All articles tagged with #eric adams
During New York City's 2022-23 migrant surge, prosecutors say Adams aides exploited the crisis by steering no-bid emergency shelter contracts to favored operators, reaping tens of millions in payments; Frank Carone was arrested for directing about $6.8 million to a hotel in exchange for roughly $120,000, with other aides and associates investigated for similar schemes amid ongoing oversight of migrant-relief contracts.
Federal prosecutors indicted Frank Carone, a longtime adviser to former NYC Mayor Eric Adams, and associates in a 13-count bribery and money-laundering scheme tied to emergency migrant-shelter contracts, alleging bribes funneled through Carone’s brother for steering a hotel in Long Island City to win a contract; the defendants pleaded not guilty and were released on bail as prosecutors note the contract ultimately generated over $6.8 million, highlighting ongoing investigations into Adams-era aides.
Federal prosecutors charged Frank Carone, a chief of staff to former NYC Mayor Eric Adams, and three associates with accepting bribes to steer a migrants’ shelter contract to a Queens hotel. The indictment alleges bribes, wire fraud, and money laundering, including a plan to fabricate evidence to masquerade bribe payments as a loan. Carone and others pleaded not guilty and were released on bail; prosecutors say Carone totalled about $120,000 in payments tied to the contract.
A federal grand jury charged Frank Carone, the former chief of staff to New York City Mayor Eric Adams, and three others in a bribery probe tied to a hotel owner’s migrant-shelter contract; prosecutors allege Carone helped steer a lucrative emergency-housing deal worth millions, with the money routed through a family law firm, while Adams himself faces no charges.
Former NYC mayor Eric Adams was granted Albanian citizenship and a passport by a presidential decree, following a visit to Albania where he praised Tirana and discussed collaboration with Prime Minister Edi Rama, underscoring stronger ties between Albania and New York.
New York City’s Law Department moved to withdraw city-funded legal representation for former Mayor Eric Adams in a decades-old sexual assault lawsuit after reviewing new evidence; Adams denies the allegations and could hire private counsel as the city’s defense fund faces mounting costs.
Mayor Mamdani warned of a $12 billion two-year budget shortfall, blaming former Mayor Adams for underfunding key services and pressing lawmakers to raise taxes on the wealthiest New Yorkers and corporations; while some experts acknowledge past gaps, many details on remedies will come with the Feb. 17 executive budget, as the city faces questions about how to close the deficit.
Frank Carone, a longtime confidant of ex-New York City Mayor Eric Adams, is reported as a partner behind the NYC Token crypto venture, which sparked controversy after a liquidity withdrawal and rug-pull accusations. Adams says his partners are listed on the token’s site (which has no listed partners), while reps deny wrongdoing. The episode drew commentary from crypto figures like Brock Pierce and Eddie Cullen, and continues to unfold as investigations and legal questions loom.
Former NYC mayor Eric Adams launched a city-themed cryptocurrency, NYC Token, aimed at funding anti-hate work; the token briefly surged to a near-$600 million market cap before a sudden withdrawal of about $2.5 million drew scrutiny and accusations of a rug pull, prompting Adams to bring in crypto investor Brock Pierce to salvage the project while some funds were later returned and questions about credibility linger.
Former NYC mayor Eric Adams, two weeks into life after leaving office, is promoting a New York City–themed cryptocurrency called NYC Token, traveling internationally to boost opportunities and criticize his successor while outlining charitable aims for antisemitism and anti-Americanism causes; his post-mayoral plans include private ventures and partnerships in crypto and global business, with not-yet-disclosed details about the token’s backers; Cuomo is pursuing a WABC radio show, while Adams insists he will not take a salary for now and will work for himself rather than a 9-to-5 job.
Former New York City Mayor Eric Adams promoted a Solana-based NYC Token intended to fund a non-profit and fight antisemitism; the token saw a rapid price rise and liquidation of about $2.5 million to USDC within an hour, leading to accusations of a pump-and-dump/rug pull, a pattern seen with celebrity-endorsed meme coins; Adams had previously backed crypto projects like NYC Coin during his tenure.
The NYC Token, backed by former NYC Mayor Eric Adams, peaked near a $580 million market cap but collapsed to about $130 million after a suspected rug pull; blockchain analytics flagged suspicious activity and a deployer wallet withdrew roughly $2.5 million in liquidity at the peak, with some funds not returned.
Eric Adams responded to Andy Cohen's drunken rant during CNN's New Year's Eve broadcast, criticizing Cohen for his behavior and suggesting he seek help for alcohol issues. Cohen had made disparaging remarks about Adams' tenure as mayor, which Adams publicly dismissed, emphasizing concerns about Cohen's conduct and health.
Andy Cohen criticized outgoing NYC Mayor Eric Adams during CNN's New Year's Eve broadcast, calling his tenure chaotic and party-filled, while also joking about Adams' efforts to reduce the rat population. Cohen's comments reflected his disapproval of Adams' leadership style and legacy.
During CNN's New Year's Eve broadcast, Andy Cohen, while drinking, criticized outgoing NYC Mayor Eric Adams, sarcastically telling him to 'go dance away' after his term, referencing a dismissed corruption case and his pardons, as the show featured raunchy banter and celebratory antics.