Title: Construction Manager to Accept Illegal Campaign Donations

Investing.com -- It has been reported that Erden Arkan, a construction executive accused of making illegal donations to New York Mayor Eric Adams' campaign, plans to plead guilty, according to court records released on Monday. The businessman is charged with directing "fake" contributions to Adams' successful mayoral campaign in 2021. These donations were made in the name of someone other than the actual donor.

Federal prosecutors in Manhattan indicated that Arkan intends to plead guilty to one count of electronic fraud. This plea could potentially strengthen the prosecutors' case, which is set to go to court on April 21.

Attorney Alex Spiro, representing Mayor Adams, has not yet responded to requests for comments on the matter. Similarly, Nicholas Biase, a spokesperson for the U.S. Attorney's Office in Manhattan, also declined to comment.

This development comes during a period when Mayor Adams is preparing for a hearing in April related to his reelection campaign.

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