Brian A. Benjamin arrested accusations of bribery & fraud. Business, net worth, salary, Wife

Benjamin, a political leftist, was first elected to the New York State Senate in a special election in May 2017. From 2017 to 2021, he served in the New York State Senate, representing the 30th Senate District. Benjamin served as the Senate’s senior assistant majority leader and chair of the Senate Committee on Budget and Revenue during his time in the Senate. Now the question is what is the Brian A. Benjamin net worth after his arrest?

After being accused on accusations of bribery, conspiracy to conduct wire fraud, wire fraud, and two counts of falsification of documents, Benjamin was arrested in April 2022.

Brian A. Benjamin Business and Success

Benjamin worked as an intern at Bill Lynch & Associates. He is a trustee of Brown University who was elected by alumni. He worked as a financial advisor for Morgan Stanley for three years. Benjamin joined Genesis Companies, a Harlem-based minority business organization that builds affordable housing, as a managing partner in 2010. Benjamin was elected Chair of Manhattan Community Board 10 in Central Harlem, Manhattan, in 2016.

In 2017, while Benjamin was managing partner of the Genesis Companies real estate firm in Harlem and on the verge of becoming the Democratic nominee for New York State Senate, his firm was sued by a co-investor in a legal dispute over an alleged scheme to divert revenue from an Abyssinian Development fire sale to the investors of 31 properties.

In the Senate from 2001 to 2017, Benjamin’s district includes much of central Harlem as well as parts of East Harlem, Hamilton Heights, Morningside Heights, Washington Heights, the Upper East Side, Upper West Side, and Yorkville in Manhattan.

Benjamin was appointed Chairman of the Committee on Revenue and Budget in January 2021.

Brian A. Benjamin Salary and net worth

According to public documents, Benjamin earns up to $50,000 a year as a member of the NextPoint board of directors and has stock worth up to $250,000. Benjamin earns $120,000 a year as a state senator in addition to his wages and possessions. Brian Benjamin net worth is harder to say. Including his business stocks and houses, we can assume $20 million as his net worth.

Benjamin left NextPoint’s board of directors in March, but kept his ownership. THE CITY predicts that if Benjamin sold the stock tomorrow on the Toronto Stock Exchange, he might make a tidy $80,000 profit on what seems to be a $4,100 investment.

When confronted by THE CITY last week, Benjamin declined to comment on LoanMe’s track record through a spokeswoman on Monday. However, he acknowledged that he still owns the NextPoint shares that he described as worth between $75,000 and $100,000 in his financial disclosure forms in December.

Benjamin and five other founding investors in NextPoint appear to have each put around $4,100 on private insider shares that were eventually priced at 48 cents, according to records filed with the Toronto Stock Exchange. The value of NextPoint’s stock skyrocketed after it went public in July. THE CITY believes that his initial investment of roughly $4,100 is now worth just under $85,000. Benjamin was adamant about not discussing the current market value of his stock.

The lieutenant governor of New York, Brian Benjamin, was arrested on bribery and fraud charges.

Benjamin, who joined Gov. Kathy Hochul’s administration in September for a seven-month term, faces allegations of bribery, fraud, and fabricating records.

Brian Benjamin, the lieutenant governor of New York, has been jailed after being formally charged in a federal corruption probe.

Federal investigators have charged Gerald Migdol, a New York attorney and real estate developer, with conspiracy to commit wire fraud, wire fraud, and aggravated identity theft for donating to Benjamin’s campaign in a scam that ran from 2019 to 2021.

Benjamin is also accused of participating in a conspiracy to extort campaign contributions from Migdol in exchange for the now-New York lieutenant governor agreeing to use his clout as a state senator to get a $50,000 state grant for a developer-controlled nonprofit.

Who is Cathleen McCadden Benjamin, Brian A. Benjamin Wife?

Benjamin is married to Cathleen McCadden Benjamin. The couple married in September 29, 2018 and have announced recently that they welcomed their second daughter. Mr. Husband shared a romantic picture from their wedding day on their 3rd marriage anniversary.

On their wedding day, his wife Cathleen dressed fully white with lite transparent design and holding white flowers. And Mr. Benjamin dressed as white coat with black tie and also black pant. The couple looks so beautiful in their wedding dress.

Living as a married life, the couple never let any rumors of split or divorce. they are still sharing their love together. Benjamin lives in Harlem with his wife Cathleen and his daughters Caroline and Olivia.