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Episode 66: The Jersey Score

Case File

The Jersey Score

  • In this episode of American Greed … Solomon Dwek was a real estate mogul, a philanthropist and a big shot in the close-knit Syrian community of Deal, New Jersey. He was the son of a rabbi. But Dwek had no intention of following in his father's footsteps. Instead, he preyed on his own people and was the mastermind behind a $400 million investment scheme and a $50 million bank fraud. Dwek's empire grew, but his luck began to run out. The feds caught on and to avoid a prison sentence Dwek agreed to become an informant in the biggest case of corruption and greed in New Jersey history.

Web Extras

  • Money Laundering Scam     Monday, 23 Jul 2012 | 12:00 AM ET

    Attorney Dennis Kearney describes how Solomon Dwek would launder money through the Deal Yeshiva, a Jewish Day School in New Jersey.

  • Surveillance video of Solomon Dwek and Vincent Tabbachino, the former Guttenberg, New Jersey councilman who plead guilty to money laundering and was sentenced to a 41-month prison term.

  • Undercover video of Solomon Dwek and Leona Beldini, the former Jersey City Deputy Mayor, who was sentenced to three years in federal prison for two counts of bribery in connection with Dwek's supposed real-estate deals.

  • Dwek Plea Agreement Wednesday, 15 Aug 2012 | 5:37 PM ET

    Solomon Dwek’s plea agreement for his bank fraud arrest. (Source: Public Record)

  • Dwek Press Release Thursday, 16 Aug 2012 | 12:05 PM ET

    Read the U.S. Attorney’s Office Press Release detailing Solomon Dwek’s guilty plea to his bank fraud charges. (Source: Public Record)

  • PNC vs Dwek Wednesday, 15 Aug 2012 | 5:48 PM ET

    PNC Bank’s Complaint filed against Solomon Dwek (Source: Public Record)

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

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