Friday, January 23, 2015

Silver's Dilemma




Sheldon Silver, the speaker of the New York Assembly, exploited his position as one of the most powerful politicians in the state to obtain millions of dollars in bribes and kickbacks, federal authorities said.

For years, Mr. Silver has earned a lucrative income outside government, asserting that he was a personal injury lawyer who represented ordinary people. But federal prosecutors said his purported law practice was a fiction, he created to mask about $4 million in payoffs.

He was accused of steering real estate developers to a law firm that paid him kickbacks and funneling state grants to a doctor who referred asbestos claims to a second law firm that employed Mr. Silver and paid him fees for referring clients.

A federal magistrate judge issued seizure warrants to block Mr. Silver from access to $3.8 million that the speaker had spread among eight bank and asset-management accounts.

*Can Mr. Silver be a partner in a Law Firm or .. in addition to his Job?

* Can he get compansated on the partnership?

* Did he force any to go to these firms or to get paid?

Obviously, he got $4 Millions since 1994 [20 years] and still have $3.8 Millions in the bank. So he is not a big spender. Wait for additional info.

Just a thought.

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