New York City Mayor Eric Adams speaks during a press conference at the City Hall, after it was revealed that he received a fresh round of federal grand jury subpoenas, New York City, U.S., August 16, 2024.
Adam Gray | Reuters
New York City Mayor Eric Adams has been indicted on criminal charges in federal court in Manhattan, sources familiar with the matter told CNBC on Wednesday night.
Adams, a former New York City police officer and state senator, is being investigated by the Manhattan U.S. Attorney’s Office, which is eyeing whether his 2021 mayoral campaign conspired with the government of Turkey to funnel illegal donations into that campaign.
The New York Times on Monday reported that prosecutors had submitted grand jury subpoenas to City Hall, Adams, and his campaign in July demanding information related to four other countries: Israel, China, Qatar, South Korea, and Uzbekistan.
Earlier Wednesday, Rep. Alexandria Ocasio-Cortez, D-N.Y., called on the mayor to resign, saying the “flood of resignations and vacancies” resulting from various federal probes of administration officials “are threatening government functions.”
“For the good of the city he should resign,” Ocasio-Cortez said.
There are multiple federal investigations into Adams and people affiliated with him and his administration.
On Tuesday, city Schools Chancellor David Banks told Adams he expected to retire at the end of 2024.
Banks’ surprise announcement came weeks after federal authorities seized electronic devices belonging to him, his brother, Deputy Mayor Phil Banks, and his fiancee, Deputy Mayor Sheena Wright.
Another Banks brother, Terence, is being investigated by the Manhattan U.S. Attorney’s Office in connection with the allocation of city contacts worth millions of dollars to the companies who received them after hiring Terence Banks’ consulting firm.
The same federal prosecutors’ office is investigating whether James Caban, the twin brother of former New York Police Commissioner Edward Caban, exploited his ties to his brother and the NYPD to benefit his nightclub security business.
Edward Caban resigned as police commissioner on Sept. 12, a week after his own phone was seized by federal investigators.
Three days after Edward Caban resigned, Adam’s mayoral counsel and chief legal advisor Lisa Zornberg resigned, saying she had “concluded that I can no longer serve in my position.”
Last Friday, federal investigators executed search warrants at the homes of Thomas Donlon, the acting NYPD commissioner.
Donlon, who is a former top FBI counterterrorism official in New York, said this week that the investigators “took materials that came into my possession approximately 20 years ago and are unrelated to my work with the New York City Police Department.”
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