The Speaker of the New York State Assembly, Sheldon Silver, was arrested by the FBI on corruption charges Thursday. Prosecutors allege that Silver, a Democrat who’s served as speaker for more than two decades, was paid more than $4 million from a small New York lawfirm that focuses on real-estate tax reductions for residential and commercial properties.
Silver failed to list the payments from the firm, Goldberg & Iryami, on his annual financial-disclosure filings with the state.
He faces five counts including mail fraud, wire fraud, and extortion. According to the complaint, he ran a scheme “to induce real estate developers with business before the state” and was pulling payments for referrals he gave the firm. Read more at The New York Times.
{Andy Heller-Matzav.com Newscenter}
