Former New York State Assembly Speaker Sheldon Silver’s 37-year-old daughter, Michelle Trebitsch, will likely be criminally charged in the $7 million Ponzi scheme her husband, Rabbi Marcello “Yair” Trebitsch, allegedly ran, a law enforcement source says.
Above: Sheldon Silver, left; Rabbi Marcello "Yair" Trebitsch, right
Sheldon Silver’s Daughter Likely To Be Indicted In Fraud Case, Law Enforcement Source Reportedly Says
Shmarya Rosenberg • FailedMessiah.com
Former New York State Assembly Speaker Sheldon Silver’s 37-year-old daughter, Michelle Trebitsch, will likely be criminally charged in the alleged $7 million Ponzi scheme her husband, Rabbi Marcello “Yair” Trebitsch, allegedly ran, the New York Post reported Tuesday night.
Rabbi Marcello “Yair” Trebitsch was arrested by federal authorities Monday and charged in Manhattan federal court with securities and wire fraud. He was released on a $500,000 bond and reportedly faces as much as 40 years in prison along with $5.25 million in possible fines.
Michelle Trebitsch “is involved” in the scheme and “most likely will squeeze a plea [deal],” an unnamed law enforcement source told the Post.
She reportedly held some of the bank and brokerage accounts into which Marcello allegedly deposited proceeds from the scheme, and in 2010 she reportedly moved about $422,000 of that illegal money into an account under the name “Israeli Car Rental Co.” that she allegedly controlled.
The government claims Marcello Trebitsch only invested a small amount of clients’ money in the stock market and used the rest for himself and to further the alleged scheme, and the little money he actually invested in the stock market he lost.
Among the evidence against him reportedly is a handwritten note that was found in a suitcase at the couple’s Brooklyn home.
“Nothing that I can say can justify what I have done,” the note reportedly says. Along with it was found a fraudulent balance sheet of his alleged victims’ “investments.”
Michelle Trebitsch’s father, former New York State Assembly Speaker Sheldon Silver, was arrested by federal authorities in January for allegedly taking almost $4 million in bribes and kickbacks, causing him to resign as state assembly speaker. Silver faces as much as 60 years prison.
The charges against Silver are said to be unrelated to the charges against Rabbi Marcello “Yair” Trebitsch and the potential charges against Siver’s daughter Michelle.
Both Trebitsches and Silver are Orthodox Jews.
Michelle and Rabbi Marcello "Yair" Trebitsch are the parents of six children.
Related Posts:
Sheldon Silver’s Son-In-Law Busted By FBI In Alleged $7 Million Ponzi Scheme.
Video: Watch Alleged Ponzi Schemer Rabbi Marcello “Yair” Trebitsch Teach Talmud.
The Criminal Complaint Against Sheldon "Shelly" Silver.
All Sheldon Silver Posts.
[Hat Tip: The Lion.]