The man who swindled at least $50 million from New Jersey banks and whose work as as an FBI cooperating witness will send dozens of people to prison now claims that he is mentally ill. Dwek is due to be sentenced for his bank fraud on October 18.
The Star-Ledger reports:
…In a federal court filing that included a clinical diagnosis of bipolar disorder and chronic high anxiety — as well as letters of support from Dwek’s family and friends —attorneys for the former real estate investor are looking to minimize the prison term he faces for bank fraud under the terms of a plea deal with the government.
Both the U.S. Attorney’s Office and Dwek’s attorney declined comment on the defense motion. Under federal sentencing guidelines, Dwek is currently facing a prison term of nine-to-11 years.…
The 94-page filing by Dwek’s attorney, Charles Uliano of West Long Branch, filed late Friday, said Dwek had a history of serious mental disorders. Jerome Rubin, a clinical psychologist retained by Dwek’s defense attorneys, concluded that he suffered from multiple mental illnesses, with a primary diagnosis of bipolar disorder.
"Before incarceration, his bipolar condition was characterized as having a very high energy output, mental excitement, racing thoughts, irritability, illusory thinking, efforts to engage in multiple activities at the same time, poor insight and inability to foresee consequences," Rubin wrote. "In my professional opinion, his criminal behavior was related to his chronic mental disorders."
He said Dwek had problems with high anxiety, struggling "with the rigor and intensity of his religious training, and turned to real estate as an escape.
"He began getting into the next business deal without regard to real estate costs, problems of development, rehabilitation, financing and sales," said Rubin. "For Mr. Dwek, buying and selling became the main source of psychological reward for him.”…
[Hat Tip: Mark from Short Hills.]