Official statement from the New York City Campaign Finance Board

NYC Mayor Eric Adams Faces Turmoil Amid $10 Million Indictment and Resignations

Oct 8, 2024, 12:05 PM

New York City Mayor Eric Adams is facing significant political turmoil following his indictment on bribery and campaign-finance charges. The indictment alleges that Adams obtained $10 million in public matching funds for his 2021 campaign under false pretenses, casting a shadow over his 2025 campaign's requests for more matching funds from the Campaign Finance Board. The federal investigation, which has been ongoing for over a year, has led to a series of high-profile resignations within his administration, including First Deputy Mayor Sheena Wright, Deputy Mayor for Public Safety Phil Banks, and several other key aides. The investigation has also implicated other close associates, including Mohamed Bahi, who was arrested for witness tampering and destroying evidence. Amid the chaos, Adams has appointed Maria Torres-Springer as the new First Deputy Mayor, praising her ability to lead during turbulent times. Despite the mounting challenges and Governor Hochul urging him to clean house, Adams has stated his intention to finish his term and run for re-election.