Source: Politico
“A complex insurance operation with ties to Mayor Eric Adams’[s] ex-chief of staff, Frank Carone, has landed in the crosshairs of federal prosecutors. Manhattan federal prosecutors in October indicted three people on criminal conspiracy charges for allegedly operating an ‘extensive’ $10 million fraud ring involving no-fault auto insurance, which covers medical expenses from car accidents. About two months before the case burst into public view, those same three people were added as defendants in a long-running civil lawsuit by auto insurance giant GEICO that alleges a similar pattern of insurance fraud. Simultaneously added as a defendant: Financial Vision Capital Group II, a limited liability corporation formed by Carone and attorney Howard Fensterman in 2018, when the two were partners at the powerful Brooklyn law firm Abrams Fensterman.” (12/03/24)
https://www.politico.com/news/2024/12/03/adams-adviser-carone-insurance-fraud-00192242