The case of Rita Crundwell

This video examines the infamous case of Rita Crundwell, the former city comptroller of Dixon, Illinois, who carried out one of the largest municipal frauds in U.S. history. It explores how the fraud went undetected for years, the warning signs that were missed, and the financial and organizational impact of the scheme.

The video also highlights the lessons finance professionals can learn from this case, including the importance of internal controls, regular reconciliations, and clear financial oversight. For organizations looking to strengthen their defenses against fraud, the story of Rita Crundwell serves as a powerful reminder of why vigilance and accountability are essential.