Sen. Menendez co-defendant pleads guilty to bribery, obstruction of justice - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 6, 2024 Newswires
Share
Share
Post
Email

Sen. Menendez co-defendant pleads guilty to bribery, obstruction of justice

UPI Top News

A co-defendant in the corruption case against Sen. Bob Menendez, D-N.J., has pleaded guilty.

Former New Jersey insurance broker Jose Uribe pleaded guilty Friday in Manhattan federal court to seven counts, which include conspiracy to commit bribery, honest services wire fraud, obstruction of justice, tax evasion and other charges.

Uribe was first indicted on two charges last fall, and his plea included five more charges. He originally was accused of gifting the senator and his wife, Nadine Menendez, a Mercedes-Benz in exchange for the senator's help in disrupting an insurance fraud investigation against him.

Judge Sidney Stein set Uribe's sentencing for June 14, which means it could come amid the trial of the Menendez's and the two remaining co-defendants, which is set for May 6.

Egyptian businessman Wael Hana and real estate developer Fred Daibes were charged alongside the Mendendez's and have pleaded not guilty.

Menendez pleaded not guilty in October to charges alleging he accepted bribes to act as a foreign agent to the Egyptian government between 2018 and 2022.

The charges alleged the Menendez's received "hundreds of thousands of dollars in bribes," gold bars, and a Mercedes in exchange for exploitation of their influence.

The senator has maintained his innocence and ignored calls for him to step down from Congress, but he did step down from his position as chair of the Senate Foreign Relations Committee.

"Everything I've accomplished I've worked for despite the naysayers and everyone who has underestimated me," Menendez said in September. "I recognize this will be the biggest fight yet. But as I have stated throughout this whole process, I firmly believe that when all the facts are presented, not only will I be exonerated, but I still will be New Jersey's senior senator."

Uribe's plea, however, affirms many of the charges against Menendez. The businessman on Friday admitted he lied to prosecutors that the payments he made for the car were a loan.

Prosecutors said the false statement was "an effort to interfere" with the investigation into Menendez.

Uribe also pleaded guilty to tax evasion for not reporting certain incomes between 2016 and 2021.

Older

5 Ways to Lower Your Prescription Drug Costs

Newer

Co-defendant of Sen. Bob Menendez pleads guilty in bribery scheme, will cooperate with feds [New York Daily News]

Advisor News

  • Advisors must lead the policy risk conversation
  • Gen X more anxious than baby boomers about retirement
  • Taxing trend: How the OBBBA is breaking the standard deduction reliance
  • Why advisors can’t afford to delay succession planning
  • 6 in 10 Americans struggle with financial decisions
More Advisor News

Annuity News

  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
More Annuity News

Health/Employee Benefits News

  • Auburn mayor, councilors ending their eligibility for city employee health insurance plan
  • Legislature advances bill that limits copays for Medicaid
  • Proposal limiting Medicaid copays passes 1st round
  • Many Virginians drop ACA coverage and more likely will, SCC hears
  • An uninsurance bomb is about to go off, and it will touch Orange County
More Health/Employee Benefits News

Life Insurance News

  • WHAT THEY ARE SAYING: KATHLEEN COULOMBE JOINS ACU AS CHIEF ADVOCACY OFFICER
  • A-CAP Appoints Kirk Cullimore as President of Sentinel Security Life
  • Nationwide enters centennial year stronger than ever
  • AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries
  • AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet