How Sheldon Silver Became a Convicted Felon Thanks to Shady Real Estate Relationships

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Sheldon Silver in police car arrested

January 14, 2016- Commercial Observer has a lengthy story explaining how sleazy real estate kickbacks were the downfall of Sheldon Silver, “Today, Silver’s lost not only his speakership, but his Assembly seat—unceremoniously ejected from the chamber following his conviction on felony charges that he’d sold his office for more than $4 million. His history of fighting on behalf of tenants was tainted by a trial that saw him accused of accepting kickbacks, described as legal fees, from Glenwood Management—while presiding over legislation that was worth billions to the industry. He’ll be sentenced in April, and faces decades in prison. And that 421a tax credit renewal, much discussed at his trial, still hasn’t been settled.”

 

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