the staff of the Ridgewood blog
Edgewater NJ, in a jaw-dropping move, convicted New Jersey developer Fred Daibes sold his majority stake in the contaminated Quanta Superfund site in Edgewater for $135 million to a firm tied to Qatar royalty, just days before heading to prison in May 2025. The deal, linked to the explosive bribery scandal involving former Sen. Bob Menendez, raises questions about the future of this toxic wasteland and Daibes’ desperate financial maneuvers. Here’s the dirty truth behind this high-stakes sale and its ties to corruption in Bergen County!
