service is selling the first of Rita Crundwell’s assets, a luxury motor home, via a sealed bid sale. Crundwell, 59, has been federally charged with wire fraud in U.S. District Court in Northern Illinois.
The 2009 Liberty Coach Motor Home has a minimum bid of $1 million. Bids will be accepted until 2 p.m. CDT August 1. Public viewings will be available by appointment only on July 23 and July 27 from 1 to 2:30 p.m. CDT.
Crundwell, the former comptroller of Dixon, Ill., has been indicted for allegedly fraudulently obtaining more than $53 million from the city since 1990 and using the proceeds to finance her horse breeding business and lavish lifestyle.
Should the government prevail in its civil and criminal actions against Crundwell, net proceeds from the sale of the defendant’s forfeited assets will be applied toward restitution to the city of Dixon.
Note to media: Media access will be granted by appointment only during the public viewing dates and times: July 23 and July 27 from 1 to 2:30 p.m. CDT. Call (414) 297-1144/4486 to schedule an appointment.
For more information, terms and conditions on the motor home sale, go to www.usmarshals.gov/assets/2012/motorhome.html
For more information on the federal case, go to:
http://www.justice.gov/usao/iln/pr/rockford/2012/pr0501_01.pdf
http://www.usmarshals.gov/assets/2012/protective_order.pdf
The U.S. Marshals Service is responsible for managing and selling seized and forfeited properties acquired by federal criminals through illegal activities. Proceeds generated from asset sales are used to compensate victims, supplement funding for law enforcement initiatives and support community programs. As part of the Department of Justice’s Asset Forfeiture Program, the Marshals currently manage more than 19,000 assets with a value of $4.4 billion.
Additional information about the U.S. Marshals Service can be found at http://www.usmarshals.gov.
CHICAGO (AP) – Law enforcement authorities are selling the first of a large group of assets seized from a former city comptroller in northern Illinois who is accused of stealing millions in public funds.
The U.S. Marshals Service said Friday it is accepting bids on a luxury motor home that belonged to Rita Crundwell.
The 59-year-old Dixon resident is accused of misappropriating more than $53 million since 1990 to help support a lavish lifestyle and her nationally renowned horse breeding operation.
She has pleaded not guilty to wire fraud.
Bidding for the 2009 Liberty Coach Motor Home starts at $1 million and continues until Aug. 1.
Authorities have seized other assets, including 400 horses.
If Crundwell is found guilty, net proceeds from the sales will go toward restitution for the city of Dixon.
makes more sense to concentrate on sale of the horses, motorhome not eating, and need daily care. still haven’t figured this out, there the horses sit, costing everyone money. They could have had sale of a majority of the horses, wasn’t a sale already setup.?
A minimum bid of $1 million.? Someone is wishing big. Identical model and year units are for sale from Prevost for around $600,000. and that includes a warrenty. Sale terms are “as is , where is”
With over $400,000 still owing on the bus, I do not see any monies going to Dixon.
Now…what seems really funny is that the buss was supposedly sold for $2 million. I cannot find anywhere for sale an equivelant new model for anywhere near that kind of money. I cannot but wonder if the purchase of the bus was part of Crudwell diverting money to a safe account… eg if one of her friends set up a number company for her and then bought the bus for $1.2 million and then she bought it from the numbered company for $2Million…that would give $800,000 in cash for diversion. HMMMMMM…wonder how many of her other assets could have been purchaes that way. ?