The tables have turned for former U.S. Senator and crypto critic Bob Menendez, who as soon as referred to as Bitcoin the “excellent alternative for criminals,” as he was sentenced to jail over ‘bribery expenses’ on Wednesday.
NJ Democrat Bob Menendez Jailed Over Corruption Prices
Former Democrat Senator from New Jersey, Bob Menendez, has been sentenced to 11 years in jail by a federal court docket in New York Metropolis for corruption. Menendez, who has served because the chairman of the U.S. Senate Overseas Relations Committee up to now, tearfully begged the court docket for “forgiveness” after being convicted of exchanging money, gold bars, and even a Mercedes convertible in trade for offering advantages to international governments and businessmen.
In response to experiences, Menendez’s lawyer, Adam Price, argued for a lesser jail stint, saying the responsible verdict had already broken Menendez’s fame sufficient.
“Regardless of his file of service, he’s now identified extra broadly as ‘Gold bar Bob,” Price mentioned, arguing in favor of a lesser jail time.
Menendez was discovered to have executed favors for Egypt and Qatar whereas middlemen bribed him and his spouse, Nadine, with money, gold bars, the luxurious automobile, checks for a no-show job and payouts to a pretend “consulting” agency.
The choose has commanded Menendez to report back to federal jail by Jun 6, 2025.
Crypto Neighborhood Trolls ‘Hypocrite’ Bob Menendez
After the information surfaced, Bob Menendez grew to become a goal for heavy trolling from the crypto neighborhood. Gold bar Bob had been identified for his anit-crypto stance, and even went on to name Bitcoin (BTC) as “the perfect alternative for criminals”.
President Nayib Bukele, a staunch advocate of Bitcoin who established a Bitcoin reserve for El Salvador, wrote, “The thief judges by his situation,” highlighting the hypocrisy of the previous senator. The senator had accused Bukele’s authorities of cash laundering whereas going through a bribery case involving gold bullion.
Este senador fue el gran referente de la oposición (portadas, reportajes, and so on.) cuando acusó a El Salvador de usar Bitcoin para el lavado de dinero y corrupción.
“El ladrón juzga por su condición”. https://t.co/R5El6BDY1p
— Nayib Bukele (@nayibbukele) January 30, 2025
Additionally Learn: El Salvador Congress Approves Reforming Bitcoin Regulation After IMF Deal
