Great documentary on Netflix explains how one public official in Dixon, Illinois stole $53 million over 20 years. The scary part it, she might have gotten away with it.
The accounts were audited by a top 10 accounting firm who settled for $35 million.
The bank involved, 5th/3rd got away with settling for only $4 million.
Of course, the attorney continued to bilk the Village of Dixon for $10 million in legal fees to recoup $40 million.
One day, while the embezzler was gone from her desk, someone asked a simple question about an accounting discrepancy.
That’s when the “secret account” of horse owner Rita was discovered when she transferred millions every year to her own custody and control for purchases like clothes, jewelry, horses (of course), spa trips, vacations, etc.
The scary part is that many smaller towns and villages across the US could fall into the same…
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