A finance officer siphoned off $30 million from the city of Dixon to fund a lavish lifestyle and a nationally renowned horse breeding business, according to an article from Bloomburg Businessweek.
Dixon, Ill., a city of about 16,000 people west of Chicago where Ronald Reagan grew up, has an annual budget of $20 million. Longtime comptroller Rita Crundwell allegedly stole $3.2 million since last fall alone, and misappropriated more than $30 million since 2006. She had control over all of the city's finances, which is a common arrangement in smaller cities and towns, Businessweek reports.