Wall Street Hedge

Wednesday, January 20, 2021
Log in
  • Home
  • Nation & Politics
  • Financial News
  • Technology & Research
  • Lifestyle & Health
    • Latest News
      • Business
      • Nature
      • Science
      • World
      • VA Hospitals Are Still Under Investigation for Suspected Drug Thefts

New York Assembly speaker Sheldon Silver slapped with bribery charges

By Leave a Comment

speaker

New York Assembly Speaker Sheldon Silver was slapped with fraud and conspiracy charges on Thursday following a long anti-corruption probe for committing fraud and other criminal counts, according to the federal authorities.

Silver, one of the most powerful Democrats of New York for over two decades, has been under the scanner of the Federal Bureau of Investigation (FBI) and federal prosecutors in Manhattan.

The 70-year-old leader was accused of attempting to hide “corrupt sources” of outside income and misusing his powers of office for obtaining millions in bribes and kickbacks.

As per the criminal complaint, Silver allegedly received over USD 6 million in unjustified income from two law companies since 2002.

Silver, who represents Lower East Side in Manhattan, is known as one of “Three Men in a Room” of Albany. The other two are the governor and Senate Majority Leader, who is the negotiator of key legislation and the state budget. Silver has been a key member in the Assembly since 1977.

A somber-looking Silver surrendered before the authorities at about 8 am EST on Thursday in lower Manhattan from where he was headed to a nearby federal court.

“It is unfortunate that the prosecutors chose to pursue this as a criminal case. We intend to vigorously contest the charges and Mr. Silver looks forward to his day in court,” Steven Molo, Silver’s attorney, said in an emailed statement.

If convicted, Silver can get a maximum jail term of 20 years on each of the charges, according to spokesperson for US Attorney Preet Bharara said.

 

 

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Nation & Politics Tagged With: criminal case against Sheldon Silver, Federal Bureau of Investigation, Manhattan federal prosecutors, New York Assembly Speaker, Sheldon Silver, Sheldon Silver case

Leave a Reply Cancel reply

You must be logged in to post a comment.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 15 other subscribers

Recent Articles

AXA building in Wiesbaden, Germany.

Insurer AXA To Buy XL Group For $15 Billion

By Leave a Comment

New York Stock Exchange on Wall Street.

Wall Street Comes Out Intact As Global Stock Rise

By Leave a Comment

Ryanair profits are up despite threats of pilot strike.

Ryanair Profits Are Up But A New Pilot Strike May Be Around The Corner

By Leave a Comment

Bitcoin bubble may burst, analysts speculate.

Bitcoin Bubble Shows Signs Of Bursting

By Leave a Comment

One percent amassed 82 percent of the world's fortune last year.

82 Percent Of The World’s Wealth Went To The One Percent In 2017, According To Oxfam Report (Report)

By Leave a Comment

Morgan Stanley will be hit with a $1.25 billion charge as part of the new Republican tax cut.

Morgan Stanley To Be Hit With $1.25 Billion Charge From Republican Tax Reform

By Leave a Comment

General Electric Laboratory

High Demand For Renewable Forces General Electric To Slash 12 Thousand Jobs Worldwide

By Leave a Comment

Cryptocurrency bitcoin coins

Cryptocurrency Is Worth More Than JPMorgan, Bitcoin Raises Concerns

By Leave a Comment

Computer circuit board

Chipmaker Company, Marvell Technology, to Buy its Rival Cavium in $6 billion Deal

By Leave a Comment

Thanksgiving dinner

Thanksgiving Dinner Will Cost Less This Year as Food Gets Cheaper

By Leave a Comment

Doctors in surgery

Vermont Is Preparing New Health Care System

By Leave a Comment

Saudi Arabia’s capital city Riyadh

Saudi Arabia Has Just Bought Huge Stake in Uber

By Leave a Comment

No Agreement Yet on the Trans-Pacific Partnership

By Leave a Comment

Samsung Shareholders Approve Deal Which Sees Lee Family Gain More Control

By Leave a Comment

Related Articles

  • mental health written on wooden pieces

    Young People Should be Taught How to Cope with Mental Health Problems

  • doctor analyzing brain injuries

    Childhood Brain Injuries Could Lead to ADHD

  • Protest signs that favor immigrants.

    America No Longer Made Up of Immigrants, As USCIS Updates Mission Statement

  • President Trump at a rally.

    President Trump Reportedly Asked James Comey To Publicly Exonerate Him In The Russia Probe

  • Hasbro reported low sales due to cooling interest in Star Wars.

    Hasbro Toy Sales Took A Dive As Star Wars Craze Loses Steam

  • Fujifilm takes over Xerox Corp.

    Fujifilm To Acquire Xerox And Create Joint Venture In $6.1 Billion Deal

  • Netflix took a charge of $39 million for abandoning projects related to Kevin Spacey.

    Kevin Spacey Controversy Cost Netflix $39 Million

  • Republican tax bill drove a wedge between US citizens and the GOP., poll shows.

    Poll Suggests The Republican Tax Bill Made The GOP More Unpopular

  • Steve Bannon takes back accusation of Donald Trump Jr. being "unpatriotic" and "traitorous".

    Steve Bannon Apologizes For Accusing Donald Trump Jr. of “Treasonous” Behaviour

  • Donald Trump Jr. speaking at a rally.

    Donald Trump Jr. Questioned for 8 Hours About Russia Meetings By House Intelligence Commitee

Categories

  • Business
  • Entertainment
  • Financial News
  • Lifestyle & Health
  • Nation & Politics
  • National News
  • Nature
  • Science
  • Technology & Research
  • World

Copyright © 2021 WallStreetHedge.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.