Tuesday, October 20, 2009
New Jersey Corruption Witness Dwek Pleads Guilty
Solomon Dwek, a real estate developer who worked as an undercover federal informant to build cases against 44 people in a crackdown on New Jersey political corruption, pleaded guilty to bank fraud and money laundering.
Dwek, 37, arrested in 2006 on a bank fraud charge, posed as a developer and titling company owner looking for business in the schools, court records show. He pleaded guilty today in federal court in Newark.
U.S. District Judge Jose Linares continued Dwek’s release on $10 million bond pending a scheduled Feb. 9 sentencing.
The bank fraud charge carries a maximum sentence of 30 years in prison and a $1 million fine. The money laundering charge could bring him 10 years in prison and a $250,000 fine.
Prosecutors are recommending he serve between 105 months and 135 months, U.S. Attorney Paul J. Fishman said in a statement.
Dwek admitted he and Joseph Kohen, of Deal, New Jersey, attempted to defraud PNC Bank of more than $50 million and laundered $22.8 million through other banks, Fishman said. Kohen pleaded guilty to bank fraud March 21, 2007.
Dwek deposited into a PNC account for his firm SEM Realty Associates LLC in April 2006 a $25 million check on an inactive account he controlled. After an employee at the Eatontown, New Jersey, branch told him the account was closed with a zero balance, he falsely said “corporate” would transfer money into the account to cover the check.
The following day he phoned in four fraudulent wire transfers to other banks totaling $22.8 million, Fishman said. Also that day he attempted to deposit another $25 million check into the account at a bank in Asbury Park. The bank didn’t honor or deposit the check, Fishman said.
Michael Himmel, Dwek’s attorney, declined to comment as he left the federal courthouse in Newark.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0kGPRq4Wn68
Dwek, 37, arrested in 2006 on a bank fraud charge, posed as a developer and titling company owner looking for business in the schools, court records show. He pleaded guilty today in federal court in Newark.
U.S. District Judge Jose Linares continued Dwek’s release on $10 million bond pending a scheduled Feb. 9 sentencing.
The bank fraud charge carries a maximum sentence of 30 years in prison and a $1 million fine. The money laundering charge could bring him 10 years in prison and a $250,000 fine.
Prosecutors are recommending he serve between 105 months and 135 months, U.S. Attorney Paul J. Fishman said in a statement.
Dwek admitted he and Joseph Kohen, of Deal, New Jersey, attempted to defraud PNC Bank of more than $50 million and laundered $22.8 million through other banks, Fishman said. Kohen pleaded guilty to bank fraud March 21, 2007.
Dwek deposited into a PNC account for his firm SEM Realty Associates LLC in April 2006 a $25 million check on an inactive account he controlled. After an employee at the Eatontown, New Jersey, branch told him the account was closed with a zero balance, he falsely said “corporate” would transfer money into the account to cover the check.
The following day he phoned in four fraudulent wire transfers to other banks totaling $22.8 million, Fishman said. Also that day he attempted to deposit another $25 million check into the account at a bank in Asbury Park. The bank didn’t honor or deposit the check, Fishman said.
Michael Himmel, Dwek’s attorney, declined to comment as he left the federal courthouse in Newark.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0kGPRq4Wn68
Comments:
Solomon Dwek is a true Kohen. He is a wealthy philanthropist, and a multi-billionaire.
The men that Solomon Dwek exposed are abhorrent. Solomon Dwek exposed those so-called ‘rabbis’ because of their corruption - and the Avodah Zara in question is Money. What would Solomon Dwek, the generous benefactor of those so-called ‘rabbis’ have had to gain by exposing those men? Use your logic. Even a little child would have been able to work this out.
Solomon Dwek is to be highly commended for his actions. He has uplifted the commendable principles of hessed and truth. Those so-called ‘rabbis’ were warned by Solomon Dwek 3 times, to clean up their act. They all blatantly refused to do so – three times. Solomon Dwek had no option but to expose those people pretending to be religious, and using the Torah as their cover and cloak as good guys when they are not.
The Dweks from Aleppo, Syria, ARE the only true Cohanim. You should know that any Lashon haRA – slander - on a true Cohen – is completely Assur.
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The men that Solomon Dwek exposed are abhorrent. Solomon Dwek exposed those so-called ‘rabbis’ because of their corruption - and the Avodah Zara in question is Money. What would Solomon Dwek, the generous benefactor of those so-called ‘rabbis’ have had to gain by exposing those men? Use your logic. Even a little child would have been able to work this out.
Solomon Dwek is to be highly commended for his actions. He has uplifted the commendable principles of hessed and truth. Those so-called ‘rabbis’ were warned by Solomon Dwek 3 times, to clean up their act. They all blatantly refused to do so – three times. Solomon Dwek had no option but to expose those people pretending to be religious, and using the Torah as their cover and cloak as good guys when they are not.
The Dweks from Aleppo, Syria, ARE the only true Cohanim. You should know that any Lashon haRA – slander - on a true Cohen – is completely Assur.
Comment Credit ---This article posted by 
: April 30, 2010 7:25 AM
: April 30, 2010 7:25 AM
