Bank fraud charge led to C.W.'s cooperation

Prosecutors say the cooperating witness in the money laundering and corruption sting that took down numerous New Jersey officials Thursday was felled himself by a bogus $25 million check. Real estate

News 12 Staff

Jul 24, 2009, 11:55 PM

Updated 5,570 days ago

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Prosecutors say the cooperating witness in the money laundering and corruption sting that took down numerous New Jersey officials Thursday was felled himself by a bogus $25 million check.
Real estate developer and son of one of the arrested rabbis Solomon Dwek was charged with bank fraud for an alleged scheme to defraud an Asbury Park PNC Bank out of millions. Once out on bail, sources say Dwek began cooperating and even wore a wire to bring down some of the higher profile names.
Dwek's bank fraud charge could carry up to 30 years in prison and a $1 million fine if convicted. No word has been released on what kind of plea bargain, if any, has been made for his cooperation.