Ex-CFO of Illinois city pleads not guilty to taking $53M - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Ex-CFO of Illinois city pleads not guilty to taking $53M

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ROCKFORD, Ill. (AP) -- A woman has pleaded not guilty to charges that allege she stole more than $53 million from the Illinois community whose finances she oversaw for decades.

Former Dixon financial officer Rita Crundwell pleaded not guilty to wire fraud in a Rockford courtroom on Monday. She will be represented by public defenders.

Prosecutors contend that Crundwell had been transferring Dixon's money to a secret account since at 1990 and using the money to create one of the nation's leading horse-breeding operations and buy luxury homes, cars and jewelry.

Crundwell and attorney, Paul Gaziano, refused to comment on the case.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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