Embezzling $53 MILLION: How Rita Crundwell Operated the Largest Municipal Fraud in American History

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  • Kent Holdett
    Kent Holdett  3 hours back

    $53,000,000 = about $210,000/mo. From a tax base of only 16,000 residents?
    Tax and spend....

    • Maria Laurel
      Maria Laurel  6 hours back

      Oh really, the largest fraud in American history? How about the trillions of dollars missing from the Pentagon right before 911? 911 was a cover up for the stolen money. Investigate that Devon Bruce.

      • yetijoeyetijoe
        yetijoeyetijoe  6 hours back

        I am going to hire this guy for my next employer performance review. He can explain the great job that I did better than I can.

        • Maria Laurel
          Maria Laurel  6 hours back

          How much has DC stolen from the US citizens since income tax was started? Investigate that...This women is a little fish, go after the big ones....

          • {// WTF! //}
            {// WTF! //}  6 hours back

            Illinois motto: "Land of rust, taxes, assholes and the best politicians money can buy"

            • Terrell Partlow
              Terrell Partlow  7 hours back

              Do someone knows if JLP did a segment on this topic?

              • Unenthusiastic Person
                Unenthusiastic Person  7 hours back

                Let me guess she was manipulated by some “EVIL” man. No woman does anything wrong there’s always some evil man forcing them to do evil things.

                • Slobodan Mihic
                  Slobodan Mihic  8 hours back

                  Must be a democrat

                  • William Owens
                    William Owens  15 hours back

                    Mr. Bruce understands auditing standards better, and can explain auditing better, than most CPAs.

                    • Peter Gambier
                      Peter Gambier  19 hours back

                      This was in 2014, it's now 2019, what's happened to Crundwell and where is she now?

                      • Peter Gambier
                        Peter Gambier  20 hours back

                        Even I have an accountant and I am a single person trader, so this town was really stupid for not having one because they would have figured out that Dixon was being robbed.
                        Yet Rita had an accountant as well, so how come they never figured that out?
                        While I'm on the subject, if you knowingly sold worthless shares, shouldn't you be charged with fraud?
                        Now go back to 2006 to 2008, why were most of the US investment banks never charged with selling fraudulent shares which were called Triple 'A', especially one man in particular, Richard Fuld aka the Gorilla?
                        In Iceland they hired an American prosecutor and jailed all their fraudulent bankers, please tell me why nobody in the US were charged for their dodgy activity especially at the SEC?

                        • James Flynn
                          James Flynn  21 hours back

                          Sounds like something that's going on in Congress to.

                          • Mary Poppins
                            Mary Poppins  1 days back

                            So the government recovered $10-12 million from Rita. How did Rita spend the missing $45 million with no assets to show for it? Who's responsible for paying the balance? Rita has nothing going left. Is the accounting firm liable?

                            • bad Good
                              bad Good  1 days back

                              Little city of dixon of 16,000 had over 50 million in just one of multiple accounts. How many year's has the small government been stealing from the local people in taxes and ticket revenue?

                              • Bent Nickel
                                Bent Nickel  1 days back

                                Thank you so much for the TIPS !!! I've been stuck for so long on my little government job. Now I'm going to run for Treasuer !!! :-D :-D :-D

                                • LRY Logger
                                  LRY Logger  1 days back

                                  Corruption and greed is rampant in Illinois...… So the treasurer farmed out her job to an accounting firm. She really didn't do anything....any work. She just enjoyed a lavish, but parasitic, lifestyle stealing from the taxpayers. She should be behind bars for the rest of her life...… Anyone who was negligent in this case should also be punished.

                                  • Im Yu
                                    Im Yu  1 days back

                                    16,000 population. She stole over $33,000 from each resident.

                                    • Peter Orthmann
                                      Peter Orthmann  1 days back

                                      And in Western North Carolina, the FBI won't even look at evidence of a smaller heist by a local government. Great job people

                                      • Peregrine McCauley
                                        Peregrine McCauley  1 days back

                                        That amount misappropriated is chicken feed . She needs to take some lessons from Dick Cheney , Donald Rumsfeld , the Bushes , Larry Silverstein Et Al . It's not what you know , it's who .

                                        • Sri Yantra
                                          Sri Yantra  2 days back

                                          Damn she was doing good.

                                          • up to
                                            up to  2 days back

                                            stop walking away from the mic..........

                                            • Patricia Sanchez Webb
                                              Patricia Sanchez Webb  2 days back

                                              Crundwell didn't steal from the government. She stole from the people.

                                              • Darrell B
                                                Darrell B  2 days back

                                                where was the mayor? bet he got re-elected

                                                • S R
                                                  S R  2 days back

                                                  I have been embezzling money from my employer, a state government agency, between about one and three hundred thousand per year for the past 12 years. I am now in the sticky position whereby discontinuing to embezzle money may be the only way I could get caught. What am I supposed to do?

                                                  • Master Chief 00117
                                                    Master Chief 00117  2 days back

                                                    Bill de Blasio stole $1.7 Billion form the taxpayers in New York. Through his Wife mental health treatment. Nobody knows where the money went. They didn't keep receipts. I call the Biggest haul yet..

                                                    • Gary Snyder
                                                      Gary Snyder  2 days back

                                                      This is all a 'Collusion and Complicity' by a FallGuy with a host of Conspirators...While You and Me work at deadend jobs those Characters take us for Fools and always get us to Applaud....NO WAY THIS HAPPENED WITHOUT OVERSIGHT...A LEGITIMATE THEFT...Don't we all wish we could use the system this way!!

                                                      • gene coppedge
                                                        gene coppedge  2 days back

                                                        Hard to believe that this was just a simple mistake by the accounts and the opening of a bank account. The theft just went on for too long.

                                                        • Acts 13:41
                                                          Acts 13:41  2 days back

                                                          My first question is who did she blame? Husband, father, grandfathers, uncles, brothers, sons?

                                                          • papa Tutti
                                                            papa Tutti  2 days back

                                                            She wasn’t horsing around when she decided to steal money from the city.

                                                            • warpnin3
                                                              warpnin3  10 hours back

                                                              She was. did't you see the sizes of that horse trailer?

                                                          • Lance Milliken
                                                            Lance Milliken  2 days back

                                                            It's amazing how incompetent most local governments are

                                                            • Thomas Clinton
                                                              Thomas Clinton  2 days back

                                                              Lets trade california and illinois for greenland.

                                                              • Jane Mills
                                                                Jane Mills  2 days back

                                                                Love these Fraud cases, that's a lot of money - 53 Million Dollars embezelled. Presumably there was no one overseeing what she was doing, first mistake. She wasn't even a qualified Accountant. Horses cost a lot of money, and she was earning 80,000 Dollars a year, which is not a fantastic salary. Surely someone might have thought that an Equestrian hobby is not cheap, or was it just ignored. This is another case where she was allowed to use those accounts willy nilly so it's a bit late in the day to complain. Where was the yearly Audit?......she clearly was a sharp cookie relying on the fact that her Superiors weren't. Xx

                                                                • Arnulfo Marquez
                                                                  Arnulfo Marquez  2 days back

                                                                  At All Peoples Christian Center, in Los Amgeles the Accountant Charles Kim and CEO Saundra Bryant were and I suspect are still embezzling money from private donors. Easy to hide and no ever questioned her. Every year new car, trips and bought home worth over 4 million bucks.

                                                                  • Mic Well
                                                                    Mic Well  2 days back

                                                                    Women know how to use plausible deniability, ie; lie. It is a wonder you guys were not accused of sexual misconduct / Harassment. If this would have happen in 2019 you would have....

                                                                    • muh diversity
                                                                      muh diversity  2 days back

                                                                      I thought women are angels that do no wrong and are perpetual victims? According to feminists we should believe all women including this piece of gutter slime.

                                                                      • Jonathan L
                                                                        Jonathan L  2 days back

                                                                        This lady’s luck in pulling of the theft lasted for many years. Then it ran out abruptly.

                                                                        • Darlene Lopez
                                                                          Darlene Lopez  2 days back

                                                                          There's an old joke that should have had people looking at her suspiciously the moment she started doing horse shows: "How do you make a small fortune in horses? You start with a large one."

                                                                          • Sted
                                                                            Sted  2 days back

                                                                            This guys sounds just like Conan O'Brian lol

                                                                            • balbinder bains
                                                                              balbinder bains  3 days back

                                                                              its easy to look back and say we should have could have dosent work like that

                                                                              • J Polar
                                                                                J Polar  3 days back

                                                                                Illinois, need I say more.
                                                                                But they are catching up with New Jersey with corruption.

                                                                                • Agent 47
                                                                                  Agent 47  3 days back

                                                                                  You see all these white women running around town in their fancy clothes and Cadillac Escalades, and you wonder where they get the money for all that shit. 99% of the time, they're a white collar crook like this broad.

                                                                                  • sylar69691
                                                                                    sylar69691  3 days back

                                                                                    THIS IS WHAT HAPPENS WHEN YOU HIRE A FEMALE & LET HER HAVE ACCESS TO ANYTHING CONCERNING FINANCES!!! IF PEOPLE WANT TO FIX THIS PROBLEM, THE SOLUTION IS SIMPLE..... STOP HIRING FEMALES!!!! WHILE WE'RE AT IT, LET'S JUST TAKE FEMALES RIGHTS AWAY!!! IT WILL SAVE CIVILIZATION, FEMALE'S WILL LEARN AND ACCEPT THEIR PLACE (BY VIOLENT & BRUTE FORCE IF NECESSARY) & FEMALES WILL THANK YOU FOR IT IN THE LONG RUN!!!! #ENDWOMENSRIGHTS #REPEALTHE19TH #MAKEWOMENPROPERTYAGAIN

                                                                                    • Patrick Jones
                                                                                      Patrick Jones  3 days back

                                                                                      Is she going to jail

                                                                                    • Jay Dillon
                                                                                      Jay Dillon  3 days back

                                                                                      She managed to get $10 million out of em, even after "settling" ?? Pathetic.

                                                                                      • ben Whoisthis
                                                                                        ben Whoisthis  2 days back

                                                                                        No the town got 40 million from the accounting place in an out of court settlement and they also got 10 million from auctioning off her stuff. The town got the 10 million not her. So they got $50 million back from the 53 million. Not bad.

                                                                                    • Jim Schmidt
                                                                                      Jim Schmidt  3 days back

                                                                                      The equestians should have sensed she was too well-off

                                                                                      • T K
                                                                                        T K  4 days back

                                                                                        it's not stealing when you're taking back what was already yours...In Rita's case, it just got a little out of hand, probably to other hands as well, just spreading the love I suppose.

                                                                                        • MrHerbicat
                                                                                          MrHerbicat  4 days back

                                                                                          The real lesson is that it was $53 million dollars that never needed to be taken from taxpayers as it was $53 million that was not needed to operate.

                                                                                          • Jason Traxler
                                                                                            Jason Traxler  4 days back

                                                                                            It is both amusing and frightening how arrogant newly minted, wet-behind-the-ears accountants can be. In the case of bank auditors, who should have also caught this fraud, they don't understand a significant portion of the structure they are auditing. A competent auditor is worth her/his weight in gold, even more. Unfortunately, there are many incompetent auditors/accountants.