From the Star Ledger:
Solomon Dwek, the key witness in the massive federal corruption and money laundering sting that rocked the state’s political landscape, is expected to plead guilty today to charges in connection with a $50 million bank fraud in 2006 that first brought him to the attention of authorities.
Dwek, 36, is to appear first in federal court. Later in the day, he is expected to be in Superior Court in Monmouth County to plead to similar state charges, according to a person familiar with the investigation who did not want to be identified because he was not authorized to speak about the matter.
Officials at the U.S. Attorney’s office issued an advisory saying only that “a central figure” in the July 23 arrests of 43 people on public corruption and money laundering charges would appear in federal court Tuesday before U.S. District Judge Jose L. Linares in Newark. A spokesman for the office declined to answer questions and Dwek’s attorney did not return calls to his office.
Dwek was initially arrested on the fraud charges in May 2006 after he deposited a bogus $25.2 million check into a closed PNC Bank account he controlled. According to the original criminal complaint, Dwek went to a drive-in window at the bank’s Eatontown branch. The check was drawn on an account he controlled, but the account had been closed and had no money in it.