Crundwell Pension Funds Are Seized

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On September 24, 2014, thecity1.com began running an opinion poll asking, “Should Rita Crundwell keep her pensions?”  Surprisingly, only a dozen people responded.  Reasons for a lack of interest in that question could have made for another poll, but the results were decisive.  Options included

  • IMRF only–0
  • Nationwide Retirement Solutions only–0
  • No–9
  • Yes–3.

On Wednesday, January 21, 2015, our viewers’ majority opinion became a legal ruling against Crundwell.  See the Associated Press article below, dated Friday, January 23.

A Federal judge has ordered about $90,000 in retirement fund reimbursements owed to former Dixon[, IL,] comptroller Rita Crundwell be handed over to the court.

Crundwell’s attorney, Ruth Robinson, contested inclusion of those funds with the nearly $54 million restitution she was ordered to pay, after she pleaded guilty to wire fraud in November 2012.

The (Dixon) Telegraph reports U. S. District Judge Philip Reinhard rendered his decision Wednesday.

The money involved comes from two funds, the Illinois Municipal Retirement Fund and Nationwide Retirement Solutions.

If no taxes are withheld, the two funds will send a combined $90,565.86 to the U. S. District Court in Chicago[, IL].

Crundwell is serving a [sentence of] nearly 20 years in prison.

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