Menendez Convicted for Bribery After Claiming Bitcoin Was for Criminals

Senator Bob Menendez, who once called Bitcoin a choice for criminals, has been found guilty of bribery and corruption.
Menendez Convicted for Bribery After Claiming Bitcoin Was for Criminals
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Key Takeaways

  • Senator Bob Menendez found guilty on all 16 counts in corruption trial.
  • Menendez accused of accepting bribes including cash, gold bars, and a luxury car.
  • Senate Majority Leader Chuck Schumer calls for Menendez’s resignation following the verdict.

Sen. Bob Menendez Found Guilty in Corruption Trial

Senator Bob Menendez, a key political figure from New Jersey, was found guilty on all 16 counts in his corruption trial on Tuesday. This verdict marks a significant downfall for the senator, who has been a prominent voice in Washington D.C.

Federal prosecutors accused Menendez of accepting bribes, acting as a foreign agent for Egypt, obstructing justice, and extorting. The jury’s decision came after a two-month trial that exposed Menendez’s involvement in receiving cash, gold bars, and a luxury car in exchange for political favors.

The Senator previously called out Bitcoin, saying:

Because of the anonymous nature of bitcoin transactions, the digital currency is an ideal choice for criminals.

Outside the courthouse, Menendez expressed his disappointment, stating:

I have never violated my public oath.

Afterwards he announced plans to appeal the court’s decision. Despite his conviction, he intends to run for reelection as an independent, although the verdict has sparked discussions of an expulsion vote.

Menendez’s sentencing, set for October 29, could result in decades of imprisonment. The case has drawn widespread attention due to the extensive bribery scheme involving Menendez, his wife, and three New Jersey businesspeople. Notably, prosecutors highlighted Menendez’s role in advancing the interests of Egypt and Qatar while chairing the Senate Foreign Relations Committee.

Senate Majority Leader Chuck Schumer has called for Menendez’s resignation, reflecting the growing pressure on the senator to step down. If Menendez vacates his seat, New Jersey Governor Phil Murphy will appoint a replacement.

Menendez’s political career, which spanned five decades, now faces a grim end, overshadowed by one of the most severe corruption scandals in recent U.S. history.

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