Sheldon Silver’s son-in-law arrested, accused of defrauding investors with $7M Ponzi scheme

[flowers]

http://www.nydailynews.com/news/politics/sheldon-silver-son-in-law-accused-7m-ponzi-scam-article-1.2184076

Yet more tarnish has befallen the Silver name.

Indicted former Assembly speaker Sheldon Silver’s son-in-law was arrested and charged Monday with running a $7 million Ponzi scam.

Marcello Trebitsch, 37, of Brooklyn, who is married to Silver’s daughter, Michelle Trebitsch, was busted on federal wire fraud and securities charges.

Trebitsch’s arrest comes less than three months after Silver was indicted on federal corruption charges stemming from his alleged solicitation of $4 million in bribes and kickbacks.

Like Silver, Trebitsch is being prosecuted by U.S. Attorney Preet Bharara.

“Investing in securities entails certain risks, but should not include the risk of being defrauded by one’s investment manager,” Bharara said of Trebitsch in a statement Monday night.

Investigators charged the Ponzi scheme dates to 2009 and that Trebitsch promised investors up to a whopping 16% annual return on their investments

[Fishrrman]

[[ Indicted former Assembly speaker Sheldon Silver’s son-in-law was arrested and charged Monday with running a $7 million Ponzi scam. ]]

I'm sure he got expert advice from his old man.

Runs in the family, eh!

[EC]

$7 million? His old man should be ashamed of him for being such a timid wuss.

[Bigun]

[[ Indicted former Assembly speaker Sheldon Silver’s son-in-law was arrested and charged Monday with running a $7 million Ponzi scam. ]]

I'm sure he got expert advice from his old man.

Runs in the family, eh!

Chip off of the old block! The apple never falls far from the tree! etc!