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Vincent Tabbachino (FACEBOOK PHOTO)
Tabbachino, 69, of Fairview, was convicted last October of attempted extortion and bribery for offering and agreeing to give a corrupt payment to Ridgefield Mayor Anthony R. Suarez. (THAT STORY: CLICK HERE)
Tabbachino admitted Monday in U.S. District Court in Newark that he agreed to launder and conceal $125,000 for Solomon Dwek — who was working for the government in a bid to reduce a severe sentence for his own crimes — through a business account of Tabbachino Associates, in exchange for a 10-percent fee.
Dwek told Tabbachino that the money came from a counterfeit handbag business.
Tabbachino, a former police officer, admitted that he had Dwek make checks payable to the company, then paid the convicted developer cash, minus his commission.
To avoid filing forms that would attract IRS attention, Tabbachino said, he pulled out $50,000 on time and then $25,000 each three other times, all in early 2009.
As part of his plea deal with federal prosecutors, Tabbachino agreed to forfeit $32,000, including the $22,500 he gave Dwek as a final payment and more than $9,000 seized from the Tabbachino Associates bank account.
U.S. District Judge Jose L. Linares scheduled sentencing for Aug. 24, 2011 in Newark.
U.S. Attorney Paul J. Fishman credited special agents of the FBI and the IRS with making the government’s case, which was handled by Assistant U.S. Attorneys Mark McCarren and Maureen Nakly of Fishman’s Special Prosecutions Division in Newark.
ALSO SEE:
Hudson developer gets 2 years in federal prison in plot to bribe officials
Thursday, 14 April 2011 16:50 Jerry DeMarco
YOU READ IT HERE FIRST: A Union City real estate investor and property manager got two years in federal prison today for conspiring to launder money in order to make contributions to public officials in exchange for favors — as part of New Jersey’s largest public corruption case ever. READ MORE….
Crooked developer turned FBI informant pleads guilty in $50M fraud Tuesday, 20 October 2009 16:12 Jerry DeMarco
Solomon Dwek, the man who helped the government pull off the biggest public corruption bust in New Jersey history, technically is looking at eight to 10 years in federal prison for his cooperation after pleading guilty to fraud and other charges in federal court in Newark this morning. But a judge could chop that down, given the size of the fish that Dwek helped investigators catch. READ MORE….
EXCLUSIVE: Meet the cooperator behind N.J.’s biggest corruption bust ever
Thursday, 23 July 2009 13:12 Jerry DeMarco
Call it “Rabscam”: A key witness in a federal corruption probe against several North Jersey mayors and a group of Sephardic rabbis is a multi-million-dollar Jersey Shore developer gone bust, CLIFFVIEW PILOT has learned this morning, through extensive reviews of tapes and transcripts. “At least I bet on the right horse this time,” Solomon Dwek said, during one of several secretly recorded conversations he produced in the FBI sting. That horse would be the U.S. government. READ MORE….
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