Monday, April 13, 2015

Sheldon Silver's son-in-law busted for Ponzi scheme. Silver's daughter also involved.

Democrat culture of corruption. Is it possible that Bernie Sanders is the only honest Democrat?


Sheldon Silver son-in-law busted by FBI in alleged Ponzi scheme


A son-in-law of disgraced former Assembly Speaker Sheldon Silver was busted by the feds Monday on charges he ran a $7 million 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.
Trebistch claimed he would use investors’ money to buy large-cap stocks through Allese Capital LLC, a firm he co-owns with his wife, who is a certified public accountant, according to the feds.
But he only actually invested a portion of the funds — and racked up “enormous trading losses” he kept secret — and spent the rest on himself and to pay back other investors.
Silver is currently fighting corruption charges that forced him to give up the leadership post in Albany he held for more than two decades.

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