The Real Deal New York

Sheldon Silver wins one-year get-out-of-jail card

Former Assembly speaker received bail pending appeal of his corruption conviction

August 25, 2016 06:15PM

Sheldon Silver

Sheldon Silver

Sheldon Silver won’t have to go to jail for at least another year after a judge granted him bail pending appeal, according to a report.

The former speaker of the State Assembly had been sentenced to 12 years in prison for corruption in May, and initially faced a surrender date of Aug. 31. Silver will still have to start paying $7 million in fines and forfeitures in monthly payments of $5,846 starting Sept. 1.

Silver is appealing his conviction over fraud, extortion and money laundering charges based on a recent Supreme Court ruling that defined corruption more narrowly than before.

Prosecutors found that Silver received at least $4 million in illegal payments. One scheme involved Glenwood Management and Steve Witkoff, who referred business to a law firm that secretly paid fees to Silver.

Soon after Silver’s conviction, State Senate Majority Leader Dean Skelos and his son Adam were also found guilty of corruption[NYP] – Konrad Putzier