New York City Mayor Eric Adams indicted in federal court

• New York City Mayor Eric Adams has been indicted on criminal charges in federal court in Manhattan, sources familiar with the matter told CNBC.
• Adams, a former New York City police officer and state senator, is being investigated by the Manhattan U.S. Attorney's Office, which is eyeing whether his 2021 mayoral campaign conspired with the government of Turkey to funnel illegal donations into that campaign.

New York City Mayor Eric Adams has been indicted on criminal charges in federal court in Manhattan, sources familiar with the matter told CNBC on Wednesday night.

The indictment, which remains sealed, at least in part accuses Adams of criminal conduct related to donations to his 2021 mayoral campaign.

Adams is the first New York mayor to be criminally charged while still in office.

It was previously known the Manhattan U.S. Attorney's Office was investigating Adams, a former New York City police officer and state senator, for potentially conspiring with the government of Turkey to funnel illegal donations into that campaign.

The New York Times on Monday reported that prosecutors had submitted grand jury subpoenas to City Hall, Adams, and his campaign in July demanding information related to four other countries: Israel, China, Qatar, South Korea, and Uzbekistan.

Earlier Wednesday, Rep. Alexandria Ocasio-Cortez, D-N.Y., called on the mayor to resign, saying the "flood of resignations and vacancies" resulting from various federal probes of administration officials "are threatening government functions."

"For the good of the city he should resign," Ocasio-Cortez said.

There are multiple federal investigations into Adams and people affiliated with him and his administration.

On Tuesday, city Schools Chancellor David Banks