George Santos under scrutiny over former employer's Ponzi scheme
Federal regulators are asking about the congressman's involvement with a company accused of running a multi-million dollar Ponzi scheme.
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Federal regulators are asking about the congressman's involvement with a company accused of running a multi-million dollar Ponzi scheme.
Thirty-one thousand people lost money in Madoff's financial fraud, one of the biggest in history.
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.
As two Long Island financial advisers head to prison, victims who were swindled in a Ponzi scheme are getting some payback.
The Department of Justice confirmed Madoff filed paperwork asking the president, who has final say on clemency, to commute his term.
A tearful Michael Wright of Saddle River, New Jersey, was sentenced by U.S. District Judge Colleen McMahon, who likened his crime to those of multibillion-dollar Ponzi scheme king Bernard Madoff.
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.
Prosecutors say Carton misappropriated at least $5.6 million and used it to pay off gambling debts and personal expenses.
Federal prosecutors say Shkreli, who sparked outrage in 2015 when he increased the price of a life-saving drug used by AIDS patients from $13 to $750, cheated investors out of millions in a Ponzi scheme.
Prosecutors on Friday alleged that two men led wealthy people to believe they were investing in ticket businesses for popular shows like an Adele concert and Broadway's "Hamilton."
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.
Republican Dean Skelos told reporters that he has hired an attorney in response to the investigation but said he had no plans to step down.
A son-in-law of former New York Assembly Speaker Sheldon Silver was charged with defrauding investors out of $7 million in a Ponzi scheme, according to a federal complaint.
Federal regulators have filed civil fraud charges against former NFL cornerback Will Allen and his business partner.
The victims of tax preparer Robert Van Zandt said they trusted him with their live savings for decades, but he stole millions of dollars and left them broke.
A former president of a suburban youth soccer cub has pleaded guilty to running a $5 million Ponzi scheme.
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.
Daniel Bonventre, 67, was sentenced Monday in federal court in New York for his part in the company's yearslong multibillion-dollar fraud.
Federal prosecutors in New York on Thursday announced the first bitcoin securities fraud case, accusing a Texas man of engineering a Ponzi scheme involving bitcoins.
Eric Aronson told a federal judge in Central Islip Friday he knew what he was doing was wrong.
Amid ongoing litigation surrounding noise at Forest Hills Stadium, a new announcement from the NYPD has called the 2025 summer concert season into question.
The New York attorney general's office plans to warn 23andMe customers to delete their data after the DNA testing company announced it will seek a buyer.
The MTA on Monday released its latest data on congestion pricing and talked about a new pilot program aimed at making adjustments to bus schedules in Manhattan.
There are mixed reviews after a controversial busway project aimed at improving bus times and congestion on Fordham Road in a busy section of the Bronx was canceled.
A personal attorney to President Trump for years, Alina Habba is known for her pugnacious defense in the media and in courtrooms.
Amid ongoing litigation surrounding noise at Forest Hills Stadium, a new announcement from the NYPD has called the 2025 summer concert season into question.
The New York attorney general's office plans to warn 23andMe customers to delete their data after the DNA testing company announced it will seek a buyer.
The MTA on Monday released its latest data on congestion pricing and talked about a new pilot program aimed at making adjustments to bus schedules in Manhattan.
There are mixed reviews after a controversial busway project aimed at improving bus times and congestion on Fordham Road in a busy section of the Bronx was canceled.
Columbia University professors are pushing back after the school agreed to several of the Trump administration's demands.
It's a rainy start to the work week for the NYC area. We're tracking light rain for the morning commute that picks up into the lunch hour.
Following a brief warmup on Saturday will be a cooldown for Sunday.
Today is the first day of spring, and NYC and N.J. are expecting some rainy weather as the equinox arrives.
Stormy weather arrived overnight around the NYC area, bringing heavy rain and high winds.
We have a First Alert Weather Day coming our way, starting Sunday afternoon.
Nadine Menendez, the wife of convicted former Sen. Bob Menendez, faced opening statements Monday in her federal bribery trial in NYC.
It's a rainy start to the work week for the NYC area. We're tracking light rain for the morning commute that picks up into the lunch hour.
Celebrating 20 years as a band, the Jonas Brothers played a show at the American Dream mall on Sunday.
The Jonas Brothers stopped by a New York City pizza shop Saturday as part of their 20th anniversary celebration this weekend.
NJ Transit is offering a discount for commuters impacted by the I-80 sinkhole closures and detours in Wharton, New Jersey.
One person was killed Thursday in a crash involving a fire truck in Suffolk County.
Gabby Petito's grandmother announced a new fundraiser in her granddaughter's name Wednesday to mark what would have been Petito's 26th birthday.
Hempstead was once one of the most active business districts on Long Island. It now appears to be on the way to recovery.
Three Long Island fire departments that displayed the Confederate flag have now reached a settlement over alleged discrimination.
It's been four years since an acid attack left a Long Island college student disfigured. Nafiah Ikram was attacked in her Elmont driveway.
The MTA on Monday released its latest data on congestion pricing and talked about a new pilot program aimed at making adjustments to bus schedules in Manhattan.
A personal attorney to President Trump for years, Alina Habba is known for her pugnacious defense in the media and in courtrooms.
The National Security Council said the message thread "appears to be authentic" and the administration is "reviewing how an inadvertent number was added to the chain."
Columbia University professors are pushing back after the school agreed to several of the Trump administration's demands.
Nadine Menendez, the wife of convicted former Sen. Bob Menendez, faced opening statements Monday in her federal bribery trial in NYC.
Nestlé USA cites consumer complaints, including "one potential choking incident" for recalling products sold nationwide.
A New Jersey family says they would be heavily impacted by any proposed cuts to Medicaid.
As Americans live longer, there's a dire need to create an age-friendly health care system. But right now, there aren't enough doctors specializing in geriatrics to care for older adults.
Saturday marks five years since New York City announced citywide lockdowns due to the coronavirus pandemic.
Two cats in separate New York City households have tested positive for bird flu, the city health department says.
As Conan O'Brien was honored with the Mark Twain Prize at the Kennedy Center, many comics targeted President Trump from the stage.
Sunday was opening night on Broadway for "Othello," featuring two of Hollywood's biggest stars, Denzel Washington and Jake Gyllenhaal.
Celebrating 20 years as a band, the Jonas Brothers played a show at the American Dream mall on Sunday.
The Jonas Brothers stopped by a New York City pizza shop Saturday as part of their 20th anniversary celebration this weekend.
Country star Orville Peck will go unmasked when he makes his Broadway debut in the revival of "Cabaret."
A Northville Central, N.Y. high school basketball coach who was seen on video pulling a player's hair has issued an apology.
Miller Gardner, former New York Yankees outfielder Brett Gardner's youngest son, died after getting sick on a family vacation, his parents say.
The New York Knicks beat the Washington Wizards 122-103 on Saturday night.
The Ottawa Senators held on to beat the New Jersey Devils 3-2 on Saturday night.
Emil Forsberg scored a goal in each half to lead the Red Bulls to a 2-1 victory over Toronto FC at Sports Illustrated Stadium on Saturday.
Amid ongoing litigation surrounding noise at Forest Hills Stadium, a new announcement from the NYPD has called the 2025 summer concert season into question.
There are mixed reviews after a controversial busway project aimed at improving bus times and congestion on Fordham Road in a busy section of the Bronx was canceled.
Brooklyn's historic Hendrick I. Lott House is getting a long-overdue restoration. It's set to be transformed into Marine Park's first museum.
Tax season can bring added exposure to scams and fraud. A mother and daughter in Little Neck, Queens say it happened to them.
Yankee Stadium has unveiled new dining menu items ahead of the upcoming season.
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."
Conservative Democratic State Senator Simcha Felder and pro-Trump businessman Heshy Tischler are running to fill the seat in the 44th District. CBS News New York's Hannah Kliger reports.
These real-life female avengers are members of the newest Women's National Football Conference expansion team, the Jersey Shore Wave, and, yes, this diverse group of athletes plays full contact. CBS News New York's Krystle Rich reports.
CBS News New York's Zinnia Maldonado spoke to city officials about when a project creating affordable housing for seniors could begin and what those in the community are saying about losing their coveted green oasis.
On Monday, the MTA announced a big step forward in the project. CBS News New York's Elijah Westbrook reports.
CBS News New York's Vanessa Murdock says we'll see sunny skies and a high of around 57.
