CliftonLarsonAllen has agreed to pay $35.15 million to settle a lawsuit with the city of Dixon, Ill., for failing to catch a long-running embezzlement scheme by the city’s former comptroller.
The Minneapolis-based firm’s predecessor Clifton Gunderson began providing services for the city, including auditing, accounting and payroll, in 1988. City comptroller Rita Crundwell reportedly began stealing funds from the city only a few years afterward, according to the St. Paul Pioneer Press, embezzling approximately $54 million over 22 years and spending the money to finance her horse farm and lifestyle while earning an annual salary of $80,000 from the city. Crundwell was sentenced to nearly 20 years in prison after pleading guilty to a wire fraud count.
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