Solomon Dwek is a convicted felon. Dwek was a former real estate investor who became an FBI informant. Contents. 1 Personal profile; 2. The book, released on March 15, was written by Ted Sherman and Josh Margolin and details Solomon Dwek’s ponzi scheme and how his cooperation with the. The book, released on March 15, was written by Ted Sherman and Josh Margolin and details Solomon Dwek’s ponzi scheme and how his.
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To keep reading please join our mailing list. The bankruptcy was converted to a Chapter 11 reorganization. Dwek testified for five days and cried on the stand under cross examination by Brian J. The New York Post.
Return to your home site. Retrieved 11 December Solomon Dwek, the man who helped the government pull off the biggest public corruption bust in New Jersey history, technically is looking at eight to 10 years in federal prison for his cooperation after pleading guilty to fraud and other charges in federal court in Newark this morning.
Solomon Dwek – Wikipedia
Millionaire, Patron and Now Informant. Those arrested by authorities included public officials, politicians, and three Orthodox Rabbis from a Syrian Jewish background.
Views Read Edit View history. Dwek was a former real estate investor who became an FBI informant. From there, the victims began to mount, as did the losses — into the hundreds of millions. Get important news about your town as it happens. You’ve read our articles so we know you like our reporting. PNC bank, along with two other financial firms filed an involuntary liquidation petition on Feb. Ex-Jersey City Deputy Mayor Beldini’s lawyer files brief that argues campaign contribution violations aren’t a federal crime and her bribery conviction should be dismissed.
As complaints mounted from people who said Dwek had conned them out of enormous sums of money, his options for avoiding prison shrank. Retrieved October 23, The Syrian Jewish community in Monmouth County, New Jersey where Dwek came from was surprised that he became a government informant against other Syrian Jews because the community has a long-standing unwritten policy of blanket solidarity.
COM was the first to identify Dwek as the key figure in the case See: For upstart mayor, it all began at the Malibu Diner.
Solomon Dwek, crooked developer turned FBI informant, pleads guilty in $50M fraud
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At the time of the sentencing Dwek’s lawyer noted that Dwek had six children, the youngest an eight-week-old baby. Born to a Sephardic Syrian Jewish family and a resident of Deal Parka neighborhood in Ocean Township, New JerseyDwek ran a real estate empire based on a pyramid scheme in and around Monmouth County under multiple business names, and was vice-president of the Deal Yeshiva, a non-profit Orthodox Jewish religious school which his parents founded.
Prior to his arrest, Dwek was well known for his philanthropy both inside and outside of the Jewish community; [ citation needed ] such as in when he befriended Ryan Michael Saberon, a 7 year old non-Jewish boy with terminal cancer whose medical and funeral expenses were paid by him.
However, Dwek remained in the Essex county jail awaiting sentencing. The investors defrauded by Dwek were also members of the local Syrian Jewish community.
Even his uncle filed a claim against Dwek, whose parents founded the Deal Yeshiva, a Jersey Shore religious school that teaches Sephardic Jewish children. Because Dwek was an unknown in this area, he was a natural for the sting. All told the FBI arrested 44 people, seven who pleaded guilty cwek public corruption and other charges.
Areests on an agreement between the government and Dwek, he is formally accepting from to months in federal prison.
Get the news you need to know on the go. Hidden camera films of him interacting with Beldini, were displayed as evidence. Given the fact that Dwek acted as an informant in Operation Bid Rig against individuals allegedly involved in organized crimeas well as his being under heavy security during his court appearances, it is likely he would be eligible to enter the United States Federal Witness Protection Program following his eventual release from prison after a future sentencing date.
This page was last edited on 29 Decemberat But a judge could chop that down, given the size of the fish that Dwek helped investigators catch.