Contact Us

Second Sentencing For Solomon Dwek

Thursday’s six-year federal prison term for onetime Monmouth land speculator Solomon Dwek is, and isn’t, the end of the story.

The 40-year-old’s sentence given Thursday was for bank fraud and money laundering. Today, however, a Monmouth County Superior Court judge added four years for corporate misconduct.

The sentences will run concurrently, under terms of his plea agreement.

Dwek’s federal arrest led to his decision to become a government informant in what became the most massive corruption probe yet launched in New Jersey.

According to county prosecutors, Dwek borrowed $13,000,000 from a commercial bank in 2005 for property in New York City, convincing the lenders that the tract could be immediately resold at a substantial profit. He deposited the funds into an account belonging to SEM Realty Associates LLC, a company he fully controlled, said investigators.

Dwek, say authorities, then used $11,200,000 to pay real estate-related debts instead of the downtown Manhattan property. The move exposed him to the misconduct charge in his position as a corporate official.

Dwek’s negotiated pleas and combined sentences, says Monmouth Acting Prosecutor Chris Grammiccioni, takes into account his six years of cooperation with law enforcement.

Best of WOBM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WOBM Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WOBM Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.