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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.
A Thanksgiving winter storm is headed for the New York area, but first we'll deal with some rain Tuesday morning.
An Osprey being used to ferry White House staff and government officials from an event in New York was grounded Monday.
Dennis Schroder scored 31 points, and the undermanned Brooklyn Nets rallied to beat Stephen Curry and the Golden State Warriors on Monday night.
OG Anunoby scored a career-high 40 points, and the Knicks rode a torrid start to a 145-118 rout of the Denver Nuggets.
A CBS News New York investigation found online loopholes may be putting New York City's effort to prevent lithium-ion battery fires at risk.
A Thanksgiving winter storm is headed for the New York area, but first we'll deal with some rain Tuesday morning.
An Osprey being used to ferry White House staff and government officials from an event in New York was grounded Monday.
A CBS News New York investigation found online loopholes may be putting New York City's effort to prevent lithium-ion battery fires at risk.
President Joe Biden and first lady Jill Biden made a rare visit to Staten Island on Monday to honor service members and their families ahead of Thanksgiving.
The mystery behind a wealthy New York couple's 1980 disappearance is starting to unravel after a team found their missing car in a Georgia pond.
A Thanksgiving winter storm is headed for the New York area, but first we'll deal with some rain Tuesday morning.
A Thanksgiving storm is forecast to bring rain, and even snow, for some parts of New York and New Jersey.
Thanksgiving week starts Monday with partly sunny skies and temps in the mid 50s, but things will change from there.
The MTA announced the Federal Highway Administration has given congestion pricing the green light, clearing the way for it to start on Jan. 5, 2025.
After a long period of drought and fire hazards, we're getting an early taste of winter. New York, New Jersey and Connecticut have been desperate for rain.
A Thanksgiving winter storm is headed for the New York area, but first we'll deal with some rain Tuesday morning.
New data shows car thefts at Port authority parking lots are spiking by more than 50% this quarter amid the annual holiday travel surge.
A fire in Newark Saturday left more than 80 people - mostly senior citizens - homeless just days before Thanksgiving.
A Thanksgiving storm is forecast to bring rain, and even snow, for some parts of New York and New Jersey.
It's Thanksgiving week and what is expected to be a record number of people will be hitting the road or taking to the sky to celebrate.
A Babylon boat yard went up in flames after an intoxicated woman drove the wrong way and crashed into boats, police said.
New Jersey Sen. George Helmy said congestion pricing could drive businesses out of New York City and into the Garden State on "The Point with Marcia Kramer."
Thanksgiving week starts Monday with partly sunny skies and temps in the mid 50s, but things will change from there.
The MTA announced the Federal Highway Administration has given congestion pricing the green light, clearing the way for it to start on Jan. 5, 2025.
After a long period of drought and fire hazards, we're getting an early taste of winter. New York, New Jersey and Connecticut have been desperate for rain.
President Joe Biden and first lady Jill Biden made a rare visit to Staten Island on Monday to honor service members and their families ahead of Thanksgiving.
U.S. Attorney for the Southern District Damian Williams announced plans to resign Monday.
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
New Jersey Sen. George Helmy said congestion pricing could drive businesses out of New York City and into the Garden State on "The Point with Marcia Kramer."
Democrats say they're concerned or scared Trump will threaten their rights, but fewer than half feel motivated to oppose him.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
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.
New York's iconic Blue Man Group is packing it in after more than 30 years on stage.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Lawyers for actor Jonathan Majors and Grace Jabbari agreed to dismiss the case with prejudice, according to a joint filing in Manhattan federal court.
Cynthia Erivo, Ariana Grande, AMC and fans react to the debate over in-theater singing during "Wicked."
A federal judge is deciding whether to release Sean "Diddy" Combs on bail as he awaits trial on sex trafficking and racketeering charges.
Dennis Schroder scored 31 points, and the undermanned Brooklyn Nets rallied to beat Stephen Curry and the Golden State Warriors on Monday night.
OG Anunoby scored a career-high 40 points, and the Knicks rode a torrid start to a 145-118 rout of the Denver Nuggets.
Nico Hischier recorded his first career hat trick to give the New Jersey Devils a 5-2 win over the Nashville Predators.
Lucas Raymond scored the go-ahead goal in the third period and the Red Wings rallied to beat the Islanders 4-2.
The St. Louis Blues beat the New York Rangers 5-2 in Jim Montgomery's coaching debut.
Tenants in a six-story building in Queens say they were forced to climb stairs amid a six-week-long elevator outage.
The new Davis Center will bring back the wonder of skating and swimming alongside Harlem Meer in Central Park.
Thursday marks exactly 60 years since the Verrazzano-Narrows Bridge opened to much fanfare.
Nov. 29 is the last day for New York City restaurants to remove roadway dining sheds, which will now be seasonal under new regulations set by the City Council.
A new state-of-the-art trash system in NYCHA's Polo Grounds Towers in Harlem promises to tackle energy, rodent and recycling issues.
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."
It's the busiest day of the year at the Hunts Point Produce Market in the Bronx, as families get ready for their Thanksgiving feasts. CBS News New York's Christina Fan reports.
Newark Liberty International Airport says FAA staffing issues may cause flight delays for this holiday travel rush. CBS News New York's Elijah Westbrook has a look at conditions.
CBS News New York's Tony Sadiku has the latest weather forecast.
Vanessa Murdock has the Tri-State Area's updated Monday night forecast on CBS News New York.
A CBS News New York investigation found online sellers may be putting New York City's effort to prevent lithium-ion battery fires at risk. Tim McNicholas reports.
