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Eric Adams Power Broker Says He’s the Victim in Multi-Million Insurance Scam

Summary by The City
In the months before his pal Eric Adams became mayor and made him chief of staff, Brooklyn attorney Frank Carone was hustling to build up a company he’d created to provide cash advances to doctors awaiting potentially lucrative insurance payouts in no-fault car accident cases. Carone’s firm relied on a team of recruiters to find doctors who might sign up. Those on board included his longtime friend,  Zhan “Johnny” Petrosyants, and two of Petrosy…

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The City broke the news in on Monday, April 6, 2026.
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