New York City Mayor Eric Adams has created his own legal defense fund, The Eric Adams Legal Defense Trust, amid ongoing investigations surrounding his mayoral campaign. The purpose of the fund is to enable the mayor to receive donations of up to $5,000 outside of the standard campaign period. The law requires Adams to disclose contributors who donate $100 or more, and prohibits his government subordinates and anyone doing business with the city from donating.
The fund’s creation is in response to a probe by the United States Attorney for the Southern District of New York related to the alleged influx of foreign funds into Adams’s 2021 mayoral race. An affidavit signed by Adams, posted by the city’s Conflicts of Interest Board, says the trust is necessary to cover legal costs linked to these inquiries. Peter Aschkenasy, a veteran restaurateur who presided over a nonprofit tied to Adams’s former Brooklyn Borough President role, will serve as the fund’s trustee.
The establishment of the fund follows the FBI’s seizure of two smartphones and an iPad from Adams, part of an extensive inquiry into public corruption allegations, including whether illegal overseas donations were made to his campaign. Last month, the FBI searched the home of one of Adams’ chief fundraisers, Brianna Suggs. Adams, who has consistently denied any wrongdoing, is also under investigation regarding potential ties to a Brooklyn construction firm associated with Turkey and a Washington D.C.-based university with Turkish connections. Investigators are examining whether Adams pressured city authorities to open a Manhattan office to serve as the Turkish consulate. In July, six individuals were charged with using straw donations to contribute to his 2021 campaign.