Accused embezzler's horse sells for $775K - WREX.com – Rockford’s News Leader

Accused embezzler's horse sells for $775K

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Think of it as a giant yard sale. The U.S. Marshals Service continues to sell off ex-Dixon comptroller Rita Crundwell's horses, to help return some of the $53 million she's accused of taking from the city. This auction is on her own property.

The value of he world champion bay stallion, 'Good I Will Be,' is just a fraction of what Crundwell allegedly stole. For the stallion's new owner, Sandra Morgan $775,000 is a good chunk of change, but her agent says he's worth it.

"The price is, of course, a lot of money, but the opportunity to buy something like this is absolutely priceless." -says Sandra Morgan Quarter Horses Agent & Manager Stephen Stephens, who traveled from Weatherford, Texas to purchase the horse, which is just one of over 300 being sold at the two-day auction.

Horse tack, equipment, and trucks used to transport from show to show are up for grabs as well. One investigator says there's plenty more of Crundwell's purchases to sell all over the country.

"We have other assets we have to liquidate, we have real property, vessels, vehicles. We have assets in Florida, Wisconsin, and here in Illinois." -says USMS Chief Inspector Jason Wojdylo.

The fate of the final dollar amount USMS generates lies within the federal judicial system.

"The court will proceed with the litigation, and at the conclusion of the case, they will direct us what to do with the money." -adds Wojdylo.

One potential buyer, whose wife showed horses against Crundwell, could use the auction to pick up some new stock. He's got his eye on a yearling.

"We're looking forward to the end of the day, and hopefully we'll take a horse home." -says Bob Swita, who traveled from Mosinee, Wisconsin to attend the auction.

Despite the accused embezzlement, Swita stays optimistic for Dixon's taxpayers.

"It should really make them feel good that at least some of it's coming back, and it's going to help in some way." -he adds.

That same optimism is found in buyers with slightly bigger price ranges.

"I hope that this little bit gives back to Dixon." -says Stephens.

The live auction continues at Rita Crundwell's ranch, 11 a.m. Monday.

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