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Man plotted to put bombs in Target stores

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Federal prosecutors say a Florida man planned to blow up several Target stores along the East Coast in an attempt to cheap stock in the company.

He faces a maximum of 10 years in federal prison. Authorities say he paid an informant $10,000 to place the bombs on store shelves from Florida to NY.

According to authorities, Barnett theorized that Target's stock value would plunge after the explosions, allowing him to cheaply acquire shares of stock before an eventual rebound in prices.

Authorities said Barnett created at least 10 of the explosive devices, disguised in food-item packaging, which he delivered to the source on February 9.

Barnett is now in the Marion County Jail on a violation of probation charge.

An expert from the Bureau of Alcohol, Tobacco, Firearms and Explosives later determined that the bombs were functional and could cause damage.

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It is not known at this time what kind of charges Barnett is facing, but according to the complaint, he is a convicted felon, and therefore can not possess firearms or explosives.

Mark Barnett is accused of trying to get a confidential informant to place 10 explosives down the east coast.

Federal agents raided Barnett's Ocala home and found components that could be used to create the explosive devices given to the confidential source.

Barnett's plan was ruined after the man he paid to assist him surrendered the explosive devices over to police.

According to ABC affiliate WFTV in Orlando, Barrett was already on probation and wearing a court-ordered Global Positioning System monitor for a number of felony offenses, including kidnapping, multiple counts of sexual battery with a weapon or force and grand theft.

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