NYC Mayor Eric Adams denied millions in campaign funds

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New York City Mayor Eric Adams denied millions in campaign funds

I look forward to defending myself, New York City mayor Eric Adams, once *** rising star in the Democratic Party now faces *** five count federal indictment. The conduct alleged in the indictment, the foreign money, the corporate money, the bribery, the years of concealment is *** grave breach of the public's trust. Prosecutors say Adams sold his office in exchange for thousands of dollars in illegal donations from foreign nationals along with gifts, luxury travel and premium hotel rooms. Adams forcefully denied the allegations, the leaks, the commentary demonizing and I asked New Yorkers to wait to hear our defense before making any judgments. The indictment lays out *** decade long scheme by Adams stretching back to his time as Brooklyn borough president. Since then, prosecutors say Adams solicited donations from Turkish nationals in violation of campaign finance laws. The indictment lays out *** number of alleged instances like one where *** staffer is communicating around *** potential $100,000 donation writing. I think he wouldn't get involved in such games. They might cause *** big stink. Later on, the Adams staffer allegedly responded, I'll ask anyways, Adams knew that these wealthy individuals could not legally donate in *** US election. Prosecutors allege Adams tried to hide the donations by funneling them through straw donors. The money multiplied by thousands of dollars in taxpayer funded matching funds once he took office, prosecutors say Adams used his power to pressure agencies to take favorable action to benefit Turkish officials. In one instance, the mayor directed the fire department to facilitate the opening of the new Turkish consulate which had failed to pass safety inspections. This building was important to the Turkish official and it was important to Turkey. Turkish officials under pressure from an impending visit by the Turkish president allegedly asked Adams to intervene. The building opened without incident. Prosecutors allege Adams took multiple trips to India, France, China and Ghana making critical stops in Turkey at one point, texting his partner, you know, first stop is always Istanbul during the trips, Adam stayed in luxury accommodations for free or at *** steep discount. According to prosecutors, he asked to pay *** nominal fee for all of this in order to disguise what we allege were. In fact bribes. The indictment also lays out how Adams would keep with an email that suggested that he left at *** minimum. Well, over $10,000 in cash in the Adams schedulers desk drawer to send to Turkish Airlines. When he learned federal prosecutors were investigating. Adams allegedly tried to conceal the evidence, directing staffers to delete messages. Federal agents spent more than three hours inside Adams's residence. This Morning Adams was named in the indictment. But since news of the investigations and impending charges broke into the open, several officials have tendered their resignations leaving critical agencies without steady leaders from here. My attorneys will take care of the case so I can take care of the city.

New York City Mayor Eric Adams denied millions in campaign funds

New York City Mayor Eric Adams’ reelection campaign has been denied millions of public matching funds, a major blow for the mayor who is seeking a second term despite facing a spring trial on federal corruption charges.The New York City Campaign Finance Board, an independent agency which administers the city’s taxpayer-funded program, issued its ruling on Monday, citing Adams’ legal troubles and a lack of adherence to their rules.“After thoroughly reviewing all available information, including the details of the indictment of Mayor Adams the board has determined that there is reason to believe the Adams campaign has engaged in conduct detrimental to the matching funds program in violation of law including the campaign finance act and board rules,” said Frederick Schaffer, chair of the board, during a public meeting on Monday.Adams has been accused of soliciting and accepting straw donations for his 2021 and 2025 campaigns. Prosecutors have said that Adams and his campaign sought out donations from foreign nationals and illegally funneled them into their campaign account. Adams has pleaded not guilty and denied any wrongdoing.The city’s campaign matching funds are designed to encourage candidates to raise small dollar donations from average New Yorkers rather than seek out large sums of money to help fund their campaigns. The program, although not mandatory, offers a generous eight-to-one match for small dollar donations.The decision means Adams will miss out on as much as $4.3 million dollars in public campaign funds for his 2025 campaign.“While today’s ruling by CFB to withhold matching funds at this time is disappointing, we will continue to work with the board to address any issues so that funds can be appropriately dispersed,” Adams’ campaign counsel Vito Pitta said in a statement to CNN. “The mayor’s campaign continues to have far more resources than his opponents’, and we are very confident we will have the support we need to spend the maximum amount allowable in the upcoming primary.”But the lack of funding is sure to put Adams at a significant disadvantage despite his incumbent status. New York City is the most expensive media market in the country, and the lack of funding could mean Adams will have to spend more time fundraising for big dollar amounts rather than campaigning.While the board’s decision is an obstacle for Adams, he is not the only candidate denied public money – at least for the next month.New York City Comptroller Brad Lander’s campaign missed a filing deadline and will not be eligible for matching funds until another meeting on Jan. 15.Lander, the city’s chief financial officer is among a handful of candidates challenging Adams in the upcoming primary.

NEW YORK —

New York City Mayor Eric Adams’ reelection campaign has been denied millions of public matching funds, a major blow for the mayor who is seeking a second term despite facing a spring trial on federal corruption charges.

The New York City Campaign Finance Board, an independent agency which administers the city’s taxpayer-funded program, issued its ruling on Monday, citing Adams’ legal troubles and a lack of adherence to their rules.

“After thoroughly reviewing all available information, including the details of the indictment of Mayor Adams the board has determined that there is reason to believe the Adams campaign has engaged in conduct detrimental to the matching funds program in violation of law including the campaign finance act and board rules,” said Frederick Schaffer, chair of the board, during a public meeting on Monday.

Adams has been accused of soliciting and accepting straw donations for his 2021 and 2025 campaigns. Prosecutors have said that Adams and his campaign sought out donations from foreign nationals and illegally funneled them into their campaign account. Adams has pleaded not guilty and denied any wrongdoing.

The city’s campaign matching funds are designed to encourage candidates to raise small dollar donations from average New Yorkers rather than seek out large sums of money to help fund their campaigns. The program, although not mandatory, offers a generous eight-to-one match for small dollar donations.

The decision means Adams will miss out on as much as $4.3 million dollars in public campaign funds for his 2025 campaign.

“While today’s ruling by CFB to withhold matching funds at this time is disappointing, we will continue to work with the board to address any issues so that funds can be appropriately dispersed,” Adams’ campaign counsel Vito Pitta said in a statement to CNN. “The mayor’s campaign continues to have far more resources than his opponents’, and we are very confident we will have the support we need to spend the maximum amount allowable in the upcoming primary.”

But the lack of funding is sure to put Adams at a significant disadvantage despite his incumbent status. New York City is the most expensive media market in the country, and the lack of funding could mean Adams will have to spend more time fundraising for big dollar amounts rather than campaigning.

While the board’s decision is an obstacle for Adams, he is not the only candidate denied public money – at least for the next month.

New York City Comptroller Brad Lander’s campaign missed a filing deadline and will not be eligible for matching funds until another meeting on Jan. 15.

Lander, the city’s chief financial officer is among a handful of candidates challenging Adams in the upcoming primary.

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