A Brooklyn real estate magnate accused of working with a Turkish government official to funnel illegal campaign contributions to New York City Mayor Eric Adams plans to plead guilty to a conspiracy charge tied to the scheme, federal prosecutors said Monday. Erden Arkan, the owner of a real estate construction firm, was one of several individuals implicated in the sprawling corruption indictment brought against Adams in October. He would be the first to plead guilty in a public proceeding.
In court papers, prosecutors said Arkan planned to plead guilty to a charge of conspiracy to commit wire fraud by collecting campaign contributions for Adams that were made under the name of someone other than the true contributor. Adams then used those funds to fraudulently obtain public funding under the city's matching funds program, which provides a generous match for small-dollar donations, prosecutors allege. A lawyer for Arkan did not immediately respond to a request for comment. An attorney for Adams, Alex Spiro, said in an emailed statement that the decision would have 'no bearing on the Mayor's case whatsoever.' 'We know from the government's own interviews that Mr. Arkan repeatedly said that Mayor Adams had no knowledge of his actions,' Spiro said. A well-known member of New York's Turkish community, Arkan is a co-owner of KSK, a Brooklyn-based construction firm specializing in luxury condominiums. His firm's ties to Adams emerged in November 2023, as investigators searched his residence, along with the home of Adams' chief fundraiser and his liaison to the Turkish community. Adams was subsequently charged with accepting bribes in the form of luxury travel benefits and illegal campaign contributions from a Turkish official and other foreign nationals hoping to buy his influence for their benefit. He has pleaded not guilty and vowed to remain in office as he fights the charge
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