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October 4, 2022

Dixon, IL Record Breaking Embezzlement still making waves –

By John Kraft & Kirk Allen

On April 10, 2015

SPRINGFILED, IL. (ECWd) –

In February of 2015, the Illinois Department of Financial and Professional Regulations issue their determinations on several of the former auditors for Dixon, Illinois who were their contracted auditors prior to and during the largest municipal theft in the history of the Nation.

The IDFPR’s results are below:

ACCOUNTANT
Karl Appelquist, Champaign – licensed certified public accountant license (065-
022222) reprimanded and fined $5,000 because during the years 2002-2005, while acting as
CliftonLarsonAllen’s Audit Partner in overseeing the auditing services provided to
CliftonLarsonAllen’s client, the City of Dixon, Illinois, by CliftonLarsonAllen’s subordinate
public accounting audit staff, respondent failed to design audit procedures which would have
detected significant financial fraud during those years.

Samuel Card, Sterling – licensed certified public accountant license (065-022857)
placed in refuse to renew status for a minimum of 10 years for failing to design and perform
audit procedures within Generally Accepted Auditing Standards (GAAS), by placing
inappropriate reliance on the City of Dixon, Respondent’s audit client, and the City of Dixon’s
third party agent, the Public Accountant Firm, Clifton Gunderson LLP, who performed
bookkeeping, compilation and other financial services for the City of Dixon.

CliftonLarsenAllen, Peoria – public accountant firm license (066-004450) fined
$40,000 because during the years 2002-2005, Respondent provided auditing services to
respondent’s client through its public accountant staff to the City of Dixon, Illinois and
respondent failed to design audit procedures which would have detected significant financial
fraud during those years.

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4 Comments
  • ECWDogs
    Posted at 20:11h, 10 April

    Dixon, IL Record Breaking Embezzlement still making waves – http://t.co/bQ19qIVYNn

  • Who Checked
    Posted at 04:53h, 11 April

    Who checked the books Deana cooked at Arcola Township?Accountants hired by Corky and the board may want to answer questions about the motorcycle trip payed for by the taxpayers.

  • never been questioned before
    Posted at 07:31h, 12 April

    that’s what Bill Coombe and Corky Clark said about all this trouble they have gotten the Township into at the Taxpayers expence.how many times do you think that was said in Dixion?Deana has been there for 30 years,what does she know we don’t?

  • Lake Lady
    Posted at 11:33h, 12 April

    Deana knows nobody has the back bone to put her in her place,not Mark or anyone else,least of all Corky,her favorite puppet.

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