Gold Bars In Menendez Case Linked To Alleged Co-Conspirator

Federal authorities have linked four gold bars recovered from the residence of embattled Sen. Bob Menendez (D-NJ) to gold bars belonging to businessman Fred Daibes, one of the men accused of bribing Menendez.

Back in 2013, Daibes alerted authorities to an armed robbery, during which he lost $500,000 in cash and nearly two dozen gold bars. The police were able to apprehend the suspects, and Daibes had his property, including the gold bars, returned to him. According to authorities, each gold bar had a unique serial number, and no two bars were alike.

Confirming the distinctiveness of the gold bars, Daibes himself had stated, “Each gold bar has its own serial number. They’re all stamped… you’ll never see two stamped the same way.”

Fast forward to about ten years later, and officers have found a similarity between the serial numbers on four of the gold bars from 2013 and the ones on four of the gold bars discovered during a search of Menendez’s home in 20.

For NBC Legal Analyst Danny Cavellos, the discovery “spells bad news for Sen. Menendez because the chain of custody — it appears — is going to be really easy to prove up.”

The federal indictment against Menendez alleges a corrupt relationship with several New Jersey businessmen, including Daibes, Wael Hana and Jose Uribe. These individuals allegedly paid bribes to Menendez to the tune of hundreds of thousands of dollars in exchange for his political influence and power as a senator.

According to the indictment, the bribes were meant to both protect the businessmen and benefit Egypt.

The indictment also alleged the Senator was involved in a quid pro quo arrangement in which he attempted to influence the pending federal prosecution of Daibes in New Jersey between December 2020 and early 2022. He was meant to get “cash, furniture, and gold bars” in return, authorities say.

Menendez has, however, denied all allegations, as he called them “baseless” in his initial statement following the charges. However, calls for his expulsion from the Senate have arisen.

Sen. John Fetterman (D-PA) called for his expulsion last week, saying, “Senator Menendez, he needs to go… He has the right for his day in court and all that, but he doesn’t have the right to have those kinds of votes and things that — that’s not a right. And I think we need to make that kind of decision to send him out.”