Frank Carone, former chief of staff to New York City Mayor Eric Adams, is being sought for deposition by GEICO as part of a civil lawsuit alleging that financial entities he co-founded were involved in a “money laundering scheme.” The lawsuit claims these entities funded a network of medical clinics that submitted $3.5 million in fraudulent claims for unnecessary treatments. Although Carone is not named as a defendant, his involvement is under scrutiny as GEICO prepares to question him about the allegations. Carone has stated he will comply with any legal requirements regarding the deposition.
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