Solomon Dwek, a government informant who went undercover to help the federal government arrest 44 individuals as part of a probe of political corruption, money laundering and human organ trafficking, pleaded guilty to bank fraud and money laundering charges today.
Dwek, 37, admitted his plan to defraud PNC Bank out of more than $50 million. He faces a sentence of 108 to 135 months in federal prison in prison, although his cooperation in Operation Bid Rig and other federal probes is likely to win him a lighter sentence. Dwek is scheduled to appear in Superior Court at 1:30 today.
Tags: 50 Million, Bank Fraud, Cooperation, Federal Government, Federal Prison, Federal Probes, Fraud Charges, Government Informant, Human Organ Trafficking, Money Laundering Charges, New Jersey Politics, Pnc Bank, Political Corruption, Rig, Solomon, Superior Court