N.Y. state Assembly speaker charged with fraud in corruption probe

NEW YORK, (Reuters) – New York Assembly Speaker Sheldon Silver, one of the state’s most powerful politicians for more than two decades, was charged on Thursday with pocketing $4 million from bribery and kickback schemes.

Sheldon Silver
Sheldon Silver

Silver, a Democrat who has served as the highest-ranking state assemblyman since 1994, was accused in a federal criminal complaint in New York, as authorities moved to seize $3.8 million in proceeds tied to the alleged corruption.

The 70-year-old Silver, a licensed lawyer who represents Manhattan’s Lower East Side, is known as one of Albany’s three most powerful men, alongside Governor Andrew Cuomo and Senate Majority Leader Dean Skelos. He has been a leading voice in years of negotiations over state budgets and key legislation.

The Assembly canceled its Thursday session following Silver’s arrest, less than two weeks after the new legislative session opened.