Andrew Madoff, Son Of Disgraced Ponzi Schemer Bernard Madoff, Dies Of Lymphoma
In an interview with "60 Minutes" in 2011, Madoff insisted he had no idea what his father was up to.
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.
An investment fund manager has admitted in a Long Island courtroom to stealing nearly $100 million of investors' money in a Ponzi scheme that helped fund his interest in a Hamptons resort.
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.
prosecutor John Zach told jurors Tuesday that Madoff depended on his former secretary, his former head of operations, an account manager and two computer programmers to keep his fraud alive for four decades.
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.
Daniel Bonventre has pleaded not guilty to fraud charges. Authorities say he cooked the books to throw off regulators.
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.
A Naval Academy graduate ripped off his friends, family and former classmates by running a $1.2 million Ponzi scheme, prosecutors said Tuesday.
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.
Bernard Madoff placed no premium on further education for the employees he hired right out of high school -- the less they knew, the better -- the Ponzi schemer's longtime lieutenant testified Monday.
The cross-examination of the government's star witness in the trial of five of Bernard Madoff's former empoyees has given the jury new insight into the way disgrace financier ran his massive Ponzi scheme.
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 former right-hand man of disgraced financier Bernard Madoff told a New York City jury Tuesday that a crying Madoff revealed to him that his financial empire was a gigantic fraud just before the rest of the world learned the truth nearly five years ago.
A Long Island soccer club official has been accused of running a $5-million Ponzi scheme.
Frank DiPascali testified that his boss would "razzle dazzle" auditors by using computer programs specially designed to make it appear that fake investments were real.
Frank DiPascali described the tangled web of deceit woven by Madoff as he juggled investors' money and tried to keep investigators away.
Bernard Madoff's former right-hand man is about to take center stage at the trial of five former co-workers. Prosecutors plan to call Frank DiPascali to the witness stand this week in federal court in Manhattan.
Enrica Cotellessa-Pitz, who worked for Madoff for three decades, is testifying against five former colleagues in exchange for leniency.
The trial against five of Bernard Madoff's former employees continued Wednesday with testimony from consultants who investigated the firm following Madoff's arrest.
FBI Agent Theodore Cacioppi said he interviewed Bernard Madoff for about an hour before arresting him. The office was then placed under surveillance so evidence could be removed.
The Mets used an offensive explosion in the 10th inning to defeat the Nationals 9-7 on Monday and get back to .500.
Former President Trump is trying to overturn his recent felony conviction in the New York "hush money" criminal case.
A nonprofit recycling center in Brooklyn says it has seen a sharp increase in people who collect cans and bottles to make a living.
The Supreme Court's landmark decision ruled that Trump is immune from prosecution for official acts he took while in office.
Enjoy clearer vision with new prescription eyeglasses or sunglasses during Zenni Optical's 4th of July sale.
A nonprofit recycling center in Brooklyn says it has seen a sharp increase in people who collect cans and bottles to make a living.
The NYPD has turned to a world renowned martial arts expert to teach officers how to use reasonable force.
Some NYC lawmakers are trying to persuade Gov. Kathy Hochul to restart congestion pricing with a lower charge.
A man accused of warning Zionists to get off a subway train appeared before a judge Monday. Mayor Eric Adams said the incident was one of several that crossed the line from protest speech to blatant antisemitism.
Doggone it. Fans hoping for a last-minute breakthrough in the standoff between the Nathan's Famous Hot Dog Eating Contest and champion Joey Chestnut may find this hard to swallow - he's not going to appear, after all.
Severe thunderstorms swept through New York, New Jersey and Connecticut on Sunday, with the chance of an isolated tornado. See the latest weather maps and live radar.
A tractor-trailer accident on I-95 in Greenwich, CT had southbound lanes backed up for the morning commute.
Severe thunderstorms moved through New York and New Jersey on Wednesday evening, causing widespread power outages and other damage.
U.S. News & World Report released its 2024 college rankings Tuesday, and some Tri-State Area schools ranked among the best in the world.
Parts of New Jersey are back under a heat advisory Wednesday.
With NJ Transit's fare hike kicking in on Monday, some riders are considering alternate ways of getting around.
Sunday was expected to be the busiest day of the summer travel season, but severe thunderstorms caused delays and cancelations.
Severe thunderstorms swept through New York, New Jersey and Connecticut on Sunday, with the chance of an isolated tornado. See the latest weather maps and live radar.
With a 15% fare hike for NJ Transit riders set to go into effect Monday, commuters protested Friday outside the agency's headquarters, saying they've been plagued with service delays and cancellations.
Court documents reveal disturbing new details in the case of a mother accused of drowning her two young children in Lakewood, New Jersey.
Steven Schwally, the man accused of being intoxicated when he crashed into a nail salon on Long Island, killing four, appeared in court Monday.
Severe thunderstorms swept through New York, New Jersey and Connecticut on Sunday, with the chance of an isolated tornado. See the latest weather maps and live radar.
Long Island police said Steven Schwally, 64, was drunk and speeding when he crashed an SUV into a nail salon Friday, killing an off-duty NYPD officer and three other people.
At least four people were killed and nine injured when a driver crashed through the front of a nail salon on Long Island.
A pocket watch that belonged to President Theodore Roosevelt is back in its rightful place. The 126-year-old cherished possession has been recovered after being stolen from an exhibit in 1987.
Former President Trump is trying to overturn his recent felony conviction in the New York "hush money" criminal case.
The Supreme Court's landmark decision ruled that Trump is immune from prosecution for official acts he took while in office.
Some NYC lawmakers are trying to persuade Gov. Kathy Hochul to restart congestion pricing with a lower charge.
The Supreme Court on Monday ruled that former President Donald Trump is entitled to immunity from federal prosecution for official actions he took while in office.
The judge warned defense lawyers last week that telling jurors alleged details about Nadine Menendez's ex-boyfriend risks turning the trial "into a soap opera."
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
The advisory issued by Dr. Vivek Murthy came as the U.S. grappled with another summer weekend marked by deadly mass shootings.
One bill being fast-tracked would make abortions free in New Jersey by eliminating co-pays.
A beloved Queens DJ, known for his selfless generosity, is himself in need of support as he seeks a kidney donor.
Spike Lee's "Do the Right Thing" celebrated its 35th birthday Sunday with a block party on Do The Right Thing Way in Bed-Stuy, Brooklyn.
Usher accepted the lifetime achievement award at the 2024 BET Awards, and Will Smith debuted a single as he continued his comeback from slapping Chris Rock at the Oscars two years ago.
His recently uncovered photographs, long thought lost, are the basis of the former Beatle's book, "1964: Eyes of the Storm," and an exhibition currently at the Brooklyn Museum.
From the moment she first began appearing at the side of John F. Kennedy Jr., Carolyn Bessette became one of the most photographed women in the world. Her personal style continues to have an impact 25 years following her death.
Mets infielder José Iglesias performed his song "OMG" live at Citi Field after the team's 7-2 win over the Houston Astros.
The Mets used an offensive explosion in the 10th inning to defeat the Nationals 9-7 on Monday and get back to .500.
The Mets' rally was all for naught as a five-run 11th inning lifted the Astros to a 10-5 win on Sunday.
The Yankees left Toronto with a split of their four-game series against the Blue Jays with an 8-1 win on Sunday.
Cameron Harper scored late in the second half to rally New York to a 2-2 draw with D.
Alex Bregman put Houston ahead with a two-run single in the eighth inning and the surging Astros rallied from five runs down for a 9-6 victory over the New York Mets.
A nonprofit recycling center in Brooklyn says it has seen a sharp increase in people who collect cans and bottles to make a living.
Queens residents who lost their homes in an apartment building fire six months ago say they are again searching for somewhere to live as their temporary housing agreements expire.
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
Lillian Wong of Queens is trying to solve the mystery of money being withdrawn from her dead son's bank account.
A commercial stretch along 86th Street in Bensonhurst has become a hotbed of illegal vending, according to Councilwoman Susan Zhuang.
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
Police are searching for a gunman they say shot and killed a man while he was sitting behind the wheel of his car Monday in Haverstraw. CBS New York's Elijah Westbrook has what we know about the investigation.
The powerful hurricane is causing devastation in the Caribbean as it makes its way west toward Jamaica. CBS New York's Derick Waller has the latest from the newsroom.
CBS New York's Tony Sadiku and John Elliott have the latest weather forecast.
CBS New York's Jenna DeAngelis has more on the emotional night in Deer Park.
In the interim, CBS New York's Lonnie Quinn says Tuesday and Wednesday will be beautiful, with sunny skies and temperatures in the 80s.