
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.
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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.
A weekend filled with roller coaster temperatures is ahead in the Tri-State Area.
Repairs on Route 80 in Wharton, New Jersey, are not expected to be complete until early to mid-May, NJDOT said Friday.
Juan Soto hit his first homer with the New York Mets, helping his new team beat the Houston Astros 3-1 on Friday night.
The New York Knicks defeated Milwaukee 116-107 on Friday to hand the Bucks their third consecutive loss.
The Jets regained the league points lead, beating the Devils 4-0 on Friday night for their 50th victory.
A weekend filled with roller coaster temperatures is ahead in the Tri-State Area.
A nature lover successfully lobbied to create Long Island's first amphibian crossing, the underground Frog Hollow Tunnel.
More and more Tesla owners are worried about vandalism as police say some vehicles are being targeted in New York City.
Katrina Armstrong, Columbia University's interim president, is being replaced by Claire Shipman. The university did not offer an explanation for the change in leadership.
Two new bills introduced by a New York congressman aim to protect SNAP benefit users from having their funds stolen.
A weekend filled with roller coaster temperatures is ahead in the Tri-State Area.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
Kimberly Sullivan, the Connecticut woman accused of imprisoning her stepson for 20 years, must wear a GPS monitor while out on bail, a judge ruled.
Prosecutors want to modify the bail for Kimberly Sullivan, the Connecticut woman accused of imprisoning her stepson for 20 years.
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.
A weekend filled with roller coaster temperatures is ahead in the Tri-State Area.
Repairs on Route 80 in Wharton, New Jersey, are not expected to be complete until early to mid-May, NJDOT said Friday.
New Jersey's days as the only state in the nation where drivers are not allowed to pump their gas could soon come to an end.
Cherry blossom trees are starting to bloom for the 2025 season around NYC, as they reach their peak in Washington, D.C.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
A nature lover successfully lobbied to create Long Island's first amphibian crossing, the underground Frog Hollow Tunnel.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
The Gilgo Beach murder case is moving toward trial, but Rex Heuermann's attorneys are challenging something called nuclear DNA testing.
Parents are calling for swift action after incidents of antisemitism at Paul J. Gelinas Junior High School in the respected Three Village School District.
The New York State DMV is calling out the city's finance department for not using up-to-date information when writing parking tickets.
Two new bills introduced by a New York congressman aim to protect SNAP benefit users from having their funds stolen.
The Ulster County clerk refused to file a $113,000 fine from Texas against a doctor accused of prescribing abortion pills to a woman near Dallas.
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
A recent poll shows 85% of Greenlanders do not want to be part of the United States.
No Senate confirmation hearing had been scheduled for U.N. ambassador nominee Elise Stefanik, a congresswoman from New York.
The Ulster County clerk refused to file a $113,000 fine from Texas against a doctor accused of prescribing abortion pills to a woman near Dallas.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
Sleep apnea screenings will be free for New Yorkers under a new law passed at City Hall on Wednesday.
One of Mayor Eric Adams' signature mental health care programs is in question after a City Council report suggested it's ineffective.
Nestlé USA cites consumer complaints, including "one potential choking incident" for recalling products sold nationwide.
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
The Flash: Vertical Velocity coaster is the first "super boomerang" roller coaster in North America.
Hamdan Ballal said Israeli settlers in the occupied West Bank beat him in front of his home while filming the assault.
Israeli settlers have beaten up one of the Palestinian co-directors of the Oscar-winning documentary film "No Other Land."
As Conan O'Brien was honored with the Mark Twain Prize at the Kennedy Center, many comics targeted President Trump from the stage.
Juan Soto hit his first homer with the New York Mets, helping his new team beat the Houston Astros 3-1 on Friday night.
The New York Knicks defeated Milwaukee 116-107 on Friday to hand the Bucks their third consecutive loss.
The Jets regained the league points lead, beating the Devils 4-0 on Friday night for their 50th victory.
The Clippers overwhelmed the Nets 132-100 on Friday night for their second straight victory and 10th in 12 games.
Josh Hader struck out Juan Soto with two on to save the Houston Astros' 3-1 win over the New York Mets on Thursday.
Coney Island's amusements are set to open Saturday as the Brooklyn Borough President weighs in on a casino proposal.
Students are swapping their textbooks for shovels in a mission to restore sand dunes at Coney Island Creek.
CBS News New York's Elle McLogan headed to Citi Field to find out what's new on the menu for Mets fans in 2025.
Voters will cast their ballots in Brooklyn in a special election to fill a vacant New York City Council seat
Amid ongoing litigation surrounding noise at Forest Hills Stadium, a new announcement from the NYPD has called the 2025 summer concert season into question.
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."
CBS News New York's Vanessa Murdock has your weather forecast for March 29 at 12:30 a.m.
A teenager in upstate New York used CPR skills he learned in school to save his stepfather's life, and he says Buffalo Bills safety Damar Hamlin is part of the reason why.
President Trump is promising help after a devastating earthquake in Southeast Asia. CBS News New York's Derick Waller spoke to people in New York City who are desperate to hear from loved ones back home.
Vice President JD Vance made a landmark trip to Greenland on Friday. The historic visit raises new questions about President Trump's desire to take control there. Erica Brown reports.
A man was fatally shot on a busy road Friday afternoon on Staten Island. CBS News New York's Alecia Reid spoke with witnesses.