Sheldon Silver’s son-in-law charged in $7M Ponzi scheme
A son-in-law of former New York Assembly Speaker Sheldon Silver was charged with defrauding investors out of $7 million in a Ponzi scheme, according to a federal complaint.
Marcello Trebitsch appeared in court in Manhattan on Monday night on one count of wire fraud and one count of securities fraud. He was released on bond. If convicted, he faces up to 20 years in prison and a $5 million fine.
He is married to Michelle Trebitsch, Silver’s daughter. The former Democrat powerbroker stepped down from his leadership position after being indicted on corruption charges in January.