"A federal criminal investigation is ongoing into at least one of Eric Adams' top advisers - even as the former mayor is now out of office, with his past criminal charges dropped by the feds. Sources familiar with the matter say prosecutors in the Brooklyn U.S. attorney's office are leading the investigation into Frank Carone and his business dealings. When reached by NBC New York on Friday, Carone said he was unaware of any federal investigation."
"Carone, an attorney and Brooklyn Democratic power broker, was an instrumental figure in Adams' ascent to City Hall and his departure four years later. Carone chaired Adams' 2021 and 2025 campaigns for mayor and served as chief of staff in Adams' City Hall for a year before leaving to set up a lucrative consulting business. He has remained involved in Adams' post-mayoralty career moves including, reportedly, a controversial city-branded cryptocurrency sale."
A federal criminal investigation is ongoing into Frank Carone, centered on his business dealings and led by prosecutors in the Brooklyn U.S. attorney's office. Carone served as a close adviser to Eric Adams, chairing Adams' 2021 and 2025 mayoral campaigns and serving as chief of staff for a year. Carone left City Hall to establish a consulting business and remained involved in Adams' post-mayoral activities, including a reportedly controversial city-branded cryptocurrency sale. Carone says he is unaware of any federal investigation and that he has not been contacted by law enforcement. Several law enforcement agencies declined to comment. No charges have been filed; past scrutiny of Carone has occurred.
Read at NBC New York
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