New Jersey Real Estate Developer Sentenced to Over 3 Years in Prison for Economic Corruption

Altman, a Union City, New Jersey-based real estate developer, was sentenced today to 41 months in prison for offenses related to his arranging a $20,000 cash bribe to a Jersey City public official and laundering money he thought was criminally obtained, U.S. Attorney Paul J. Fishman announced.Altman, 41, of Monsey, N.Y., previously pleaded guilty to two counts of an indictment charging conspiracy to obstruct commerce by extortion under color of official right (count one) and conspiracy to launder money (count four). He entered his guilty plea before U.S. District Judge Jose L. Linares, who also imposed the sentence today in Newark federal court.

The extortion charge arose from a $20,000 bribe that Altman arranged for Solomon Dwek, who was working as a confidential witness for the government, to pay John Guarini, 61, of Bayonne, N.J., who served as a Jersey City Housing Department property improvement field representative. The money laundering charge arises from a scheme in which Altman, along with co-conspirators, used purported charitable, non-profit entities to

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