Washington Post
New Jersey town loses $26 million in ‘sophisticated financial theft’
Monday, November 9, 2026
A New Jersey municipality discovered a $26 million financial loss attributed to what investigators termed a sophisticated theft, with $17.3 million identified and frozen as of the investigation's latest update. The town's officials are continuing their investigation into how the funds were taken. No arrests or charges have been announced as of the report date.
Original reporting:
- Washington Post — New Jersey town loses $26 million in ‘sophisticated financial theft’