A police officer stands guard outside One Police Plaza NYPD Headquarters on Friday, Sept. 13, 2024, in New York. FILE - David Banks, chancellor of New York Public schools, answers a question during a House Subcommittee on Early Childhood, Elementary, and Secondary Education hearing on antisemitism in K-12 public schools, May 8, 2024, on Capitol Hill in Washington. FILE -- NYPD Police Commissioner Edward A.
The exact nature of the investigation — or investigations — has not been disclosed. Among other things, federal authorities are investigating the former police commissioner’s twin brother, James Caban, a former police sergeant who runs a nightclub security business.that he had been pressured by the aide into hiring the police commissioner’s brother to make noise complaints against his business go away.
Timothy Sini, an attorney for Terence Banks, did not respond to specific questions about the consulting firm. But he wrote in an email, “We have been assured by the Government that Mr. Banks is not a target of this investigation.” Neither the Department of Education nor the Conflicts of Interest Board would say whether a waiver was requested.
The spokesperson could not say how the meeting with the school’s chancellor came about or whether Terence Banks attended. He added that Terence Banks had provided “no value” to the company and that his contract was terminated last December. In total, the Pearl Alliance listed nine clients with millions of dollars in city contracts, including a software business, a grocery delivery start-up, and a company that specializes in concrete. At least seven of the companies have past or current contracts with the city.