News Son-in-law of former state Assembly Speaker Sheldon Silver pleads guilty to Ponzi scheme By NEWSDAY email@example.com Updated July 14, 2015 8:20 AM Print Share fbShare Tweet Email The son-in-law of former state Assembly Speaker Sheldon Silver pleaded guilty on Monday in federal court in Manhattan to fraud for engineering a $6 million Ponzi scheme. Marcello Trebitsch, 37, of Brooklyn, told U.S. District Judge Vernon Broderick that from 2007 to 2014 he promised investors double-digit returns, sent them phony account statements to hide losses, and used their money for himself and to repay other investors. He pleaded guilty to securities fraud, and faces a maximum of 20 years in jail. Federal sentencing guidelines call for him to serve 51 to 63 months. Silver, a Manhattan Democrat who led the Assembly for more than 20 years, resigned this year and is facing federal corruption charges for using his clout to generate law firm referral fees. By NEWSDAY firstname.lastname@example.org Share on Facebook Share on Twitter Comments We're revamping our Comments section. Learn more and share your input.