A New Jersey township says it lost approximately $26 million in a wire transfer theft involving funds intended to buy property for its affordable housing obligations. Investigators have frozen nearly $17.3 million in assets, but the remaining money is still unaccounted for.
Cranbury Township says it was the victim of a sophisticated $26 million wire fraud scheme tied to an affordable housing land purchase, with investigators freezing nearly $17.3 million in assets as the criminal investigation continues.
A New Jersey township lost a staggering $26 million in a fraudulent wire transfer -- but residents are furious that Democratic officials waited until three days after Election Day to disclose the massive theft.
Residents in a small New Jersey township are outraged after they were treated to a post-election surprise: Some $26 million was stolen in a fraudulent wire transfer and was kept secret for weeks until after they decided who would run the municipality at the polls.
CRANBURY, New Jersey (PIX11) -- A central New Jersey township says it lost approximately $26 million in a wire fraud scheme involving money set aside to purchase property for affordable housing. Cranbury Township officials said the financial theft happened Sept. 28.
