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

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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.

» Read more at Chicago Tribune
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  • http://members.iinet.net.au/~melbournecup/ descarado

    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.

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