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Showing posts with the label York

New York City Mayor Eric Adams Vows to Defend Himself Against Federal Indictment

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New York City Mayor Eric Adams is vowing to defend himself against a yet-to-be-unsealed federal indictment as the embattled Democrat faces growing pressure to resign from office. The indictment, first reported by the New York Times, is expected to be unsealed Thursday by the U.S. Attorney for the Southern District of New York, Damien Williams. The charges were not immediately clear but appeared to focus on whether Adams' mayoral campaign conspired with Turkey and other foreign governments to receive illegal campaign contributions during his 2021 mayoral run. As news of the indictments broke, Adams released a video statement late Wednesday in which he vowed to fight the charges and remain in office, asking New York residents for "prayers and patience." "I will fight these injustices with every ounce of my strength and my spirit," he says in the video, posted on YouTube, adding, "I am innocent," and he plans to request an "immediate trial so...

Appeals Court Reduces $464M Bond in Trump's Fraud Case, Gives Him More Time

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A New York appeals court on Monday gave former President Donald Trump a lifeline in his New York fraud case, allowing Trump to post a much lower bond while he appeals the verdict in the case. Trump was expected to come up with $464 million or a bond for that amount Monday to appeal a ruling by Superior Court Judge Arthur Engoron in a civil fraud lawsuit brought by New York Attorney General Letitia James in 2022. In an order, the five-judge state appeals court panel said it would give the Trump Organization and top executives 10 days to post a $175 million bond. Engoron found that Trump, his company and top executives – including his sons Donald Trump Jr. and Eric Trump – deceived banks and insurers by inflating the value of his family's wealth on financial statements used to secure loans. Trump said Monday that he planned to comply with the order. "We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash,"...