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Former New York Gov. Andrew Cuomo reportedly is eyeing a political comeback amid the indictment of New York City Mayor Eric Adams.
According to the New York Post, sources claimed Cuomo told “city power-brokers” of NYC he would make a run for mayor should Adams leave office.
As his agents “spread the word” @andrewcuomo is going to run for @NYCMayor, don’t forget he also help spread Covid in nursing homes that helped kill thousands of elderly.
https://t.co/fKYAC9Joem— Janice Dean (@JaniceDean) September 18, 2024
From the New York Post:
Earlier this week, Cuomo met with attorney and longtime Brooklyn Democratic poobah Frank Seddio, and said he was in it to win it if Adams leaves his post — a move which would trigger a nonpartisan special election.
Cuomo has “told several people I know he’s running,” said one insider familiar with the discussions. “He [also] told real estate folks … that he’s running for sure in a special [election].”
But Cuomo’s plans are less certain if he has to face off against the incumbent.
“He’s not determined if he’s running in a primary if Eric Adams is in it,” the source said.
A second city powerbroker said Cuomo allies had been hitting him up to schedule a meeting, leaving him with the impression Cuomo was “definitely” running if there is a special election.
This only interests me because he would be “less-worse” than the alternatives.
⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯Former Gov. Andrew Cuomo is telling city power-brokers he will run for mayor should Adams be forced from office.
Earlier this week, Cuomo met with longtime Brooklyn Democratic… pic.twitter.com/NeBRjdMl6s
— Crime In NYC (@CrimeInNYC) September 28, 2024
A federal grand jury hit Adams with a 57-page indictment earlier this week, accusing the Democrat mayor of conspiracy, wire fraud and bribery charges.
“In 2014, Eric Adams, the defendant, became Brooklyn Borough President. Thereafter, for nearly a decade, Adams sought and accepted improper valuable benefits, such as luxury international travel, including from wealthy foreign businesspeople and at least one Turkish government official seeking to gain influence over him,” the indictment reads.
“By 2018, Adams – who had by then made known his plans to run for Mayor of New York City – not only accepted, but sought illegal campaign contributions to his 2021 Mayoral campaign, as well as other things of value, from foreign nationals,” it continued.
“As Adams’s prominence and power grew, his foreign-national benefactors sought to cash in on their corrupt relationships with him, particularly when, in 2021, it became clear that Adams would become New York City’s mayor,” it added.
INDICTMENT AGAINST ERIC ADAMS UNSEALED pic.twitter.com/M0IAHj3QKh
— NYC Bike Lanes (@NYCBikeLanes) September 26, 2024
The five counts against Adams are the following:
- Conspiracy to Commit Wire Fraud, Federal Program Bribery, and to Receive Campaign Contributions By Foreign Nationals
- Wire Fraud
- Solicitation of a Contribution by a Foreign National
- Solicitation of a Contribution by a Foreign National
- Bribery
“It is now my belief that the federal government intends to charge me with federal crimes. If so, these charges will be entirely false, based on lies,” Adams said.
“I always knew that if I stood my ground for all of you, that I would be a target — and a target I became,” he continued.
“I will fight these injustices with every ounce of my strength and my spirit,” he added.
WATCH:
NYC MAYOR ERIC ADAMS AFTER FEDERAL INDICTMENT: “It is now my belief that the federal government intends to charge me with federal crimes. If so, these charges will be entirely false, based on lies.”
“I always knew that If I stood my ground for New Yorkers that I would be a… pic.twitter.com/xXT7hRlP0G
— Breaking911 (@Breaking911) September 26, 2024
Last month, City & State New York reported that Cuomo had “no shortage of money still on hand.”
However, the process to transfer money from a state to city campaign is complicated.
From City & State New York:
But would campaign finance laws allow Cuomo to use his nearly $8 million war chest for a New York City mayoral run? What of the other state elected officials looking to get in on city races?
Transferring money from a state campaign into a city one is complicated – so much so that most candidates don’t even bother trying. But it is ultimately possible, according to campaign finance and election experts. The first step is to file with the city – which Cuomo has not done.
“The rules for who can contribute in the state are different than those in New York City so a whole new committee under the Campaign Finance Board would have to be opened,” election and campaign finance lawyer Jerry Goldfeder said.
After that, the law permits the transfer of funds between two committees if authorized by the candidate, but the process is both difficult and time intensive. To do so, a candidate would need to get all contributors from their state account to sign an agreement that their donation will be used for a different campaign. Given that there are different expenditure limits on the state and city level, the candidate would also need to report the costs associated with raising said donations from their state account, according to New York City campaign finance rules. Any transferred funds would not be eligible for the city’s matching funds program. They’d also be subject to the doing business limit if the contributor was listed in the city Doing Business Database at the time their contribution was made. Even if Cuomo wanted to try and transfer all of his funds, these rules would whittle down which contributions would be eligible.
The same rules would apply to other state candidates who are looking at a New York City run. There’s quite a few already. As for New York City mayoral candidates, that includes state Sen. Zellnor Myrie, who has opened an exploratory committee, and even potentially state Sen. Jessica Ramos and Assembly Member Zohran Mamdani. There’s also Assembly Member Harvey Epstein, who is running for City Council District 2, and Assembly Member Jenifer Rajkumar, who is running for city comptroller. Of course all of these individuals have far less in the bank than Cuomo, so the inconvenience of transferring may not be worth their time. Historically, many candidates in similar positions don’t bother.