- - Monday, April 13, 2015

Corruption charges run in the family in New York state.

According to the New York Post, disgraced former Assembly Speaker Sheldon Silver, a Democrat, now has a son-in-law in legal hot water — in this case on federal charges of running a multimillion-dollar Ponzi scheme.

“Marcello Trebitsch, who’s married to Silver’s daughter, Michelle Trebitsch, allegedly promised his victims double-digit returns with very low risk before the scam collapsed,” the report by Post reporters Bruce Golding and Rich Calder reads.

It said Mr. Trebitsch was “busted by the FBI” on Monday.

The federal indictment says Mr. Trebitsch told investor-victims that their money would be used to buy large-cap stocks via Allese Capital LLC, which he and his wife co-own. Instead, he used a significant portion of the money to pay off other investors and/or diverted to personal use.



Mrs. Trebitsch is a certified public accountant, the Post reported.

Mr. Silver is currently fighting corruption charges that forced him to give up the leadership post in Albany he held for more than two decades,” the Post noted.

 

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