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Latest News Wires $53 million scam. Reagan's hometown robbed. Guilty plea?

$53 million scam could result in guilty verdict by former comptroller of Dixon, Ill. Prosecutors say Rita Crundwell's $53 million scam let her fund successful horse-breeding operation.

By Michael Tarm, Associated Press / November 14, 2012

Alex T. Paschal/Sauk Valley Media/AP/File

A former comptroller accused of stealing $53 million from her small northern Illinois city to fund a lavish lifestyle, including one of the nation's foremost horse-breeding operations, is expected to plead guilty on Wednesday, federal prosecutors said.