Weird News: 25 Million Dollar Check Bounces : The Real Estate Bloggers

Weird News: 25 Million Dollar Check Bounces

May 7th, 2006 • Related • Filed Under

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Can you really be so busy that you can not walk a 25 million dollar check into the bank? A real estate agent in Northern New Jersey deposited the check from  a closing in the drive through window,  and then the check bounced  causing 23 million dollars in  checks written against it to bounce.

A PNC bank branch in North Jersey waived its normal procedures and accepted for deposit a 25 Million dollar check at a drive-through teller window.

Real estate investor Solomon Dwek of Ocean Township often conducted large transactions that way. Turns out the check bounced big-time, but not before Dwek wired 23-Million dollars of PNC’s funds into other accounts.

The FBI has been asked to investigate. via 6ABC.com

Related posts:
  1. 25 Million Dollar Bounced Check Part Of Bigger Fraud?
  2. Solomon Dwek Arrested in Monmouth County Over 22.5 Million in Bounced Checks
  3. 103 Million Dollar Home Sale in East Hampton Sets Record For Residential Real Estate
  4. Countrywide CEO Mozilo Gives Up 40 Million Dollar Severance Package
  5. Mississippi County Preparing a 23 Million Dollar Package to Get Kia Plant



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  1. Comment by Tom on 7 May 2006:

    Spelling error in the title corrected. OOPS…

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