Son-in-law of former state Assembly Speaker Sheldon Silver pleads guilty to Ponzi scheme
The son-in-law of former state Assembly Speaker Sheldon Silver pleaded guilty on Monday in federal court in Manhattan to fraud for engineering a $6 million Ponzi scheme.
Marcello Trebitsch, 37, of Brooklyn, told U.S. District Judge Vernon Broderick that from 2007 to 2014 he promised investors double-digit returns, sent them phony account statements to hide losses, and used their money for himself and to repay other investors.
He pleaded guilty to securities fraud, and faces a maximum of 20 years in jail. Federal sentencing guidelines call for him to serve 51 to 63 months.
Silver, a Manhattan Democrat who led the Assembly for more than 20 years, resigned this year and is facing federal corruption charges for using his clout to generate law firm referral fees.
Sarra Sounds Off, Season 3, Ep 2: Garden City vs. Massapequa, fantasy update and plays of the week Gregg Sarra sounds off on the hype of the Garden City vs. Massapequa matchup, plus Tess Ferguson at Floyd girls tennis with the Van Cott twins, the plays of the week and a high school fantasy football update on the latest epsiode of Sarra Sounds Off.
Sarra Sounds Off, Season 3, Ep 2: Garden City vs. Massapequa, fantasy update and plays of the week Gregg Sarra sounds off on the hype of the Garden City vs. Massapequa matchup, plus Tess Ferguson at Floyd girls tennis with the Van Cott twins, the plays of the week and a high school fantasy football update on the latest epsiode of Sarra Sounds Off.
