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In the summer of 2009 the blog Gawker stated "Everybody in New Jersey Was Arrested Yesterday." Now for the first time, The Jersey Sting is the real story behind the biggest corruption bust in New Jersey's notoriously corrupt history.
Among the forty-four people arrested in July 2009 were three mayors, five Orthodox rabbis, two state legislators, and the flamboyant deputy mayor of Jersey City, Leona Beldini, once a stripper using the stage name "Hope Diamond." At the center of it all was a dubious character named Solomon Dwek, who perpetrated a $50 million Ponzi scheme before copping a plea and wearing a wire as a secret FBI undercover informant, setting up friends, partners, rabbis, and dozens of politicians. Mr. Dwek played his role like an extra in a mob movie. On surveillance tape, he repeatedly referred to his fraudulent "schnookie deals," which is Yiddish for, well, schnook.TED SHERMAN and JOSH MARGOLIN are award-winning reporters for the Newark Star-Ledger, whose work on this case won highest honors from the American Society of Newspaper Editors and were finalists for the Pulitzer Prize.
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