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Federal authorities said prominent Massachusetts businessman and philanthropist Carl Shapiro has agreed to forfeit the funds that will be distributed to investors who lost money in jailed financier Bernard Madoff's fraud.
The lawsuit was filed in the U.S. Bankruptcy Court for the Southern District of New York.
Brooklyn Assemblyman William Colton said the state is owed $14.4 billion in delinquent taxes and wants Albany to make a greater effort to collect the money.
Picard said his firm is seeking about $69 million in funds deposited by the company's customers and stolen in the 72-year-old's vast Ponzi scheme.
The lawsuit alleges 23 counts of financial fraud and misconduct. It seeks to recover at least $2 billion to be distributed to Madoff victims.
Bongiorno and another former Madoff aide were arrested last week on conspiracy, securities fraud and other charges arising from the multibillion-dollar Ponzi scheme. They could each face decades in prison if convicted.
A half dozen employees have been charged since FBI agents showed up at Madoff's penthouse apartment in Manhattan on Dec. 11, 2008.
Two longtime back office employees of Bernard Madoff were arrested Thursday on charges that they helped the disgraced financier dupe investors for decades by making fictitious investments.
The last of financial scammer Bernard Madoff's possessions from his Manhattan penthouse and Montauk beach house sold in an auction yesterday in Midtown.
A 10.5-carat diamond engagement ring once worn by Ruth Madoff -- worth at least $300,000 -- was auctioned off Saturday to an anonymous bidder for $550,000.
Federal officials had seized the home, along with Madoff's other properties and assets in New York and elsewhere. Proceeds from the sales of those assets are expected to benefit the victims of Madoff's financial scheme.
In his most expansive comments on the subject, the Mets owner talks about being ripped off by Ponzi schemer Bernard Madoff.
Lawyers for three alleged cohorts of disgraced financier Bernard Madoff say the case is mired in a mountain of potential evidence.
The owners of the Mets should be held accountable for letting their workers put more than $16 million in 401(k) assets into accounts controlled by Bernard Madoff, a widow said in a lawsuit.
An accident reconstruction team was trying to determine what happened to the bus in upstate New York, authorities said.
A festive crowd showed up to say farewell to the Christmas tree that's headed to Rockefeller Center.
Incumbent Rep. Marc Molinaro and Josh Riley are facing off for New York's 19th Congressional District.
A shooting on the Upper West Side caused major delays on multiple subway lines Thursday in New York City.
A National Grid crew was making repairs in Queens when a gas line and water line were damaged Thursday.
Incumbent Rep. Marc Molinaro and Josh Riley are facing off for New York's 19th Congressional District.
A shooting on the Upper West Side caused major delays on multiple subway lines Thursday in New York City.
A National Grid crew was making repairs in Queens when a gas line and water line were damaged Thursday.
Brooklyn rapper Tekashi 6ix9ine is one step closer to being released from jail after making a deal with federal prosecutors.
Influencer Matthew Choi has been banned from the New York City Marathon after running the 2024 race with a camera crew in tow.
Connecticut election results show Vice President Kamala Harris won the state, and Sen. Chris Murphy was reelected, CBS News projects.
This Election Day is expected to be one of our warmest ever on record for New York City and the surrounding area.
Here's how to find your polling location for Election Day 2024 in New York, New Jersey and Connecticut.
Here's when polls opened and closed Tuesday for Election Day 2024 in New York, New Jersey and Connecticut.
A warming trend starts Monday around the NYC area, with record-breaking temperatures expected later this week.
Two New Jersey Democrats made history on Tuesday, but vote margins in the state are reasons for some concern.
The New Jersey Forest Fire Service says a wildfire is burning near South Stump Tavern Road in Jackson Township.
As part of our #BetterTogether initiative, we are partnering for the third year with the Community Food Bank of New Jersey to help feed families this holiday season.
New Jersey election results show Vice President Kamala Harris won the state, and Rep. Andy Kim won former Sen. Bob Menendez's seat, CBS News projects.
Tom Kean Jr. won his reelection bid against challenger Sue Altman in New Jersey's 7th congressional district, CBS News projects.
New York State Police say they are now conducting two investigations into Long Island State Trooper Thomas Mascia, who claimed he was shot in the leg while on the job last week.
New York Sen. Kirsten Gillibrand has won her bid for reelection against Republican challenger Mike Sapraicone, CBS News projects.
Democrat Laura Gillen has declared victory over Anthony D'Esposito in New York's 4th Congressional District. CBS News has not projected a winner.
Rep. Nick LaLota has fended off challenger John Avlon in New York's Congressional District 1 race, CBS News projects.
The FBI's New York division and New York law enforcement say they're prioritizing election security ahead of Election Day.
Incumbent Rep. Marc Molinaro and Josh Riley are facing off for New York's 19th Congressional District.
President Biden addressed the nation on the election results and the transition of power, with his predecessor set to return to the White House.
A Republican hold on the lower Hudson Valley may help the retain control of the House of Representatives.
Two New Jersey Democrats made history on Tuesday, but vote margins in the state are reasons for some concern.
With Donald Trump projected the winner of the 2024 presidential election, N.Y. Attorney General Letitia James and other leaders are reacting.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Dozens of New York and New Jersey schools are impacted by a recall of meat and poultry products potentially contaminated with listeria.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Brooklyn rapper Tekashi 6ix9ine is one step closer to being released from jail after making a deal with federal prosecutors.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
Rapper Tekashi 6ix9ine has been arrested in New York City for alleged violations of the conditions of supervised release that were set when he was sentenced several years ago to two years in prison in a racketeering case.
Teri Garr rose from being a background dancer in Elvis Presley movies to co-star in such favorites as "Young Frankenstein" and "Tootsie."
Timothée Chalamet surprised the crowd at his own look-alike contest at Washington Square Park in Manhattan.
The Atlanta Hawks rallied late to beat the New York Knicks on Wednesday night.
Bo Horvat scored the only goal in a shootout and the New York Islanders rallied past the Pittsburgh Penguins on Tuesday night.
The Steelers have traded for a wide receiver from the Jets and an edge rusher from the Packers before the NFL's trade deadline.
Jake Allen made 31 saves, helping the Devils close their road trip with a 3-0 victory over the Oilers on Monday.
Alperen Sengun had 25 points and 14 rebounds, and the Houston Rockets held on for a 109-97 win over the New York Knicks on Monday night.
A Bronx resident says illegally parked RVs and abandoned vehicles have been an eyesore in his community for years.
PowerUP is a business competition started by the Brooklyn Public Library following economic turmoil in the wake of 9/11.
Harlem School of the Arts students designed and painted four new murals for Wollman Rink.
In the Queens neighborhood known as Little Guyana, preparations are underway for the community's annual Diwali festival.
The Bergen Beach home on East 72nd Street and Avenue K has become a neighborhood attraction.
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."
Former Georgia election workers sued the former New York City mayor over lies he spread about them in 2020. CBS News New York's Cindy Hsu reports.
CBS News New York's Tony Sadiku is calling for mostly sunny skies and temperatures in the upper 60s over the next few days.
National Grid, the FDNY, and the DEP responded to the intersection of 101st Avenue and 121st Street in South Richmond Hill. CBS News New York's Natalie Duddridge has the latest.
The New Jersey Forest Fire Service says the blaze is now 40% contained. CBS News New York's Christine Sloan has the story from Jackson Township.
The president-elect is currently fully immersed in deciding on cabinet positions as he prepares for what promises to be an eventful first 100 days in office. CBS News New York's Marcia Kramer reports.
