text: The son in law of disgraced New York politician Sheldon Silver was indicted Monday on two charges unrelated to the separate investigation into his famous power-broker relative. Just three months after Silver himself was arrested on corruption charges, his son-in-law Marcello Trebitsch, 37, was accused of running a $7million Ponzi scheme. The Brooklyn resident was in court on Monday as prosecutors accused him of lying to investors about stock losses and pocketing most of the money entrusted to him for trading. Trebitsch is married to Silver's daughter Michelle. Despite being a co-owner of their mutual fund, Allese Capital LLC, and a certified public accountant who 'kept the books', Michelle has not been charged in the scheme. The son-in-law of Sheldon Silver was charged Monday with allegedly running a $7million Ponzi scheme. Silver, the former Speaker of the New York State Assembly, was charged in January for allegedly taking $4million in brides and kickbacks since 200. Silver pictured above entering court for his arraignment on February 24 . The criminal complaint was filed by Manhattan U.S. Attorney Preet Bhahara, the same prosecutor who led the investigation into Silver's alleged corruption.  But sources told the New York Daily News that the investigations are unrelated. 'Investing in securities entails certain risks, but should not include the risk of being defrauded by one’s investment manager,' Bhahara said. According to the complaint, Trebitsch took millions from investors, promising to invest their money in large-cap stocks through his mutual fund. However, prosecutors say he only invested a fraction of the money and used the rest to finance his family and pay back other clients. Meanwhile, he allegedly lied to investors about what money he did invest, sending them fake account statements and tax forms that showed them posting positive returns along the lines of his promised 14 to 16 per cent - keeping 'enormous trading losses' secret. Trebitsch ran the scheme from 2009 through December 2014, according to the complaint. Trebitsch has been charged with securities and wire fraud and is currently free on $500,000 bond. If convicted he faces the possibility of 40 years in prison and fines of up to $5.25million. Father-in-law Silver was arrested in January, on charges he took $4million in brides and kickbacks since at least 2000. Following his arrest, Silver was forced to give up his leadership position as Speaker of the New York State Assembly. Silver has viciously denied the charges, and has said he is 'confident' he will be 'vindicated in the courtroom'. If convicted, the 71-year-old faces the possibility of 60 years in prison.
target: Marcello Trebitsch, 37, was indicted Monday on securities and wire fraud charges .
  The Brooklyn resident is married to the daughter of disgraced former New York State Assembly Speaker Sheldon Silver .
  Just three months ago, the same prosecutor hit Silver with corruption charges for allegedly taking $4million in bribes and kickbacks .
  Silver has fiercely denied the charges .