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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
Gov. Murphy Picks Menendez Replacement: Report Gov. Murphy Picks Menendez Replacement: Report
Gov. Murphy Picks Menendez Replacement: Report George Helmy is expected to be named New Jersey's next senator, replacing Sen. Bob Menendez, D-NJ, Politico reported. Gov. Phil Murphy will be appointing his former chief of staff, a Jersey City native, to serve as a temporary replacement for Menendez, who resigned after being convicted of numerous felonies in a federal corruption trial.  Helmy previously served as Murphy's chief of staff and was also a former aide to New Jersey Senator Cory Booker. After leaving the governor's office in 2023, Helmy joined RWJBarnabas Health as an executive, according to his Linkedin. Menendez's resig…

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by Sam Barron
Politics
NJ First Lady Murphy Won't Accept Senate Appointment NJ First Lady Murphy Won't Accept Senate Appointment
NJ First Lady Murphy Won't Accept Senate Appointment As speculation swirls over who Gov. Phil Murphy will pick to replace Sen. Bob Menendez, who announced his resignation, one prominent Garden Stater is already saying "no thanks." Tammy Murphy, the wife of the governor who ended her Senate campaign earlier this year, said on Tuesday, July 23, she would not accept the temporary appointment. "I am completely focused on the critical work of boosting infant and maternal health, combating climate change, and uplifting the voices of those in greatest need," New Jersey's First Lady said. "I am confident the Governor will appoint a&nbs…

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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