Sheldon Silver found guilty on all counts in corruption trial

Former State Assembly speaker's trial shone light on real estate dealings in Albany

TRD New York /
Nov.November 30, 2015 04:55 PM

Sheldon Silver, the former speaker of the New York State Assembly and one of the state’s most powerful politicians, was convicted Monday in a federal corruption trial that shone a light on the real estate lobby’s dealings in Albany.

Silver, 71, was convicted on all seven counts of honest services fraud, extortion and money laundering that he faced over five weeks of trial in Federal District Court in Lower Manhattan.

A Democrat who served more than two decades as Assembly speaker before being forced to resign after his arrest in January, Silver will automatically forfeit the Assembly seat that he has held since 1977, according to the New York Times.

The trial saw federal prosecutors present evidence that Silver had obtained nearly $4 million in illegal payments through two schemes he orchestrated – one involving developers Glenwood Management and Steve Witkoff, who diverted tax business to a law firm, Goldberg & Iryami, that secretly shared fees with Silver.

In return, Silver lent support to rent legislation backed by Glenwood and met with the firm’s lobbyists.

Silver is the most prominent in a string of state lawmakers convicted by prosecutors in the office of Preet Bharara, the U.S. attorney for the Southern District of New York. Bharara’s office is also trying Dean Skelos, the former majority leader of the New York State Senate whose case also involves ties to Glenwood. [NYT]Rey Mashayekhi


Related Articles

arrow_forward_ios
TRD Talks Live

Watch major NYC developers tonight on TRD TALKS LIVE

Watch major NYC developers tonight on TRD TALKS LIVE
(Credit: iStock)

No more playrooms, pools or gyms as NYC resi buildings hunker down

No more playrooms, pools or gyms as NYC resi buildings hunker down
Sheldon Silver (Credit: Getty Images)

Sheldon Silver’s conviction for real estate scheme is upheld

Sheldon Silver’s conviction for real estate scheme is upheld
207 East 94th Street, Glenwood Management’s Carole Pittelman and Hirschfeld Properties’ Elie Hirschfeld (Credit: Google Maps)

Glenwood Management makes rare sale with Upper East Side deal

Glenwood Management makes rare sale with Upper East Side deal
From left: Colgate chairman Ian Cook and 1115 Fifth Avenue and 912 Fifth Avenue (Credit: Cuny, StreetEasy)

He sold enough toothpaste to buy this tony Carnegie Hill pad

He sold enough toothpaste to buy this tony Carnegie Hill pad
Steve Witkoff and the property at 2805 Lake Avenue

Developer Steve Witkoff revealed as buyer of Sunset Islands home

Developer Steve Witkoff revealed as buyer of Sunset Islands home
10 Madison Square West (Credit: StreetEasy, iStock)

Lawsuit: Pet Smart’s animal excrement is stinking up this $11K-a-month apartment

Lawsuit: Pet Smart’s animal excrement is stinking up this $11K-a-month apartment
The Stratford at 1385 York Avenue (Credit: Google Maps)

Former Glenwood employee claims she was fired after rejecting supervisor’s sexual advances

Former Glenwood employee claims she was fired after rejecting supervisor’s sexual advances
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...