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Silver pleads not guilty to corruption charges

Former New York Assembly Speaker Sheldon Silver pleaded not guilty Tuesday to new charges that he moved kickbacks into high-yield investment funds, part of a federal corruption case that has already forced the Manhattan Democrat to step down from his post.

Silver used his relationship with an unidentified investor, who wasn’t told where the money came from, to distribute his “crime proceeds across numerous high-yield investment vehicles not available to the general public,” prosecutors said in a revised indictment filed last week.

Silver pleaded not guilty through his lawyers at a hearing in Manhattan federal court.