U.S. prosecutors have charged New York City Mayor Eric Adams with bribery, fraud, and conspiracy related to a scheme involving Turkish officials. The indictment alleges that Adams accepted over $100,000 in illegal gifts, including luxury travel, from Turkish nationals in exchange for political favors. Among the accusations are accepting foreign campaign donations and using a false paper trail to qualify for public financing. Adams denies wrongdoing and plans to fight the charges. If convicted, he faces up to 20 years in prison.
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00:00It's Benzinga, and here's what's on the block.
00:02U.S. prosecutors have charged New York City Mayor Eric Adams with bribery, fraud, and
00:07conspiracy related into a scheme involving Turkish officials.
00:11The indictment alleges that Adams accepted over $100,000 in illegal gifts, including
00:16luxury travel from Turkish nationals in exchange for political favors.
00:20Among the accusations are accepting foreign campaign donations and using a false paper
00:25trail to qualify for public financing.
00:27Adams denies wrongdoing and plans to fight the charges.
00:30If convicted, he faces up to 20 years in prison.
00:33For all things money, visit Benzinga.com.