CRIME

Ex-NY Assembly speaker scheduled to enter plea to new charge in corruption indictment

  • File-This March 3, 2015, file photo shows former State Assembly speaker Sheldon Silver joining a coalition of elected officials and civic leaders at a press conference outside City Hall in New York. The former New York state Assembly Speaker is scheduled to enter a plea to the latest version of a criminal indictment that led him to step down from his powerful post.The Democrat is set to enter a plea Tuesday, April 28, 2015, in Manhattan federal court. Last week, prosecutors boosted charges against Silver, saying he did “certain official” favors for an investor who gave him access to high-yield investment opportunities. (AP Photo/Bebeto Matthews, File)

    File-This March 3, 2015, file photo shows former State Assembly speaker Sheldon Silver joining a coalition of elected officials and civic leaders at a press conference outside City Hall in New York. The former New York state Assembly Speaker is scheduled to enter a plea to the latest version of a criminal indictment that led him to step down from his powerful post.The Democrat is set to enter a plea Tuesday, April 28, 2015, in Manhattan federal court. Last week, prosecutors boosted charges against Silver, saying he did “certain official” favors for an investor who gave him access to high-yield investment opportunities. (AP Photo/Bebeto Matthews, File)  (The Associated Press)

  • Former New York state Assembly Speaker Sheldon Silver speaks to reporters as he leaves court, Tuesday, April 28, 2015, in New York. A Nov. 2 trial date has been set for a jury to hear the corruption case brought against Silver. (AP Photo/Mary Altaffer)

    Former New York state Assembly Speaker Sheldon Silver speaks to reporters as he leaves court, Tuesday, April 28, 2015, in New York. A Nov. 2 trial date has been set for a jury to hear the corruption case brought against Silver. (AP Photo/Mary Altaffer)  (The Associated Press)

  • Former New York state Assembly Speaker Sheldon Silver, left, leaves court, Tuesday, April 28, 2015, in New York. A November 2 trial date has been set for a jury to hear the corruption case brought against Silver. (AP Photo/Mary Altaffer)

    Former New York state Assembly Speaker Sheldon Silver, left, leaves court, Tuesday, April 28, 2015, in New York. A November 2 trial date has been set for a jury to hear the corruption case brought against Silver. (AP Photo/Mary Altaffer)  (The Associated Press)

Former New York state Assembly Speaker Sheldon Silver is scheduled to enter a plea to the latest version of a criminal indictment that led him to step down from his powerful post.

The Democrat is set to enter a plea in Manhattan federal court on Tuesday. Last week, prosecutors boosted charges against Silver, saying he did "certain official" favors for an investor who gave him access to high-yield investment opportunities.

The accusation was added to an indictment that alleged he exploited his power in Albany to collect $4 million in kickbacks.

Silver, who pleaded not guilty to the indictment previously and said he will be vindicated, stepped down from his job as Assembly speaker after his January arrest. He has retained his Assembly seat.

The rewritten indictment alleges that Silver in 2006 exploited his relationship with a person identified in court papers only as "Investor-1" to gain access to private, high-yield, low-risk investment opportunities not normally available to the public.

According to the indictment, Silver transferred $642,000 into investment vehicles that more than doubled in value over the next decade to over $1.4 million.

It said Silver distributed his crime proceeds across numerous high-yield investment vehicles and then rewarded the investment adviser by taking "certain official actions" the adviser had requested.

Silver attorneys Joel Cohen and Steven Molo said the new charge was an attempt by the government to address flaws in the indictment that the defense pointed out.