Kianan Tariverdiev, a businessman, copped to wire fraud conspiracy on July 9 as a part of a plea settlement with federal prosecutors and is awaiting sentencing, current court docket filings say. Tariverdiev has already agreed to pay $3.7 million in restitution in connection along with his plea, court docket papers present.
The investigation that led to Tariverdiev’s indictment stays ongoing, per prosecutors. Tariverdiev, who’s a donor to each the mayor’s reelection marketing campaign and authorized protection belief, received’t be required to cooperate within the probe as a part of his plea deal, stated his lawyer, J. Bruce Maffeo, who declined additional remark.
A spokesman for the Manhattan U.S. lawyer’s workplace, which indicted Tariverdiev, didn’t instantly remark.
Tariverdiev’s October 2024 indictment alleges he and three others pulled off a posh scheme, wherein they stole greater than $10 million from no-fault auto insurance coverage applications by submitting fraudulent claims for medical procedures that didn’t occur or have been exaggerated. They’re then alleged to have laundered ill-gotten proceeds by a posh internet of shell firms.
Tariverdiev and his alleged co-conspirators within the prison case, who’ve pleaded not responsible, are additionally named as defendants in a separate civil lawsuit, introduced by auto insurance coverage supplier GEICO, that element the identical scheme portrayed of their prison indictment, an overlap first reported by Politico in late 2024.
Frank Carone in December 2022. (Dia Dipasupil/Getty Photos)
The civil case additionally names Monetary Imaginative and prescient Capital Group II, a Lengthy Island-based restricted legal responsibility company, as a defendant and alleges it “knowingly aided and abetted the fraudulent scheme” by offering funding for it.
Carone and Monetary Imaginative and prescient’s different founders haven’t been accused of prison wrongdoing. GEICO’s civil circumstances are pending.
Monetary Imaginative and prescient’s principals have stated they have been duped into what they thought could be professional enterprise enterprise, wherein they might, in change for compensation, advance cash to medical suppliers awaiting insurance coverage payouts.
The Carone-founded firm has filed a lawsuit in Nassau County alleging Daniel Kandhorov, a good friend to Adams, tricked them into getting concerned with out disclosing that the enterprise was fraudulent in nature.
Kandhorov isn’t named or referenced within the Tariverdiev indictment, and neither are Carone or his fellow Monetary Imaginative and prescient founders.
Carone, Adams’ longtime political confidant who now chairs his reelection marketing campaign, based Monetary Imaginative and prescient in 2018 along with his ex-law accomplice, Howard Fensterman, and others, enterprise information present. Carone has stated he performed no operational position within the firm and that he has since walked away from it.
In texts Thursday, Carone stated he hasn’t been contacted by any investigators concerning Tariverdiev. He additionally stated he has by no means met or spoken with Tariverdiev.
Tariverdiev was engaged within the scheme between 2019 and 2023, his indictment says.
In March 2022, Tariverdiev donated $2,000 to Adams’ reelection marketing campaign, weeks after the mayor first took workplace. Almost two years later, in December 2023, Tariverdiev gave $2,500 to the authorized protection belief Adams launched after it emerged he was below investigation for allegedly taking bribes and unlawful marketing campaign money from Turkish authorities operatives.
Adams was finally indicted on corruption prices within the Turkey probe, however his case was this yr dropped on the behest of President Trump’s Justice Division as a part of a extremely controversial association.
Adams marketing campaign reps didn’t instantly return requests for remark Thursday on Tariverdiev’s donations.
Initially Printed: July 30, 2025 at 1:08 PM EDT
