Frank Carone, an advisor and chief of staff to New York City’s former Mayor Eric Adams, pleaded not guilty to federal corruption charges related to a bribery scheme involving migrant housing. The Gothamist reports Carone, his brother Anthony Carone, and Chinese...
A Michigan real estate developer was sentenced to one year and a day in prison for bribing a mayor with cash and home renovations in exchange for obtaining tax-foreclosed properties from the mayor’s city. According to court documents, Shady Awad provided Richard...
A former government official in Newark, New Jersey, admitted to his role in a bribery conspiracy where he rewarded local business owners with the acquisition and redevelopment of city-owned properties after receiving cash and gifts. Carmelo G. Garcia served as deputy...
Texas Attorney General Ken Paxton will not testify at his own impeachment trial, which centers on his relationship with real estate developer Nate Paul, a friend and political donor. According to a report in TheHill.com, Paxton’s trial begins Sept. 5 within the Texas...
A Chinese property developer wanted by the U.S. government on bribery charges has agreed to be extradited. The South China Morning Post reported that Zhang Li, co-founder of Chinese property developer Guangzhou R&F Properties, was arrested last year at London’s...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
