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A New Jersey town wired $26 million for property. Then something went terribly wrong
A New Jersey town wired $26 million for property. Then something went terribly wrong
A New Jersey town wired $26 million for property. Then something went terribly wrong

Published on: 11/10/2026

This news was posted by Oregon Today News

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Cranbury Township, New Jersey, lost about $26 million in a fraudulent wire transfer involving money intended for an affordable housing land purchase. Investigators have frozen or recovered much of the money as the investigation continues.

A small New Jersey town lost about $26 million after officials were given fraudulent instructions for a wire transfer connected to an affordable housing land purchase. The money disappeared Sept. 28, according to the Cranbury Township official statement.

News Source : https://www.oregonlive.com/nation/2026/11/a-new-jersey-town-wired-26-million-for-a-land-deal-then-the-money-vanished.html

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