U.S. Marshals Selling First 93 of Rita Crundwell’s Horses via Online Auction
US Marshals Press Release
Washington – The U.S. Marshals Service is selling the first 93 of the Rita Crundwell herd of quarter horses via an online auction starting noon Friday. The auction, at www.professionalauction.com, closes on Tuesday for 46 of the horses and Wednesday for 47 of the horses. A live auction to sell the remainder of Crundwell’s horses, more than 300, will take place in Dixon, Ill., Sept. 23 and 24.
Crundwell, 59, was one of the leading breeders of quarter horses in the U.S. Formerly the comptroller of Dixon, Ill., Crundwell has been federally charged with wire fraud in U.S. District Court in Northern Illinois. Crundwell’s indictment charges her with fraudulently obtaining more than $53 million from the city since 1990 and using the proceeds to finance her horse breeding business and lavish lifestyle.
“Managing a herd this size since May has been challenging, but mostly the same caretakers and veterinarians that were managing the horses for the defendant have been managing the horses while they’ve been in Marshals custody. We are confident that we have maintained the value and quality of the herd for the thousands of people in the quarter horse industry who have been waiting for this opportunity,” said U.S. Marshal Darryl McPherson of the Northern District of Illinois.
Should the government prevail in its civil and criminal actions against Crundwell, net proceeds from the sale of the defendant’s forfeited assets will be applied toward restitution to the city of Dixon.
For more information, pictures, terms and conditions on the auctions, go to
www.professionalauction.com.
For more information on the federal case, go to:
http://www.justice.gov/usao/iln/pr/rockford/2012/pr0501_01.pdf
http://www.usmarshals.gov/assets/2012/protective_order.pdf
To see other items being sold by the U.S. Marshals Service, go to:
http://www.usmarshals.gov/assets/sales.htm
The U.S. Marshals Service is responsible for managing and selling seized and forfeited properties acquired by federal criminals through illegal activities. Proceeds generated from asset sales are used to compensate victims, supplement funding for law enforcement initiatives and support community programs. As part of the Department of Justice’s Asset Forfeiture Program, the Marshals currently manage more than 19,000 assets with a value of $4.4 billion.