Fraudsters cheated American city authorities out of $26 million.
The fraudsters convinced management in Cranberry, New Jersey, to transfer funds to dummy accounts. According to the Wall Street Journal, the administration was going to buy land to build affordable housing. The city authorities issued bonds, with which they managed to raise 26 million dollars. It is clarified that on the day of the purchase, the municipality received certain instructions. It later turned out that the fraudsters had provided the authorities with fake details.
It was reported that the police managed to intercept about 17 million dollars. It is not known where the remaining money is.