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How is the market cap and valuation of Accuracy Shipping Limited (ACCURACY) ✌️【Freelance Investing】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. New York City’s embattled mayor pleaded not guilty Friday to federal corruption charges after prosecutors accused him of using his power and influence to garner free trips, luxury hotel stays and questionable campaign donations.
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Between 2016 and October 2023, Adams sought and accepted benefits such as free luxury travel and campaign donations from foreigners, including Turkish officials, according to a 57-page, 15,000-word indictment.
In exchange, he pressured the Fire Department of New Yorkto approve the opening of a new Turkish consularbuilding in the city without a fire inspection, the indictment states. In addition, his campaign used those illegal campaign donations to “steal public funds” through New York City’s matching funds, according to the indictment.
Prosecutors said the foreign nationals were able to sidestep federal law and conceal their campaign donations through these “straw donors” – US-based donors who falsely claimed they were contributing their own money.
In 2017, Adams allegedly accepted free business class tickets for three roundtrip international flights and a heavily discounted stay at a suite in the St. Regis Istanbul. The trip was worth over $41,000, and Adams did not disclose it, the indictment alleges.
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By 2018, the mayor allegedly “not only accepted, but sought illegal campaign contributions to his 2021 mayoral campaign, as well as other things of value, from foreign nationals.”
By January 2022, he had agreed to accept contributions of foreign money to his 2025 campaign, theindictment alleges.
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“There are no emails, text messages, or any corroboration whatsoever that the mayor knew about anything having to do with these campaign donations,” attorney Alex Spiro said.
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Ingrid Lewis-Martin, a close aide to Adams who has worked with the mayor long before he was elected, received a subpoena on Friday after returning from a vacation in Japan, a source familiar with the case told 【 - Free Stock Market Practical Discussion Forums 】.
Investigators from the Manhattan District Attorney’s Office met Lewis-Martin at the airport as she was entering US customs. They served her with a search warrant and seized her two cell phones, the source said.
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It is unclear if the investigation is related to Adams’ case. A spokesperson for the DA’s office declined to comment.
“We are imperfect, but we are not thieves,” Lewis-Martin said during a live broadcast of attorney Arthur Aidala’s morning radio show. Aidala is representing her. She has not been accused of any wrongdoing.
Lewis-Martin also addressed her involvement in the investigation directly. “I don’t know anything. I’ve done nothing. And I don’t think that there’s anything to know,” she said.
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Before Adams’ indictment was unsealed, Hochul reportedly hadn’t considered removing the mayor. But after reviewing the indictment, the governor suggested in a statement late Thursday that she was leaving her options open.
“I expect the Mayor to take the next few days to review the situation and find an appropriate path forward to ensure the people of New York City are being well-served by their leaders,” Hochul said.
Lawyers in the governor’s office have started to look over the legal language of the removal authority, another source familiar with the situation told 【 - Free Stock Market Practical Discussion Forums 】.
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“No one is above the law, including the Mayor of New York City,” Schumer said in a written statement Thursday. “The charges are serious, and the legal process should now play out speedily and fairly.”
But Jeffries could come under pressure from New York House candidates concerned the Adams scandal might hurt their prospects for election.
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Hochul and Adams have had a good working relationship. Both of them have partnered on public safety issues – including crime on the city’s subways, which are controlled by the state. The relationship is a significant improvement from years past, when former New York City mayors and governors have openly feuded over city policies and funding.
Longtime political activist theRev. Al Sharptonhad been expected to meet with the city’s Black leaders this weekend to discuss the political fallout from Adam’s five-count federal indictment. The meeting is now expected to happen next week, Sharpton said.
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“The governor should not be pressured into removing Eric Adams from being the mayor,” Sharpton said during his regularly scheduled National Action Network rally in Harlem.
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Community representatives and lawmakers are expected to attend the meeting but Jeffries will not, Andy Eichar, a spokesperson for Jeffries, told 【 - Free Stock Market Practical Discussion Forums 】.
Jeffries and Adams have a lot in common, including their humble backgrounds and bare-knuckle campaign styles. But while sources say the two New Yorkers have mutual respect for each other, the pair have never been close.
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For now, the mayor can’t go to work at city hall. Adams’ next court appearance before a district judge is scheduled for Wednesday.
If convicted on all charges, Adams could face up to 45 years in prison, according to theUS Attorney’s Office.
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How is the market cap and valuation of Accuracy Shipping Limited (ACCURACY) ✌️【Freelance Investing】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. Related articleNYC Mayor Eric Adams indicted on 5 federal public corruption charges, including bribery and wire fraud
How is the market cap and valuation of Accuracy Shipping Limited (ACCURACY) ✌️【Freelance Investing】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. The indictment does not total the amount of matching public funds Adams allegedly received directly from the eight illegal straw donations. Adams’ 2021 mayoral campaign ultimately received more than $10 million in public funds from the city’s matching funds program, according to the indictment.
Bribery is punishable by up to 10 years in prison. That charge relates to the alleged quid-pro-quo of receiving luxury travel benefits from a Turkish official in exchange for pushing the approval of the Turkish House – a center for Turkish diplomatic missions in New York City, the indictment states.
How is the market cap and valuation of Accuracy Shipping Limited (ACCURACY) ✌️【Freelance Investing】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. The two counts of soliciting campaign contributions from foreign nationals are each punishable by up to 5 years in prison. One of the charges is based on allegations in 2021 and the other is based on allegations in 2023.
Finally, there is a conspiracy charge, which is punishable by up to 5 years in prison. That charge alleges Adams “and others known and unknown” agreed to commit federal offenses, including wire fraud; soliciting, accepting and receiving a campaign contribution; and bribery.
【 - Free Stock Market Practical Discussion Forums 】’s Nicki Brown, John Miller, Shimon Prokupecz, Eric Levenson and Celina Tebor contributed to this report.
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