Saturday, May 7, 2016

Hillary’s Biggest NY Backer Just Got 12 Years In Prison


        

Silver Also To Pay a $1.75 Million Fine To Take Into Account Taxpayer Funded Pension WHITE PLAINS – Preet Bharara, the United States Attorney for the Southern District of New York, announced on May 3, 2016, that former New York State Assembly Speaker Sheldon Silver was sentenced Tuesday afternoon to 12 years in prison after having been found guilty by a federal jury of using his official position to obtain nearly $4 million in bribes and kickbacks in exchange for his official acts and obtaining another $1 million through laundering the proceeds of his crimes.

Silver, SheldonSilver was sentenced in Manhattan federal court by U.S. District Judge Valerie E. Caproni who also presided over the five-week jury trial. U.S. Attorney Preet Bharara said, “Today’s stiff sentence is a just and fitting end to Sheldon Silver’s long career of corruption.” In addition to the prison sentence, Judge Caproni ordered Sheldon Silver, 72, of New York, New York, to pay a $1.75 million fine, forfeit $5.3 million, and pay a $700 special assessment fee.  Silver also was sentenced to two years of supervised release. The Government had sought a fine above the Sentencing Guidelines level in light of the taxpayer-funded pension that Silver will received for the rest of his life, despite having been convicted of federal corruption offenses.  In imposing the fine, Judge Caproni took into account Silver’s pension. Silver was found guilty by a unanimous jury on November 30, 2015, of two counts of honest services wire fraud, two counts of honest services mail fraud, two counts of extortion under color of official right, and one count of engaging in illegal monetary transactions.



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