Newport loses $330K in fraudulent web scheme
Newport officials said the city lost $330,000 after an investigation found it was the victim of a fraudulent web-based scheme that resulted in the wrongful transfer of city funds.
Photo courtesy CITY OF NEWPORT
NEWPORT — Newport officials said the city lost $330,000 after an investigation found it was the victim of a fraudulent web-based scheme that resulted in the wrongful transfer of city funds.
The city has notified appropriate law enforcement authorities. The matter, which happened around Feb. 11, remains under active investigation, Newport officials said in a Thursday press release.