Developer Charged with Cheating Bank Out of $22.8m ; Fbi: Worthless Checks Involved

The Record, Bergen County, NJ › May 12, 2006

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Summary

NEWARK A real estate developer was arrested on a federal bank fraud charge Thursday, accused of cheating a bank of about $22 million by trying to deposit two $25 million checks drawn on a closed account and then withdrawing nearly half the money.

Developer Solomon Dwek, the son of a prominent Monmouth County rabbi, was released on $10 million bond.

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Extract

Developer Charged with Cheating Bank Out of $22.8m ; Fbi: Worthless Checks Involved

The FBI complaint against Dwek, 33, of Ocean Township, followed two weeks of wrangling with PNC B...

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