By CARYN ROUSSEAU
small northern Illinois city that lost more than $53 million over two decades to its thieving former bookkeeper will recoup about $40 million, the mayor said Wednesday when announcing a legal settlement in the case.
Dixon will receive $40 million as part of a settlement with a bank and auditor it had accused of not doing enough to expose former Comptroller Rita Crundwell's scheme, Mayor Jim Burke said. The city also recouped about $10 million by selling off Crundwell's belongings, but it incurred $10 million in legal and other costs, he said.
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