Brooklyn Real Estate Mogul Pleads Guilty in Campaign Finance Scandal Involving NYC Mayor
Erden Arkan, a prominent Brooklyn real estate developer, has pleaded guilty to conspiracy charges related to illegal campaign contributions to New York City Mayor Eric Adams. The plea, made in Manhattan federal court on January 10, 2025, admits that Arkan colluded with a Turkish government official to funnel illegal donations into Adams' campaign.
Arkan confessed to reimbursing employees of his construction firm for their political donations, which were used to mislead the public matching funds program that benefits small-dollar contributions. He acknowledged, "When I wrote the checks, I knew the Eric Adams campaign would use the checks to apply for public matching funds."
The case stems from a broader investigation into Adams, who has been accused of soliciting bribes and receiving illegal contributions from foreign nationals. Prosecutors have stated that evidence, including recordings and emails, supports claims that Arkan conspired with a Turkish consular official to deliver these contributions.
Following his guilty plea, Arkan is expected to be sentenced in August, while Adams is scheduled to go to trial on April 21st, 2025. Despite the unfolding legal issues, the mayor has publicly maintained his innocence and commitment to serving in office.
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