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The New Jersey developer convicted with Bob Menendez pleads guilty to bank fraud

Summary by MY Northwest
NEWARK, N.J. (AP) — A New Jersey real estate developer convicted alongside Democratic Sen. Bob Menendez this summer pleaded guilty to a separate bank fraud charge, prosecutors said Thursday. Fred Daibes, 67, entered the plea in U.S. District Court in Newark, the U.S. Attorney’s office said in a statement. He was charged with making false statements concerning a 2008 loan. While Daibes was chairman and CEO at Mariner’s Bank, he falsely said anot…
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Bob Menendez

Bob Menendez

Real Estate

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New Jersey

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