Adams' Buddy Charged in $100M Insurance Scam
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Former Mayor Eric Adams associate, Zhan Johnny Petrosyants, faces federal charges for a massive insurance scam involving fake no-fault car insurance claims. Petrosyants, who ran a popular Manhattan restaurant frequented by Adams, allegedly set up clinics with unqualified staff, billed for unnecessary treatments, and cashed in on lawsuit settlements. This is not Petrosyants first brush with the law, as he previously pleaded guilty to check-cashing fraud. Adams inner circle has been plagued by corruption and bribery allegations, with Petrosyants being just one of the associates involved. A civil suit from Geico implicates a funding firm linked to Adams former chief of staff, Frank Carone, though Carone has not been charged. Adams himself avoided campaign finance charges after federal charges were dropped in exchange for his help on immigration deportations. As more details emerge, questions arise about Adams associations and the favors exchanged.
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