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Frank Carone Charged with $120,000 Bribery in NYC Federal Indictment
RegulationBearish6/24/2026

Frank Carone Charged with $120,000 Bribery in NYC Federal Indictment

Frank Carone, former chief of staff to NYC Mayor Eric Adams, has been indicted for accepting over $120,000 in bribes to secure a city contract for emergency housing at a Queens hotel. The charges include bribery, wire fraud, and money laundering, targeting Carone, his brother Anthony, and hotel owner Yan Po Zhu. The contract was part of responses to the 2022 migrant crisis, where undocumented individuals were sent to New York. Carone influenced the city's decision after the hotel’s application was initially rejected, according to prosecutors.

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