Dixon holds town hall to discuss $40M settlement

Published: Friday, Oct. 4, 2013 7:41 a.m.CDT

DIXON — Residents of Dixon will get a chance to weigh in on how the northern Illinois community should spend $40 million it's getting as part of a legal settlement.

The (Dixon) Telegraph reports the city will hold a town hall meeting next Thursday to discuss the out-of-court settlement with a bank and auditor it had accused of not doing enough to expose former Comptroller Rita Crundwell's theft.

Dixon lost more than $53 million over two decades to the thieving former bookkeeper. Crundwell was sentenced to nearly 20 years in prison after she pleaded guilty to wire fraud.

The city also recouped about $10 million by selling off Crundwell's belongings, but it incurred $10 million in legal and other costs.

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