Solomon Dwek, a Monmouth County-based real estate developer and FBI informant who helped bring down former Hoboken Mayor Peter Cammarano, was sentenced today to six years in prison.
Judge Jose Linares handed down the sentence in Newark after hearing final arguments from the prosecutors and defense attorney in Dwek's trial.
Dwek was facing nine 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.
Dwek pleaded guilty in connection with his role in a scheme to defraud PNC Bank of more than $50 million in October 2009 and was charged with bank fraud and money laundering.
Dwek's time as an informant led to the arrest of 46 people including local government officials and rabbis, including the disgraced former Hoboken mayor.
Cammarano, former councilman Michael Schaffer, Councilman Michael Russo and former Public Safety Director Angel Alicea all met with Dwek to discuss illicit campaign contributions.
This is a breaking news story, and it will be updated once more information becomes available.