Several pieces of equipment from Rita Crundwell’s horse-breeding operation are being sold in an online “short-notice auction,” which ends at 7 p.m. Wednesday.
Crundwell is accused of stealing $53 million from the Dixon, Ill., over a 20-year period during which she served as the city’s comptroller. In addition to one federal charge of wire fraud, she faces 60 state felonies.
She has pleaded not guilty.
Included in this week’s online auction is a 2012 40-foot Featherlite enclosed horse trailer and equipment related to the breeding laboratory Crundwell maintained at her Dixon ranch.
To bid, go to professionalauction.com.
The U.S. Marshals Service, which took control of Crundwell’s 400-plus horse herd and other seized assets, put the animals up for auction in September. At the two-day sale at her ranch on Red Brick Road, 319 horses were sold, along with horse semen, tack and equipment.
Proceeds from the live auction totaled $4.78 million. Another $1.64 million in receipts was generated by an online auction of the remaining horses in her herd.
Also in online bidding, Crundwell’s luxury motor home, previously valued at $2.2 million, sold for $800,000. The buyer, Liberty Coach of Florida Inc., manufactured the coach, which had a half-dozen flat-screen TVs.
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So far, the U.S. Marshals Service has brought in $7.3 million in cash for the seized assets that have been approved for liquidation by a federal judge. Crundwell has not objected to the sales.
The U.S. Marshals Service is finishing details for the sale of the ranch, Crundwell’s home in Dixon, another in Florida and the contents of all the properties. Her personal property includes a considerable collection of expensive jewelry, court records show.
A portion of the money generated by the sale of her assets will be used to repay the Marshals Service for several months of caring for the horses.
If Crundwell is convicted or pleads guilty, the remainder of the money from the sale of her assets is to be paid to Dixon as restitution.