Justice Department Distributes $568 Million To Bernie Madoff Ponzi Scheme Victims
Thirty-one thousand people lost money in Madoff's financial fraud, one of the biggest in history.
New Jersey wildfire triggers state of emergency for Ocean County
Thirty-one thousand people lost money in Madoff's financial fraud, one of the biggest in history.
Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes.
Attorney Brandon Sample told Judge Denny Chin that Madoff, 81, and confined to a wheelchair, should be allowed to contest claims by prosecutors that he has failed to show remorse.
Madoff's lawyers want him freed under a program that permits the release of some inmates who have less than 18 months to live.
He was sentenced to 150 years in prison for using his investment firm to cheat clients out of billions of dollars.
The Department of Justice confirmed Madoff filed paperwork asking the president, who has final say on clemency, to commute his term.
Attorney Roland Riopelle says 70-year-old Annette Bongiorno will have served two thirds of her six-year prison term by March 19 and should be released then.
The money represents approximately 75% of the estimated $17.5 billion in principal lost by customers who filed claims.
Victims of the Bernard Madoff Ponzi scheme will split a repayment of about $342 million in January under a plan by a court trustee.
A judge sentenced the last defendant in the Bernard Madoff Ponzi scheme case on Wednesday to six months in prison.
A judge spared Paul Konigsberg prison time and agreed not to require post-sentence supervision.
A former accountant who certified fake financial records hiding Bernard Madoff's epic Ponzi scheme was sentenced on Thursday to one year of home confinement.
Annette Bongiorno she apologized to victims of the multi-decade, multi-billion dollar fraud and berated herself for failing to see past her boss's influence and the riches he bestowed on her.
The trustee recovering money for thousands of investors said Monday that a half-billion-dollar settlement has been reached with two financial funds that invested with Ponzi schemer Bernard Madoff.
In an interview with "60 Minutes" in 2011, Madoff insisted he had no idea what his father was up to.
A senior partner at a New York accounting firm has now pleaded guilty to his role in the multi-billion dollar Bernard Madoff Ponzi scheme.
Yeshiva University is reportedly $1 billion in the red, with $500 million in debts and another $500 million in losses with risky investments.
The verdicts came Monday in a Manhattan trial that lasted nearly six months. The federal court trial was the first to result from the multi-decade fraud that landed Madoff in prison for 150 years.
The jury has the monumental task of sorting through five months of testimony to determine whether the ex-Madoff employees knew that their jobs involved perpetuating a massive Ponzi scheme.
The prosecution wraps up closing statements in the trial against five former aides to Ponzi schemer Bernard Madoff. Madoff's former secretary, his former head of operations, an account manager and two computer programmers are on trial.
Convicted swindler Bernie Madoff's secretary took the stand nearly five years after her former boss went to prison.
The fund will distribute assets forfeited in the Madoff case. It's separate from a bankruptcy court proceeding that has recovered money to redistribute to burned Madoff clients.
Madoff was sentenced to 150 years in prison after pleading guilty in 2009 for bilking investors of $65 billion. He ran his operation out of an office in the Lipstick Building in Midtown Manhattan.
The bank will pay $1.7 billion to settle criminal charges and a $350 million civil penalty for what the Treasury Department called "critical and widespread deficiencies'' in its programs to prevent money laundering and other suspicious activity.
New York financier Bernard Madoff's former right-hand man summed up his boss' arrest exactly five years ago with two words: "Madoff Implodes.''
The Jones Road Wildfire rages on in Ocean County, N.J., and the smoke could impact our area in the coming days.
New Jersey issued a state of emergency for Ocean County, where a wildfire is burning in Ocean and Lacey townships.
As a massive wildfire continues to burn in Ocean County, New Jersey, radar imagery is picking up the intense heat and smoke from the flames.
A large brood of periodical cicadas is due to emerge in the spring of 2025. These maps show where people should expect to see, and hear, the bugs this year.
The body of Pope Francis was transferred to St. Peter's Basilica to lie in state for three days so the Catholic faithful and others can pay their respects.
The Jones Road Wildfire rages on in Ocean County, N.J., and the smoke could impact our area in the coming days.
Preston High School in the Bronx will remain open for years to come, Attorney General Letitia James announced Tuesday.
Opening statements are set for Wednesday in former movie mogul Harvey Weinstein's rape retrial.
Congressman James Comer, the chairman of the House Oversight Committee, is once again asking the Department of Justice to prosecute former New York Gov. Andrew Cuomo.
New Yorkers who had a chance to meet Pope Francis during his visit to the city in 2015 are reflecting on their memories with the late pontiff.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
The stock market's wild ride is having an impact on families who use a 529 college savings account, a tax-free way for parents to save for educational expenses.
The man who said his stepmother held him captive for two decades has released his first public statement.
Wind gusts between 30-45 mph will persist into Wednesday across the Tri-State Area
The UConn women's basketball team celebrated its NCAA championship with a victory parade Sunday in downtown Hartford.
The Jones Road Wildfire rages on in Ocean County, N.J., and the smoke could impact our area in the coming days.
New Jersey issued a state of emergency for Ocean County, where a wildfire is burning in Ocean and Lacey townships.
As a massive wildfire continues to burn in Ocean County, New Jersey, radar imagery is picking up the intense heat and smoke from the flames.
A CBS News analysis from April 7-18 shows New Jersey has the lowest compliance of 49 states we've heard back from issuing Real IDs.
A fast-spreading wildfire in Ocean County, New Jersey prompted mandatory evacuations in Ocean Township, Lakewood and Lacey Township.
President Trump says a Long Island high school should be allowed to keep their Native American mascot, going against a statewide ban that went into effect in 2023.
Disgraced former Rep. George Santos sent a lengthy letter to the judge set to sentence him on Friday as prosecutors seek a seven year sentence.
Simple words and gentle gestures -- that is how Long Islanders remember Pope Francis, a pontiff they loved and respected.
Transportation Secretary Sean Duffy warned Gov. Kathy Hochul "New York risks serious consequences" unless it stops collecting congestion pricing tolls.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
Democratic members of Congress demanded their immediate release.
Congressman James Comer, the chairman of the House Oversight Committee, is once again asking the Department of Justice to prosecute former New York Gov. Andrew Cuomo.
A jury concluded The New York Times did not libel former Alaska Gov. Sarah Palin for an error in a 2017 editorial she says damaged her reputation.
Disgraced former Rep. George Santos sent a lengthy letter to the judge set to sentence him on Friday as prosecutors seek a seven year sentence.
A jury has convicted Nadine Menendez, the wife of convicted former New Jersey Sen. Bob Menendez, for her role in a years-long bribery scheme with her husband.
Doctors in New York City were able to save the lives of three children with one heart transplant. Here's how.
A grieving family in Queens wants answers after a young woman died two weeks after giving birth to twins. They believe it was due to complications with her C-section, but say the hospital is not giving them any answers.
A Long Island woman accused of forging vaccination records of students did not appear in court for her arraignment.
Is fluoride actually good or bad for you? Dr. Mallika Marshall answers common questions about fluoride.
Travelers who stopped at a New Jersey Turnpike service area in Middlesex County earlier this month may have been exposed to measles, state health officials say.
Opening statements are set for Wednesday in former movie mogul Harvey Weinstein's rape retrial.
The world famous Radio City Rockettes are holding auditions in New York City Tuesday.
Sean "Diddy" Combs was back in court Friday as a judge denies to delay his sex trafficking and racketeering trial by two months.
The Frick Collection, housed in a luxurious Gilded Age mansion on Fifth Avenue, reopened after the museum's five-year renovation.
Nine jurors were picked Wednesday on the second day of jury selection in Harvey Weinstein's rape retrial.
The Mets defeated the Phillies 5-1 on Tuesday night for their second six-game winning streak already this season.
Tanner Bibee recovered from giving up a home run on his first pitch to work six innings, leading the Guardians to a win over the Yankees.
The Carolina Hurricanes beat the New Jersey Devils 3-1 on Tuesday for a 2-0 lead in their first-round playoff series.
Cade Cunningham had 33 points and 12 rebounds and the Pistons beat the Knicks 100-94 on Monday night in Game 2 of their playoff series.
Francisco Lindor hit two more home runs and the Mets held off the Phillies 5-4 on Monday night in their first meeting this season.
Preston High School in the Bronx will remain open for years to come, Attorney General Letitia James announced Tuesday.
NYCHA is transitioning its doors to electronic key fobs, but tenants at Queensbridge South tell us they don't work.
A computer training school in the Mott Haven section of the Bronx is looking for applicants for a coding fellowship.
After more than 10 years, the Ice Bucket Challenge is back. But this time, it's to raise awareness about mental health.
A Brooklyn-based developer is planning to make history by constructing the tallest Passive House skyscraper in the world in NYC.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
New video shows the woman accused of sneaking onto a flight at JFK Airport last November.
CBS News New York's Tony Sadiku has the latest weather forecast.
Huge lines of people have been filing into the basilica, where the pope's body will remain until Friday before his funeral Saturday. CBS News New York's Elijah Westbrook reports.
While the evacuation orders were lifted early Wednesday, at last update the fire was only 10% contained and burning through 8,500 acres. CBS News New York's Christina Fan has the latest from Lacey Township.
CBS News New York's Rob Marciano has your First Alert Forecast for April 22 at 11 p.m.
