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Ex-CFO Spent Company Money on Mortgage, Donkeys: Feds

Federal prosecutors have charged the former chief financial officer of a New Jersey construction company with spending money he stole from the business on his mortgage, a BMW and six donkeys. So reports NJ.com.

A grand jury indicted 38-year-old Jonathan Baker, who held high-ranking positions at two companies, on five counts of wire fraud and three counts of money laundering, U.S. Attorney Craig Carpenito announced.

Baker faces a potential penalty of 30 years in prison plus fines of more than $500,000.

Read the full article from NJ.com.

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