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Weekly Roundup: New Jersey Businessman Guilty of Laundering, OTS Dings Two Banks for BSA, and More
printWhile an expected sanctions penalty by the Manhattan District Attorneys Office against a large financial institution has been postponed for another month, northeastern prosecutors saw the culmination of another high-profile financial crimes case this week with the guilty plea of a prominent New Jersey businessman for money laundering and bank fraud. More Real estate developer Solomon Dwek admitted on Tuesday in a federal court in Newark to defrauding the Pittsburgh-based PNC Bank of more than $50 million, according to published reports. Dwek's plea agreement involved his cooperation in a larger New Jersey corruption investigation that netted charges against 44 state...
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