- Associated Press - Wednesday, May 21, 2014

CAMDEN, N.J. (AP) - A former bank officer who accepted more than $50,000 in bribes return for assisting customers in corrupt financial transactions and bank fraud is now headed to federal prison.

Jose Dominguez of Newark was sentenced Wednesday in U.S. District Court in Camden to 18 months in prison. He also will have to serve three years of supervised release once he’s freed from prison.

The 47-year-old Dominguez had pleaded guilty to a complaint charging him with soliciting and accepting bribes in excess of $1,000 as a bank officer. He also pleaded guilty to a separate indictment charging him with bank fraud and conspiracy to commit bank fraud.

Prosecutors say Dominguez fraudulently helped a former Newark police officer obtain a $1.92 million commercial loan from a ban so they could buy apartment buildings in Elizabeth. The officer was convicted in June 2012 on charges of bank fraud, conspiracy to commit bank fraud, two counts of loan application fraud and bank bribery. He’s now serving a four-year prison sentence.

Prosecutors also say Dominguez solicited and accepted bribes from a bank customer who wanted to refinance some loans without paying significant prepayment penalty fees.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide