Cranbury Township, N.J., Discloses $26M Wire Fraud 39 Days After Theft, Three Days After Election
Cranbury Township, New Jersey, told residents on Nov. 6 that about $26 million was stolen in a fraudulent wire transfer on Sept. 28. Investigators have frozen nearly $17.3 million, leaving about $8.7 million outside the freeze, and the township has not said why it waited until after Election Day to disclose. The Township Committee takes up two new finance positions on Monday, Nov. 9.