Adams' Friend Indicted for $Million Fraud Scheme
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Former New York Mayor Eric Adams close friend, Johnny Petrosyants, indicted on charges of health care fraud, wire fraud, identity theft, and money laundering. Petrosyants allegedly ran a scheme to defraud millions from no-fault auto insurance claims between 2018 and 2023. Prosecutors claim Petrosyants and his team used fake medical bills, funneled cash through shady funding, and pocketed the profits. Petrosyants was arrested at JFK Airport. Adams camp denies ties, but the connection is evident. Petrosyants previously pleaded guilty to a similar scheme in 2014 and has evaded insurer GEICO. This indictment adds pressure to Adams circle as the case progresses.
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