NYC Schools Chancellor David Banks Under Federal Scrutiny for Alleged Corruption Involving Brother's Consulting Firm

Federal agents seized phones and raided homes of David Banks, his brothers, and other top city officials as part of an ongoing investigation into unregistered lobbying and city contracts.

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.