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Solomon Dwek Sentenced to Six Years in Prison for Bank Fraud and Money Laundering

Dwek cooperated with law enforcement investigations.

Solomon Dwek, a Monmouth County-based real estate developer and the owner of several properties in Monmouth and Ocean counties who pleaded guilty bank fraud and money laundering in 2009 for a ponzi scheme, has been sentenced to six years in prison today.

Judge Jose Linares handed down the sentence minutes ago in Trenton after hearing final arguments from the prosecutors and defense attorney in Dwek's trial.

Dwek was facing 9 to 11 years under his plea deal for his crimes, but his cooperation with federal investigators over the last few years helped him receive a reduced sentence.

This is a breaking news story, and it will be updated once more information becomes available.

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