On July 14, 2011, the car theft charges were dropped. However, Dwek remained in the Essex county jail awaiting sentencing. On October 18, 2012, Dwek was sentenced to six years in federal prison for his conviction on bank fraud charges. On October 19, he received a sentence of four years in state prison for the separate fraud charges before the New Jersey Superior Court in Monmouth County. He served the two prison terms concurrently. In March 2015 he was released from prison.