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Frank Carone

All articles tagged with #frank carone

politics26 days ago•10 min saved

Ex-Adams Aide Indicted in Migrant Shelter Bribery Scheme

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.

via Gothamist|

#bribery #eric-adams #frank-carone

politics26 days ago•5 min saved

Adams Aide Charged in Federal Bribery Case Linked to Migrant Shelter Contract

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.

via NBC New York|

#bribery #eric-adams #federal-indictment

politics27 days ago•79 min saved

Ex-Adams aide among four charged in federal bribery probe over migrant shelter deals

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.

via AP News|

#bribery #eric-adams #frank-carone

politics6 months ago•4 min saved

Adams ally linked to NYC Token amid liquidity shock and rug-pull scrutiny

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.

via New York Daily News|

#cryptocurrency #eric-adams #frank-carone