Finance

I am very glad this Wall Street Journal story didn't carry a Unionville or Kennett Square dateline.
It seems that Rita Crundwell, the comptroller for Dixon, Illinois, is accused of embezzling $30 million from the city, using it to pay for her horse farm (she breeds and sells quarter horses), a $2.1 million motor home, a $60,000 Chevrolet Silverado pickup, and $2.5 million in credit card charges, including $339,000 for jewelry. The photo that accompanies the story shows Ms. Crundwell, wearing a white cowboy hat, with one of her horses at a competition. The fraud, which allegedly stretched back to 2006, came to light when a city worker filling in for Ms. Crundwell "raised questions about the city's bank statements."
"The funds Ms. Crundwell is accused of misappropriating amount to nearly $2,000 for each of Dixon's roughly 15,700 residents," the WSJ reporter calculated.