Dixon sues auditors in $53 million embezzlement case
June 12, 2012
Total Loss:
$53 million
The City of Dixon, stunned earlier this year when its longtime treasurer was charged with stealing more than $53 million over the last two decades, has filed a lawsuit against its auditors for missing the massive, decades-long embezzlement from the small town’s coffers.
The suit accused Janis Card Associates, an accounting firm based in Sterling, and its owner, Samuel S. Card, of professional negligence and negligent misrepresentation for overlooking the huge thefts since 2006.
Source:
Chicago Tribune
Posted in:
Internal Fraud