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Glenwood Management’s Reputation Sullied as Role in Corruption Case Revealed

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Sheldon Silver, the former speaker of the State Assembly, was arrested on Jan. 21. On Nov. 30, Silver was found guilty on all corruption charges counts and was removed by law from his position as a member of the Assembly.

It has been revealed that Glenwood Management was the real estate developer at the heart of the Sheldon Silver and Dean Skelos corruption cases. Supposedly, Glenwood Management “showered millions on New York polls,” as reports New York Post.

According to The Real Deal: New York Real Estate News, prosecutors argued that Silver’s relationship with Glenwood Management was part of a kickback network that illegally earned the lawmaker $700,000.

Richard Runes, a lobbyist for Glenwood Management and key witness in the corruption trial of former Assembly Speaker Sheldon Silver, testified that he and his employer felt trapped when they realized the company was unwittingly paying the power lawmaker a secret retainer fee.

According to Runes’ testimony during the third week of the federal corruption trial against Silver, once Glenwood discovered Goldberg & Iryami was making payments to the powerful Democratic politician, company CEO Leonard Litwin personally made the decision to remove Silver’s name from a public document that would have disclosed the fee-sharing arrangement, the Wall Street Journal reported.

As stated by The Real Deal: New York Real Estate News, Sheldon Silver, the former speaker of the State Assembly, was arrested on Jan. 21 on charges that he abused his office in order to obtain nearly $4 million in illicit payments through two law firms, while saying publicly that the money came from legitimate legal work.

Born in Feb. 1944, Sheldon “Shelly” Silver is an American lawyer and Democratic Party politician, originally from New York, who rose to become Speaker of the New York State Assembly in 1994. On Jan. 30, 2015, eight days after his arrest on federal corruption charges, Silver submitted his resignation as Speaker, effective Feb. 2, in order to defend himself against the charges. On Nov. 30, Silver was found guilty on all corruption charges counts and as a result, he was removed by law from his position as a member of the Assembly.

Raphael Rahamani

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