Actions

Florida man gets 40 years for plotting bombs in Target stores, hoping to drive company's stock down

WFTS-Web-Default-Image_1280x720.png
Posted at 5:21 PM, Oct 17, 2018
and last updated 2018-10-17 17:21:30-04

OCALA, Fla. (AP) — A Florida man has been sentenced to 40 years in prison for planning to place bombs on the shelves of Target stores in an attempt to drive the company’s stock price down.

A federal judge in Ocala sentenced 50-year-old Mark Barnett on Wednesday. He was convicted in July of attempted arson and other charges.

Related: 

Florida man convicted of plotting bombs in Target stores

Police: Ocala man mad 10+ explosive devices, wanted to put them in several Target stores

Authorities say Barnett offered a confidential source $10,000 to place homemade bombs disguised in food packaging on Target store shelves from Florida to New York. Investigators found bomb-making materials at his house. The devices never made it to the stores since the confidential informant turned them over to authorities.

Authorities say Barnett had purchased options on Target stock that would pay out when the share price dropped.