Ex-N.Y. Speaker Silver Pleads Innocent to New Charges
Sheldon Silver, New York state assembly speaker, right, exits federal court in New York, on Jan. 22, 2015.
Photographer: Victor J. Blue/BloombergFormer New York Assembly Speaker Sheldon Silver pleaded not guilty to new charges that he moved kickbacks into high-yield investment funds, in a federal corruption case that has already forced the Manhattan Democrat to step down from his post. A judge set a Nov. 2 trial date.
Silver, 71, one of the most powerful New York politicians for more than two decades until his arrest, used his relationship with an unidentified investor to distribute “crime proceeds across numerous high-yield investment vehicles not available to the general public,” prosecutors said in a revised indictment filed last week. The investor wasn’t told where the money came from, the government said.