Assembly man Mr. Silver is being charged by prosecutors for two charges of mail fraud, and an extortion fraud. The Manhattan federal grand jury found Silver guilty of bribery, schemes, mail fraud, extortion of funds, that led to his dismissal and appointment of a new speaker Carl Heastie.
Although Mr. Silver still remains an Assembly man, he was arrested in January and will go to the district court in Manhattan for further trials and hearings. Joel Cohen and Steve Molo who are both lawyers for Mr. Silver are both willing to battle in court for his innocence. The chances of winning this case are very low, however, the stakes are high, there will be more "balance to their paychecks" should Mr. Silver be acquitted.
Mr. Silver apparently received $3.4 million in bribery, performing illegal real estate deals, and funding medical researches. Silver will also pay additional fines for not disclosing other transactions; this secretive practices might put him in much more difficult situations than he is already in. Elites in Albany are calling for stricter legislative laws concerning the incomes of lawmakers outside of the scopes of office. Records of Silvers indictment have been released, which shows Silver preventing the disclosure of his outside income report. The New York State of politics blog by Nick Reisman also stated that Wietz and Luxenberg [a law firm] hired Mr. Silver in 2002, and also put him on leave after confirming his engagement in fraud, and concealment of outside activities.
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