An executive with Cushman & Wakefield (NYSE: CWK) has been targeted in the ongoing corruption probe into New York City Mayor Eric Adams.
The New York Times reported Diana Boutross, a vice chairwoman at Cushman & Wakefield, had her electronic devices seized by the office of Manhattan District Attorney Alvin Bragg on Sept. 27 at John F. Kennedy International Airport as she was returning from a trip to Japan. The brokerage represents the city in its office leasing activities while Boutross is a longtime friend and advisor to Adams.
Bragg’s office opened an investigation into the Adams administration’s leasing of commercial properties that potentially involved bribery. This is the fifth criminal investigation involving the mayors and his allies.
According to the Cushman & Wakefield website, Boutross joined the company in November 2015 after two decades in the real estate industry. She was previously an executive vice president at Winick Realty Group and was a broker for the Trump Organization. She serves on the Real Estate Board of New York’s Commercial Committees, which focuses on promoting the city’s commercial property market.
Boutross did not publicly comment on the report.
Photo courtesy of Cushman & Wakefield
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Her daughter flaunts her wealth openly on IG. Constant trips abroad and high end labels. I knew it was something shady when they got that hamptons house a few years back…from living in bay ridge in a regular rent controlled apartment to $15M home??? Hmmm