New York City Mayor Eric Adams has become the center of a corruption scandal, making him the first sitting mayor in the city's history to be indicted.
Background Events
The indictment against Eric Adams remains sealed, with the specific charges currently unknown. According to a The New York Times report on September 25, sources familiar with the matter noted that Adams is expected to appear in court on September 26, when the indictment will be unsealed and details of the case will be revealed.
Eric Adams' Statement
Eric Adams has vehemently denied all allegations, stating to the New York Post his determination to prove his innocence. 'I always knew that if I stood my ground for New Yorkers that I would be a target — and a target I became,' Adams said.
Connection to Cryptocurrency
The charges followed an FBI investigation in November 2023, which searched Adams’ personal electronic devices concerning suspected illegal donations from the Turkish government in 2021. Eric Adams has been a long-time proponent of cryptocurrency and Bitcoin, taking his first three paychecks in BTC and Ether and promising to make New York the center of the cryptocurrency industry when he was elected in 2021.
The story is still developing, with more information expected to be released soon.
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