Overview

• David Banks met with 21stCentEd CEO Marlon Lindsay shortly after the company hired his brother, Terence Banks, as a consultant.
• 21stCentEd received over $1.4 million in NYC Department of Education contracts following the October 2022 meeting.
• Federal investigators are examining potential unregistered lobbying and conflicts of interest involving Terence Banks' consulting firm, Pearl Alliance.
• Phones and electronics were seized from David Banks, his brothers Phil and Terence, and other city officials during a series of raids on September 4.
• David Banks has denied any wrongdoing and stated that he is cooperating with the investigation, while maintaining that he is not a target.