Thursday, April 2, 2026-Federal prosecutors have indicted a close associate of former New York City mayor Eric Adams, intensifying scrutiny around individuals linked to his political circle.
The accused, Zhan Petrosyants, is alleged to have orchestrated a large-scale fraud scheme involving no-fault auto insurance claims, generating millions of dollars through fraudulent medical billing and money laundering.
According to prosecutors, the scheme ran for several years and involved submitting tens of millions of dollars in false claims to insurance providers.
Authorities say the operation was complex and highly organized, highlighting ongoing concerns about systemic fraud and financial crimes tied to organized networks. Petrosyants has pleaded not guilty and is expected to fight the charges in court.
The indictment adds to a series of legal challenges and investigations surrounding figures connected to Adams’ former administration.
While Adams himself is not charged in this case, the development underscores continued federal attention on political and business relationships in New York, as officials push to crack down on corruption and financial fraud.
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