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Restaurateur and friend of Eric Adams pleads not guilty to insurance fraud, alongside 2 men previously sued by GEICO

Summary by AM New York
After ducking a subpoena to testify in a civil insurance fraud case brought by GEICO, ex-Mayor Eric Adams’ close friend Zhan Petrosyants has been criminally charged in a money laundering scheme alongside two Adams-associated businessmen sued by the insurance giant. Petrosyants, a restaurateur who owned high-end spots Adams frequented, was indicted on insurance fraud and money laundering counts Wednesday in the Southern District of New York.  In …

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AM New York broke the news in New York, United States on Friday, April 3, 2026.
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