EXCLUSIVE: Property Mogul Indicted In NYC Mayor’s Office Bribery Scheme Listed As Chinese Intel Official

July 27, 2026 2:11 PM ET The property developer who allegedly bribed former New York Mayor Eric Adams’ chief-of-staff has served as a Chinese Communist Party (CCP) intelligence official and hobnobbed with party bosses for years, a Daily Caller News Foundation investigation discovered.Authorities arrested Andy Zhu, founder of New York-based real estate firm East Times Group (ETG), and three others including Adams’ former chief-of-staff, Frank Carone, on charges of fraud and money laundering in June, according to the indictment. Between October 2022 and September 2023, the property mogul allegedly bribed Carone and his brother with $120,000 to successfully pressure the New York City Department of Social Services to award Zhu’s Microtel Inn with a $6,825,000 “emergency shelter contract” in or