News: Rita Crundwell farm auction nets $4.7 million

Hundreds of quarter horses along with tack, trailers and farm equipment belonging to the former Dixon, Ill. comptroller were sold over the course of a two-day auction that concluded yesterday.

The highest dollar horse, a three-time world champion, sold for $775,000.

Crundwell is accused to having misappropriating more than $53 million dollars from the town of Dixon to support her horse breeding operation.

She has pleaded not guilty to a federal charge and also faces state┬ácharges. If Crundwell is found guilty the town and the U.S. Marshall’s Service will receive all proceeds from the auction.

[WHBF]

Leave a Comment

comments

Leave a Comment

Your email address will not be published. Required fields are marked *