Sheldon Silver, Corruption, New York 2016

Sheldon Silver, Corruption, New York 2016

A former New York State Assembly Speaker has faced justice for his corrupt actions. Sheldon Silver, a once-prominent figure in New York politics, has been sentenced for his crimes.

Silver was convicted of corruption charges, including honest services mail fraud, honest services wire fraud, and money laundering conspiracy. The charges stemmed from a long-running scheme in which Silver accepted millions of dollars in bribes and kickbacks from real estate developers and others in exchange for using his influence to secure state funding for their projects.

The sentencing came after a lengthy investigation by federal authorities, who uncovered evidence of Silver’s extensive corruption. The evidence showed that Silver used his position to secure tens of millions of dollars in funding for projects controlled by real estate developers who paid him bribes and kickbacks.

The investigation revealed that Silver accepted over $4 million in bribes and kickbacks from real estate developers and others between 2000 and 2014. The bribes and kickbacks were disguised as payments for referrals to law firms that represented the developers.

Silver was sentenced to 12 years in prison and ordered to pay a $1.75 million fine. The sentence was handed down on October 13, 2016, in a Manhattan federal court.

Sheldon Silver, 71, was a Democrat who served as New York State Assembly Speaker from 1994 to 2015. He was arrested in January 2015 and charged with corruption-related crimes. Silver’s sentencing marks the end of a long and tumultuous chapter in his career.

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