Jury selection was set to begin in Ira Bernstein's trial, before he pleaded guilty to second-degree conspiracy with a promised sentence of 5 to 15 years in prison.
He will be sentenced on May 16.
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In September, Bernstein's girlfriend Kelly Gribeluk pleaded guilty to plotting with him to have his estranged wife run over in a way that would look like an accident.
Bernstein was arrested before the alleged plot could be carried out and pleaded not guilty at his arraignment on numerous charges.
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He was arrested in May 2015. Investigators from Ramapo and the district attorney's office described an elaborate plan using wiretaps, meetings and even cash payments to build a complicated case against the pair that led to their arrest.