Rita Crundwell is accused of embezzling more than $30 million since 2006 from the village of Dixon.
Prosecutors say she used the money to fund an extravagant lifestyle that included breeding horses. She was one of the leading breeders in the country.
Ninety three of her Quarter horses are being sold in an online auction. A live auction of more than 300 other horses takes place later this month in Dixon.
