Federal prosecutors revealed that Erden Arkan, a Brooklyn real estate magnate, plans to plead guilty to conspiracy for funneling illegal campaign contributions to Mayor Eric Adams.
Prosecutors stated Arkan's plea involves conspiracy to commit wire fraud, with campaign contributions made under false names to fraudulently obtain public funding.
Arkan's ties to Adams were scrutinized following a search of his residence, alongside that of Adams' chief fundraiser and Turkish community liaison.
Despite the unfolding legal issues, Mayor Adams maintains a stance of innocence, with his attorney asserting the plea will not affect the Mayor’s case.
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