NJ Sting Informant Gets 6 Years For Bank Fraud

Law360, New York (October 18, 2012, 9:42 PM EDT) -- New Jersey real estate developer Solomon Dwek, whose cooperation with authorities sparked dozens of money laundering, organ trafficking and public corruption convictions, received a six-year prison sentence Thursday over a plot to defraud PNC Bank of more than $50 million.

Dwek, who pled guilty in 2009 to bank fraud and money laundering, faced guidelines calling for a range of nine years to more than 11 years in prison. But prosecutors stressed the years he spent as a secret FBI informant and the 2,600 recordings he amassed...
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