Dixon comptroller not seen since arrest

By WEEK Producer

April 27, 2012 Updated Apr 27, 2012 at 10:25 PM CDT

DIXON, Ill. -- It's more than a week since Dixon Illinois residents discovered their town Comptroller Rita Crundwell stole $30 million in city funds.

Crundwell's been released on bond, but no one's seen her, and the residents of Dixon have to be wondering how no-one noticed $30 million was missing over a six year period.

The Chicago Tribune reviewed the financial controls in place in Dixon and found them "abysmally weak", and a former IRS agent called it "a perfect storm of embezzlement".

Many people in town apparently believed Rita Crundwell's money came from horse-breeding when, in fact, that's where the money went.

Dixon's Mayor says he's been told the city will get some of the money back.

"The FBI has told us that but I would think that the city would recover a substantial part of the assets with this," Mayor Jim Burke.

One upshot of the Crundwell embezzlement is that the Illinois Government Finance Officers Association has warned its members to check out how strong the financial controls are in their communities.