A tech company hired a top NYC official's brother. A private meeting and $1.4M in contracts followed
Source: Associated Press
A tech company hired a top NYC official’s brother. A private meeting and $1.4M in contracts followed
By JAKE OFFENHARTZ
Updated 1:53 PM EDT, September 13, 2024
NEW YORK (AP) — Ahead of the 2022 school year, the education technology company 21stCentEd was seeking to expand its presence in New York City’s public schools. So they turned to a man, Terence Banks, whose new consulting firm promised to connect clients with top government stakeholders.
Banks wasn’t a registered lobbyist. His day job, at the time, was as a supervisor in the city’s subway system. But he had at least one platinum connection: His older brother, David Banks, is New York City’s schools chancellor, overseeing the nation’s largest school system.
Within a month of the hire, 21stCentEd had secured a private meeting with the schools chancellor. In the two years since that October 2022 meeting, more than $1.4 million in Education Department funds have flowed to the company, nearly tripling its previous total, records show.
The siblings — along with a third brother, Philip Banks, who serves as New York City’s deputy mayor of public safety — are now enmeshed in a sprawling federal probe that has touched several high-ranking members of Mayor Eric Adams’ administration.
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Read more: https://apnews.com/article/new-york-mayor-federal-investigation-banks-b2369819ff7ccd4e630899eb08538bae
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