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Ex-aide to NYC mayor reported $1.5 million in holdings during City Hall tenure despite divestment vow
New York City Mayor Eric Adams with Frank Carone, right, outside City Hall on Nov. 1, 2022, in Manhattan. - Luiz C. Ribeiro/New York Daily News/TNS

Ex-aide to NYC mayor reported $1.5 million in holdings during City Hall tenure despite divestment vow

NEW YORK — While still serving as New York Mayor Eric Adams’ chief of staff last year, Frank Carone held stakes worth at least $1.5 million in three different companies, according to a new financial disclosure form that appears to be at odds with public statements about his holdings. The form, which was released by the city Conflicts of Interest Board to the New York Daily News on Friday, is supposed to provide details on all assets held by Carone between Jan. 1, 2022, and Dec. 26, 2022, the date he resigned as Adams’ chief of staff. In the form, Carone reported he held at least a $500,000 sta...

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