Peoria Public Radio Staff
Wed September 25, 2013
Dixon approves $40 million settlement for embezzlement case
“We’re going to have a public meeting, we need to lay out what the financial impact is to the city, what kind of debts we incurred because borrowed a lot of money to keep paying our bills while all this was going on,” Burke says.
CCDixon’s attorneys will get about $10 million for their work. The city is waiting for another ten million in auction proceeds to be turned over by the federal government. Burke says the city also plans to go after more of Crundwell’s assets, including her share of her family’s farm in Dixon.