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NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud Fred Daibes, a 67-year-old real estate developer previously convicted of bribing disgraced New Jersey Sen. Bob Menendez, pleaded guilty to bank fraud on Thursday, Sept, 5, authorities said. The former CEO and chairman of the board of directors at Mariner's Bank pleaded guilty in Newark federal court to making false entries in connection with a $1.8 million loan from his bank in 2008, US Attorney Phillip Sellinger said. Daibes said the line of credit was for someone else, when it was actually for his benefit, Sellinger said. The loan said the source of repayment would be from the p…

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by Sam Barron
Politics
Sen. Bob Menendez Announces Resignation Sen. Bob Menendez Announces Resignation
Sen. Bob Menendez Announces Resignation New Jersey Senator Bob Menendez submitted his letter of resignation on Tuesday, July 23. Menendez's planned resignation, set for Aug. 20, comes one week after his conviction on felony corruption charges.  A jury found the Democrat guilty on all 16 counts after prosecutors accused him of giving secret information and military aid to Egypt in exchange for various favors, according to a release by the US Department of Justice.  Calls for Menendez's resignation had reached a fever pitch following his conviction and the Senate Ethics Committee was preparing an investigation that could…

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by Sam Barron
Politics
NJ Sen. Bob Menendez Convicted Of Corruption NJ Sen. Bob Menendez Convicted Of Corruption
NJ Sen. Bob Menendez Convicted Of Corruption New Jersey Sen. Bob Menendez was convicted on corruption charges Tuesday, July 16. The jury found Menendez, a Democrat, guilty on all 16 counts after prosecutors accused him of giving secret information and military aid to Egypt in exchange for various favors, according to a release by the US Department of Justice. Menendez, a power broker in Hudson County and former chairman of the Senate Foreign Relations Committee had professed his innocence. The senator, first appointed in 2006, had already ruled out running as a Democrat in this year's election but said he was considering an independen…

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by Sam Barron