Developer pleads guilty in NJ money laundering case

January 19, 2010 06:01PM

Real estate developer Shimon Haber has pleaded guilty to conspiring to launder between $10,000 and $30,000 (see the complaint below). Haber said that he, Isaac Friedlander and Michael Altman, whose hearings are pending, made contributions to the political committee of an unnamed Union, NJ official, in exchange for development approvals. A two-track undercover Federal Borough of Investigation probe into political corruption and international money laundering uncovered the conspiracy in July 2009. Haber is slated to be sentenced April 28, and could serve up to 20 years in prison and be fined $250,000. [Mortgage Fraud Blog] and [The Jersey Journal]
Haber Complaint

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