www.FinancialSurvivalNetwork.com presents:

Episode 185 deals with the massive fraud in Dixon, Illinois. Since 1983, the comptroller, Rita Crumwell, had a nice little racket going on. She stole over $53 million dollars, $30 million alone in the past 6 years. It's truly amazing this could go on for so long in a town of just 15,000 people, with a budget of $8-20 million dollars.

This story intrigued me because at some level this type of scam is happening in every governmental entity in the country. This is not to say that all government officials are looting between 10 and 25 percent of the budget outright. Sometimes it’s billions and sometimes it hundreds, but it’s going on all over he country, and its costing you a fortune. One has to wonder, could Mayor James Burke really be this stupid or is he part of the scam? Who else knew this theft was occurring? Hopefully these questions will be answered in the upcoming prosecution, but remember this is Illinois. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.

Direct download: TLR_186.mp3
Category:general -- posted at: 3:43 PM
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