New York City Mayor’s Asian Affairs Director, Winnie Greco, had her Bronx property, which she has owned for decades, finally listed in the latest city official financial disclosure forms this year, despite the property not being included in her previous filings. This has raised questions among people: why was this property not included in her earlier financial disclosure forms?
According to a report by the New York Daily News, a copy of Greco’s 2023 financial disclosure form provided by the New York City Conflicts of Interest Board included a house on Gilespie Ave in Pelham Bay, Bronx. Greco and her husband have owned this property since 1988, yet it was not included in the financial disclosure forms for 2021 and 2022. The Gilespie Ave property, along with another property owned by Greco on the same block, were both raided by the FBI in late February. Sources informed the New York Daily News that the FBI is closely investigating Greco and Adams’ trip to China with funding from the Chinese Communist Party.
The full scope of the FBI investigation is currently unclear, and no one has been accused of any wrongdoing.
According to New York City ethics laws, if the Gilespie Ave property was not Greco’s primary or secondary residence before 2023, she would not have been required to include it in the financial disclosures for 2021 and 2022 unless it was being rented out. Greco’s 2023 financial disclosure did not disclose any rental income. Additionally, in the financial disclosure forms submitted for the past three years, apart from her salary from the city, there was no reporting of any other income, debts, gifts exceeding $50, or stocks, bonds, or other investments worth over $1,000.
When asked about the matter, Adams’ spokesperson Liz Garcia stated that every city official should truthfully and accurately fill out their financial disclosure forms, and if there are valid reasons, modifications can be made later. The Conflicts of Interest Board noted that if city officials “intentionally” fail to truthfully disclose their assets, they could face a $10,000 fine and criminal prosecution.