Sen. Robert Menendez (D-N.J.) will resign effective Aug. 20 following his conviction Tuesday for accepting hundreds of thousands of dollars in bribes.

Menendez submitted his resignation to the Senate on Tuesday.

Menendezs plan to resign was initially reported by the New Jersey Globe and The Washington Post. The senators office did not immediately return HuffPosts request for comment.

Menendez was found guilty of all 16 counts against him Tuesday at his federal corruption trial for accepting bribes of gold and cash from several New Jersey businessmen. The trial also found he was acting as a foreign agent for the Egyptian government.

In an indictment in the Southern District of New York, unsealed in September, the senator was found to have taken bribes including $100,000 in gold bars and $480,000 in cash in return for official acts aiding an Egyptian American businessman and the Egyptian government.