CHICAGO (CBS) — Feds who alleged a $30 million embezzlement scheme in Dixon, Illinois, now say the situation was $23 million worse than that.

A federal grand jury has returned a single count indictment charging Rita Crundwell with one count of wire fraud. The indictment charges she misappropriated over $53-million dollars from Dixon going back to 1990.

The 59-year-old Crundwell of Dixon had served as the town’s comptroller since 1983 and the indictment charges she used millions to support her RC Quarter Horse company.

The government seeks forfeiture of $53 million as well as 311 quarter horses, three houses, a horse farm in Dixon, a dozen trucks, a 67 Chevy Corvette and about $224,000 in cash.

LISTEN: WBBM Newsradio’s John Cody Reports

Watch & Listen LIVE