Bail Denied for Fmr. Assembly Speaker Sheldon Silver

Former New York Assembly Speaker Sheldon Silver Sentenced For Political Corruption

Former Assembly Speaker Sheldon Silver has lost his last stay-out-of-prison appeal.  

The 74-year-old Silver, who was convicted for a second time in May on federal corruption charges, had asked that he be allowed to remain free on bail while appealing his conviction.  

However, federal judge Valerie Caproni denied his request on Monday, ruling that the true purpose was simply to postpone his day of reckoning.  

As a result, he must now surrender to federal authorities on October 5th.  He was sentenced to seven years in prison for taking nearly $4 million in illegal payments in exchange for official actions on behalf of two real estate developers and a Columbia University cancer researcher.

Photo: Getty Images

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