SHOW ME THE MONEY: Mayor Eric Adams, typically a prodigious fundraiser, brought in just one donation of $250 in the two and a half weeks since his federal indictment, POLITICO reports. That came from Mike Koba, a Flushing man who lists his occupation as unemployed — even though Koba posted a photo with the mayor to his LinkedIn, where he’s the owner of Koba Capital, an insurance brokerage. Overall, Adams raised $212,416 in the last three months for his 2025 reelection, which POLITICO first reported — making it his slowest fundraising period since he took office, according to a filing with the New York City Campaign Finance Board today. That weak period was by design, a person familiar with his operation told Playbook. The mayor stopped holding any fundraising events after bringing in enough money to hit his roughly $7 million spending limit for the primary — a threshold he would only hit if he gets public matching funds. The Campaign Finance Board has yet to determine whether it will grant Adams the $4.35 million his campaign says it has qualified for. Federal prosecutors charged Adams with running an illegal straw donor scheme, something board officials said they would consider ahead of the first scheduled pay-out in December. If he doesn’t get that money, he’ll go back to fundraising. But for now, Adams’ operation is effectively on pause. Adams’ lack of post-indictment campaign support stands in contrast to former President Donald Trump, whose team said it raised more than $15 million in the two weeks after Manhattan District Attorney Alvin Bragg indicted him. Trump has aggressively solicited donations based on his legal woes, while the New York City mayor doesn’t even have a campaign website. His team doesn’t send out standard emails or texts requesting money, and lacks an easily accessible online fundraising portal. Instead, the campaign for the embattled mayor hosts fundraising events, such as a Saturday lunch his brother Bernard hosted at a Chinese restaurant in Queens, or a birthday party for the mayor at a Manhattan club. It’s worked — Adams has reported raising $4.14 million for his reelection campaign, and still has $3.11 million on hand. That’s a massive lead over all of his declared challengers. Adams had also been soliciting money for his legal defense fund, and its quarterly report is due later today. Compliance attorney Vito Pitta declined to share that fundraising total ahead of time, but a person familiar with the operation said donations slowed to that account too after Adams was criminally charged and those managing the fund temporarily stopped soliciting. — Jeff Coltin
|