Pro-Eric Adams PAC gets $750k boost

Mayor Eric Adams’ longshot reelection campaign may not have public matching funds, but it does have some well-heeled supporters.

The pro-Adams independent expenditure committee Empower NYC has now raised just over $1 million, thanks to a $750,000 haul reported this week. That boost comes from two hefty donations from Scott Lynn, the founder and CEO of Masterworks.io, a fine art investment platform, who donated $500,000, and Jean Marc-Chapus, a prolific investor and co-founder of investment firm Crescent Capital, who donated $250,000 through a trust called Etoiles Trust, according to the PAC. The trust previously donated $50,000 to the PAC in May.

The PAC, which had already brought in $425,000 in the spring, is aiming to raise $15 million, said Abe George, its founder and CEO and a previous candidate for Brooklyn district attorney. Lawyer Eric Lerner is also working with the PAC – though is no longer serving as its president, George said – and is working to help attract donors from the cryptocurrency industry. (Adams and Lerner appeared at the same crypto summit in Las Vegas in May, in a move that raised eyebrows among government ethics watchdogs, as Politico New York reported. Spokespeople for Adams denied collaboration between the candidate and the committee.)

Previous donors to the PAC include billionaire Alexander Rovt, who raised money for Adams’ legal defense trust and owns the building that won the lease for a city agency – the lease situation is the subject of an internal probe – and billionaire Len Blavatnik. Lynn is now the group’s largest funder, replacing re




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