Federal authorities have taken Assembly Speaker Sheldon Silver into custody on corruption charges.

An FBI Spokesperson has confirmed that Silver was taken into custody around 8 a.m. today.

According the to New York Times, Silver did not list payments he received from Goldberg & Iryami on his annual financial disclosure filings.

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Silver, 70, has been the Speaker of the Assembly since 1994. We will bring you more on this story as details are known. Stay tuned!