The first of Rita Crundwell’s registered quarter horses are hitting the online auction block tomorrow.
The online sale, which is being handled by Professional Auction Services, includes a total of 93 horses. Ten horses originally scheduled to be sold online will now be sold in the live auction. Those horses include Mambo Italiano, Pass Me Good, I Will Be Brio, Raise Em Good, Kit Deluca, Good Weekend, Ms Mae Flash, Just Call Willy, Hotsum Man, and Doodle Jump.
Crundwell was a leading American Quarter Horse Breeder in the United States known for her many championships. She worked as the comptroller of Dixon, Illinois until earlier this year when she was indicted with fraudulently obtaining more than $53 million from the city, and using the proceeds to finance her horse breeding business and lavish lifestyle. She is charged with wire fraud, but has pleaded not guilty.
“Managing a herd this size since May has been challenging, but mostly the same caretakers and veterinarians that were managing the horses for the defendant have been managing the horses while they’ve been in Marshals custody. We are confident that we have maintained the value and quality of the herd for the thousands of people in the quarter horse industry who have been waiting for this opportunity,” said U.S. Marshal Darryl McPherson of the Northern District of Illinois.
The Feds say the cost of caring for Crundwell’s herd is estimated at $200,000 a month.
Those interested in bidding must register and submit a $250 deposit to participate. A 10% buyer’s premium will be added to purchase prices on horses up to $250,000. Horses that sell for more than $250,000 will have a buyer’s premium of 8% added to the final bid price. Illinois sales tax will also be added to purchases prices.
The live auction is scheduled for September 23 and 24 in Dixon.
If Crundwell is found guilty, the sales proceeds will be applied toward restitution for the city of Dixon.
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