Tuesday, December 24, 2024
Year : 2, Issue: 17
ABC7 News: A Brooklyn real estate magnate accused of working with a Turkish government official to funnel illegal campaign contributions to New York City Mayor Eric Adams plans to plead guilty to a conspiracy charge tied to the scheme, federal prosecutors said Monday.
Erden Arkan, the owner of a real estate construction firm, was one of several individuals implicated in the sprawling corruption indictment brought against Adams in October. He would be the first to plead guilty in a public proceeding.
In court papers, prosecutors said Arkan planned to plead guilty to a charge of conspiracy to commit wire fraud by collecting campaign contributions for Adams that were made under the name of someone other than the true contributor.
Adams then used those funds to fraudulently obtain public funding under the city’s matching funds program, which provides a generous match for small-dollar donations, prosecutors allege.
