Ex-Dixon comptroller Rita Crundwell pleads not guilty to taking $53M

May 7, 2012 (ROCKFORD, Ill.)

Prosecutors allege Crundwell used the money to finance her horse breeding operation and a "lavish" lifestyle. They allege she had been transferring Dixon's money to a secret account for more than two decades.

Crundwell will be represented by public defenders. Her attorney did not comment, according to the Associated Press.

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