"Sources claim that the U.S. Attorney's Office for the Eastern District of New York and the FBI are leading an investigation into Carone's business transactions, as reported by NBC New York and the Brooklyn Eagle. Despite the ongoing scrutiny, which has included subpoenaed clients of Carone's consulting firm since May 2024, no formal charges have been pressed against the political strategist."
"The specifics of the investigation have yet to fully be disclosed, but the focus appears to closely examine various real estate and business deals tied to Carone's firm, Oaktree Solutions. According to a statement Carone gave to the Brooklyn Eagle, he outright denies any wrongdoing and has suggested that the accusations might stem from vendettas against his professional ascent and are possibly tainted by ethnic prejudice against Italian Americans."
"Not only did Carone serve as chief of staff during Adams' tenure as mayor, but he also took reigns to chair Adams' 2021 and 2025 mayoral campaigns. After his stint at City Hall, Carone ventured to establish a profitable consulting business, which has now seemingly become a centerpiece of the federal probe. Besides Carone, other members of the former Adams administration, such as Ingrid Lewis Martin, face their own set of allegations in state courts related to possible corruption and bribery."
Federal investigators from the U.S. Attorney's Office for the Eastern District of New York and the FBI are probing Frank Carone's business transactions, focusing on real estate and deals tied to his consulting firm, Oaktree Solutions. Subpoenas have targeted clients of his firm since May 2024, though no formal charges have been filed. Carone denies wrongdoing, calling accusations baseless and suggesting they stem from vendettas and ethnic prejudice. Carone previously served as chief of staff to Mayor Eric Adams and chaired his 2021 and 2025 campaigns before founding his profitable consulting business. Other former Adams officials face separate state allegations.
#frank-carone #federal-investigation #oaktree-solutions #political-consulting #eric-adams-administration
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