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Edgewater NJ, The former chief executive officer of Mariner’s Bank and an accomplice both admitted their roles in improperly obtaining a nominee loan from the bank, Attorney for the United States Vikas Khanna announced.
Continue reading Former CEO of Mariner’s Bank and Accomplice Admit Roles in Bank Fraud Scheme
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Edgewater NJ,Fred Daibes, the North Jersey developer facing charges alongside U.S. Sen. Bob Menendez in an alleged bribery scheme, has requested a postponement of his trial date in a separate bank fraud case until after Menendez’s trial concludes.
Continue reading Developer Charged Alongside of U.S. Sen. Bob Menendez Seeks Postponement
file photos by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, NJ Senate Democrat Robert Menendez is in the hot seat again and this time his wife has also been indicted by a federal grand jury, according to court filings unsealed Friday, with prosecutors alleging” surprise ” the couple accepted lavish bribes in exchange for official acts.
Continue reading NJ Senate Democrat Robert Menendez Indicted Again!
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Englewood NJ, An Englewood, New Jersey-based real estate developer today admitted his role in a conspiracy to illegally obtain nominee loans from Mariner’s Bank, U.S. Attorney Craig Carpenito announced.
James Demetrakis, 79, pleaded guilty before U.S. District Judge Jose L. Linares in Newark federal court to an information charging him with one count of conspiracy to make false entries to deceive a financial institution and the FDIC.
Continue reading Bergen County Real Estate Developer Charged with Bank Fraud
file photo
the staff of the Ridgewood blog
Edgewater NJ, The former CEO of Mariner’s Bank and an accomplice both were charged today for their roles in a scheme to obtain nominee loans from Mariner’s Bank, U.S. Attorney Craig Carpenito announced.
Fred Daibes, the former CEO and Chairman of the Board of Directors at Mariner’s Bank, and Michael McManus, the CFO of Daibes Enterprises, a consortium of companies specializing in real estate development, were charged by a federal grand jury with one count of conspiracy to misapply bank funds and to make false entries to deceive a financial institution and the FDIC. Daibes, 61, of Edgewater, New Jersey, also was charged with five counts of misapplying bank funds, six counts of making false entries to deceive a financial institution and the FDIC, and one count of causing reliance on a false document to influence the FDIC. McManus, 61, of Madison, New Jersey, was charged with four counts of misapplying bank funds, one count of making false entries to deceive a financial institution and the FDIC, one count of causing reliance on a false document to the influence the FDIC, and two counts of loan application fraud. The defendants will have their initial appearances and arraignments at a later date.