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Woman Steals Millions from Ronald Reagan’s Hometown

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File photo of money.

File photo of money.

DIXON, Ill. (AP) – A northern Illinois woman accused of misappropriating more than $53 million from a city where she served as comptroller now faces 60 counts of felony theft.

Grand jurors in Lee County on Thursday indicted 59-year-old former Dixon official Rita Crundwell.

Each count accuses her of stealing more than $100,000 in government property and carries a possible punishment of up to 30 years in prison.

Before Thursday, Crundwell had faced just a single count of wire fraud in a federal case. She had pleaded not guilty.

Prosecutors say Crundwell siphoned the millions of dollars in taxpayers’ money into a secret bank account and used it to sustain a luxurious lifestyle as well as her nationally renowned horse-breeding operations.

Dixon is the boyhood home of the late President Ronald Reagan.

© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

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