By Isabella Torregiani
4:04am PDT, Jun 18, 2025
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An ethics complaint has been filed against former Governor
Andrew Cuomo, accusing him of not disclosing $2.6 million in stock options ahead of his mayoral run.
The Foundation for Accountability and Civic Trust has called on the city's Conflicts of Interest Board to investigate whether Cuomo "intentionally violated New York City's disclosure laws" — and to issue penalties if warranted.
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On Monday, June 16, FACT Executive Director
Kendra Arnold urged an investigation into Andrew Cuomo's alleged failure to disclose his financial ties to an advanced nuclear technology company.
"One of the most basic and fundamental ethics laws applicable to candidates and elected officials requires them to publicly disclose their financial interests," she wrote in
a letter.
"Unfortunately, it is this essential law that appears to have been violated by mayoral candidate Andrew Cuomo when he failed to fully disclose his financial interest in a company named Nano Nuclear Energy," she added.
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Andrew Cumo's team reportedly amended his financial disclosure forms on May 2 — the same day a Politico report revealed the previously undisclosed stock options in Nano Nuclear Energy.
Carolyn Miller, Executive Director of the COIB, explained how the board typically handles late disclosures following media exposure: "Amendments to annual disclosure reports to increase their accuracy and completeness are encouraged by the Conflicts of Interest Board," she told the
New York Post.
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Andrew Cumo's spokesperson, Rich Azzopardi, dismissed the ethics complaint, insisting the stock option information was already public: "These craven right-wing nut jobs look stupid and should have done their due diligence before trying to grab a cheap headline," he said.
"This was always publicly available information that had been filed with the feds for a year," Azzopardi continued, referencing filings with the Federal Trade Commission. "We said a month ago we'd consult with the board and make amendments as needed and that's exactly what we did."
Cuomo joined Nano Nuclear's advisory board in March 2024. Two months later, his firm received 125,000 stock options priced at $3 per share, according to the annual security filings.
