The sweeping bribery case brought against U.S. Sen. Bob Menendez includes allegations that he took cash and gold in exchange for interfering in a criminal case against a New Jersey real estate developer.
FILE - Developer Fred Daibes, center, appears at the hearing, Thursday, Sept. 17, 2015, for the home robbery defendants that attacked him in his Edgewater, NJ high-rise apartment, in Bergen Superior Court in Hackensack, N.J. Daibes is named as a co-defendant on a bribery indictment against U.S. Sen. Bob Menendez of New Jersey.
Daibes is now a key figure in a sweeping bribery case brought against Menendez, his wife and multiple other associates. It accuses Menendez and his wife of accepting hundreds of thousands of dollars worth of cash, gold bars and a luxury car in exchange for a range of favors, including secretly aiding the government of Egypt on U.S. policy matters and interfering in three criminal investigations, including the one involving Daibes.
Daibes and Menendez both rose to prominence as power players in the same stretch of urban communities across the Hudson River from Manhattan, where local politics and real estate have long involved favor-trading.In his home base of Edgewater, New Jersey, just up the river from Union City, where Menendez was once mayor, Daibes is widely credited with building out a “gold coast” of luxury high rises along the formerly industrial waterfront.
“This report is a cautionary tale concerning the inherent dangers of enabling an influential, politically-connected and unelected private citizen to hold outsized power in government concerns,” the commission wrote.
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