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Jewelry brings in a quarter million

Published: Monday, Feb. 25, 2013 3:40 p.m. CST • Updated: Monday, Feb. 25, 2013 3:42 p.m. CST

FORT WORTH, Texas – All that glitters is, well, gone.

The U.S. Marshals Service sold all 229 pieces of jewelry belonging to former Dixon comptroller Rita Crundwell and her boyfriend, Jim McKillips, for a total of $258,375.

The jewelry was sold at live and online auctions Saturday at the Forth Worth Convention Center in Forth Worth, Texas.

Marshals already have sold most of Crundwell’s assets, including properties, vehicles, boats, furniture and her herd of more than 400 prize quarter horses.

Minus costs, they’ve raised about $10 million.

Of her remaining assets to be sold, two contracts worth a total of $1 million for two of her Dixon properties are waiting to be finalized.

Her vacation home in Englewood, Fla., has received four offers, but each was lower than the asking price and was rejected. The marshals will interview real estate agents for the property this week, and it should go on the market for sale through the customary process.

Saturday, a man’s 14-karat yellow gold and diamond horseshoe-shaped ring sold the highest for $12,300 to a registered buyer in South Carolina. Crundwell bought the ring for McKillips; it had a liquidation value between $7,575 and $10,235.

A total of 190 bidders participated in the auction – 154 online and 36 in person. Five bidders were registered from Dixon.

The auction company will receive a 12 percent commission.

Crundwell, 60, was sentenced last week to 19 years, 7 months in federal prison for wire fraud. She is in Boone County Jail in Belvidere until the federal Bureau of Prisons determines where she will serve her sentence, which could take at least a month, according to online records.

Jason Wojdylo, chief inspector for the U.S. Marshals Service asset forfeiture division, said Dixon could see the revenue from Crundwell’s sold assets in several months.

The marshals must send notice to anyone who may have “an ownership interest” in the forfeited assets and allow them to file a claim.

Go to txauction.com to see what items sold for in the past weekend’s auction.

Comment on this story at www.bcrnews.com.

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