NYC Mayor Eric Adams indicted on federal charges in campaign finance case

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There are multiple federal investigations into New York City Mayor Eric Adams, members of his administration, and people connected to the Democrat.

New York City Mayor Eric Adams has been indicted on criminal charges in federal court in Manhattan, sources familiar with the matter told CNBC.

Adams, a former police captain, is at least the second New York mayor to be criminally charged while still in office, and is the first official in his administration to be charged as a result of multiple pending investigations that have ensnared the New York Police Department and the city's top schools' official.

In a video statement later, Adams said,"I will request an immediate trial, so New Yorkers will know the truth."Earlier Wednesday, Rep. Alexandria Ocasio-Cortez, D-N.Y., called on the mayor to resign, saying the"flood of resignations and vacancies" resulting from various federal probes of administration officials"are threatening government functions.

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