Construction executive to plead guilty to illegal campaign donations

Investing.com -- A construction executive, Erden Arkan, accused of making illegal contributions to the campaign of indicted New York City Mayor Eric Adams, plans to enter a guilty plea, according to court records disclosed on Monday. The businessman is facing charges for his role in channeling "straw" donations to Adams' successful 2021 mayoral campaign. These donations are those made in the name of someone other than the true donor.

Arkan has indicated his intent to admit to one count of conspiracy to commit wire fraud, as stated by federal prosecutors in Manhattan. This guilty plea could potentially strengthen the prosecutors' case, which is set to go to trial on April 21.

Alex Spiro, a lawyer representing Mayor Adams, has not immediately responded to a request for comment regarding the matter. Similarly, Nicholas Biase, a spokesperson for the U.S. Attorney's office in Manhattan, has declined to comment.

This development comes as Mayor Adams is preparing for an April trial amidst his re-election campaign.

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Source: Investing.com