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.