Quarter Horse breeder to be arraigned on charges of wire fraud (Updated)

by | 05.07.2012 | 10:07am

Rita Crundwell, the former comptroller of Dixon, Ill., will be arraigned today on charges of wire fraud for allegedly taking more than $53 million from the small town.  Prosecutors say she used the money to fund her Quarter Horse breeding program, one of the largest in the country, as well as live a lavish lifestyle. Crundwell's attorney declined to comment.

CBS Chicago reports that Crundwell has entered a “not guilty” plea at her arraignment.  She is due back in court on June 15.

  • I’ve been following this story for some time now and the recent update is that Judge Michael Mahoney has given authorities permission to start selling 401 horses belonging to Crundwell.

  • Guest

    401 quarter horses coming onto the market in perhaps six months to a
    years time. I wonder if that will drop the value of everybody else’s quarter
    horses.

Twitter Twitter