New York City Mayor Eric Adams' campaign was denied over $4 million in matching funds due to concerns over his federal corruption indictment and alleged violations of campaign finance rules.
Eric Adams will not receive over $4 million in matching funds his campaign requested due to concerns related to his federal corruption indictment and the campaign's noncompliance to the program's rules. The Board's decision was announced as part of the first public funds payment given to candidates running for office in 2025.
'After thoroughly reviewing all available information, including the details of the indictment of Mayor Adams, the Board has determined there is reason to believe the Adams campaign has engaged in conduct detrimental to the matching funds program,' CFB Chairman Frederick Schaffer said in a rare statement explaining the board's decision.He added that the Board's explanation behind rejecting Adams' request responded to the great public interest and the'unusual circumstances' surrounding his reelection campaign. 'Our priority remains achieving an equitable and transparent democracy that is accountable to all New Yorkers,' Schaffer added.In a statement, Vito R. Pitta, Adams' 2025 campaign counsel, called the CFB's decision'disappointing' and vowed to challenge the board's decision. “While today’s ruling by CFB to withhold matching funds at this time is disappointing, we will continue to work with the board to address any issues so that funds can be appropriately disbursed,' Pitta said.'The mayor’s campaign continues to have far more resources than his opponents’, and we are very confident we will have the support we need to spend the maximum amount allowable in the upcoming primary.”According to publicly available campaign finance data, Adams leads the race in terms of donations, in part because the mayor has been receiving contributions since February 2022, one month after he was sworn into office. Adams’s campaign efforts have totaled over $4.1 million in campaign contributions in nearly three years, with just one quarter of the contributions recorded during the past 10 months., one of Adams' primary rivals, raised $1,530 in monetary contribution
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