Cranbury Township Reports $26 Million Wire Transfer Theft, Recovers $17.3 Million
Cranbury Township, New Jersey, has reported a sophisticated financial theft involving an approximately $26 million wire transfer. The theft, which occurred on September 28, was intended for the purchase of property to fulfill the municipality's affordable housing obligations. A multiagency task force, led by the Cranbury Township Police Department and the Middlesex County Prosecutor's Office, is actively investigating the case with support from local, county, state, and federal law enforcement agencies. Investigators have successfully frozen nearly $17.3 million in assets as they work to recover the stolen funds. Township officials have stated that the criminal investigation is ongoing and further details cannot be shared at this time. Mayor Lisa Knierim emphasized the seriousness of the matter, highlighting the township's priorities of supporting the investigation, pursuing financial recovery, and maintaining municipal operations. Police Chief Giuseppe DeChiara reiterated the investigation's top priority ...