Federal prosecutors seized the phones of David Banks and Philip Banks III, overshadowing their rise in New York City leadership.
The Mayor of New York City, Eric Adams, was in a routine meeting at City Hall, accompanied by his influential deputies, Philip B. Banks III and David C. Banks. Philip oversaw public safety, including the police and fire departments, while David led the city’s school system. The power concentrated within the Banks family would soon be disrupted as their administration became embroiled in multiple federal corruption investigations. Agents raided their homes, including their younger brother Terence Banks, seizing their phones as part of a bribery probe. David Banks resigned as schools chancellor, and Mayor Adams faced corruption charges.
The investigations into the Banks brothers have focused on government contracts and Terence Banks’ consulting firm, although the full extent of the inquiries is still unclear. The brothers maintain their innocence, with David Banks stating that he is not a target of the investigation according to federal prosecutors. Philip Banks’ lawyer is confident that his client will be exonerated, and Terence Banks’ lawyer asserts that while the investigation involves bribery, no actual bribery took place.
Source: The NY Times
