Former Far Hills Councilman Thomas Greenwald, who was netted during Operation Bid Rig, was sentenced to 20 months in federal prison today.
Thomas Greenwald, 54, pleaded guilty in May to conspiracy to commit money laundering and conspiracy to defraud the IRS.
Greenwald, who now lives in Chatham, had agreed to launder $700,000 for two people who turned out to be undercover FBI agents – money that he thought was from loansharking and gambling profits. He had planned to use the money to create false business expenses to write off and reduce his income taxes by $200,000 to $400,000.
Greenwald was introduced to the FBI agents by Monmouth County truck dealer Stephen Appolinia, who pleaded guilty in September after being charged with bribing former Middletown Committeeman Raymond O’Grady.
Greenwald also agreed to forfeit $25,900.