Former Net George Indicted In 'Ponzi Scheme'
Former Net Tate George was indicted on Friday on four counts of wire fraud and charges that he ran a $2 million dollar 'Ponzi Scheme.'
Jones Road Wildfire burns through 13,250 acres in Ocean County, N.J.
Former Net Tate George was indicted on Friday on four counts of wire fraud and charges that he ran a $2 million dollar 'Ponzi Scheme.'
The New York Mets have repaid loans of $25 million to Major League Baseball and $40 million to Bank of America, and have closed on the sales of 12 limited partner shares for $20 million each, a person familiar with the team's finances says.
The Bernie Madoff saga has come to a conclusion -- at least for Mets fans. This story was a long and boring chore to cover, and I am just glad that we can now talk about what I love: baseball.
The New York Mets owners are stepping to the plate to try to convince a jury that they didn't know financier Bernard Madoff was operating a Ponzi scheme.
Judge Jed Rakoff, as promised, today filed a four-page order summarizing his holdings on motions by both Irving Picard (the Trustee) and the Katz/Wilpon defendants in the once-upon-a-time $1 billion dollar lawsuit in federal court in lower Manhattan.
The New York Mets are trying to distance themselves from the Bernie Madoff as their March trial approaches.
New Jersey attorney general Paula Dow called the scheme "an outright theft by people who presented themselves as legitimate investment advisors and as a legitimate attorney."
Bernie Madoff's sole serving son, Andrew, insists that even though he worked in the firm, he had no idea what his father was up to and that his part of the business was on the up and up.
Bernie Madoff says he has terrible remorse and horrible nightmares over his epic fraud, but feels safer in prison than on the outside.
Ruth Madoff makes some startling admissions in a "60 Minutes" interview airing this Sunday.
Stephanie Mack (formerly Madoff Mack) told People magazine recently that the final months before her husband, Mark Madoff, killed himself he was in agony over what his father had done.
Tate George, who hit one of the most memorable shots in UConn basketball history, surrendered to federal authorities in NJ on Friday to face charges stemming from what prosecutors say was a Ponzi scheme.
First, he was busted for orchestrating a multi-billion dollar Ponzi scheme. Then he was jailed for 150 years. And, now it seems that his wife Ruth is calling it quits, according to a report in the U.K.'s Daily Mail.
The Connecticut Appellate Court ruled Wednesday that the town of Fairfield may not make claims for millions in losses to its pension fund due to disgraced financier Bernard Madoff's fraud scheme.
Nevin Shapiro, once known for his sports philanthropy, pleaded guilty in September in New Jersey federal court to one count of securities fraud and one count of money laundering. The plea was part of an agreement that still has him facing up to 17 years in prison.
Peter Madoff is selling off a 14-room home in Old Westbury as he faces a lawsuit by the trustee reclaiming funds for investors in his brother's Ponzi scheme.
In a 2006 New York divorce case, the ex-husband says the millions of dollars that went to his ex-wife came from a Bernard Madoff account that never really existed.
It's your last chance to own some of the personal belongings of the world's most notorious Ponzi schemer.
A judge has decided that a once-prominent New York City politician can serve 500 hours of community service rather than jail time for income tax evasion.
It's hard to believe that the appellate court will rule in favor of Sterling Equities (Fred Wilpon, Saul Katz and others) and against the trustee by reversing the bankruptcy court in Madoff appeal.
Every time the men who run the Mets pout before a forest of microphones, it is we who become angry. Very few powerful people know when to quit, and with each hollow assertion and rampant denial, Fred Wilpon is being selfish, defiant, and destructive.
A federal appeals panel reviewing a compensation plan for former clients of disgraced financier Bernard Madoff cast doubt on claims by the embattled owners of the Mets -- and other investors -- that they have a right to keep millions of dollars of fictitious profits.
An 80-year-old Monsey woman and her son have been charged with grand larceny after prosecutors said they scammed 75 people -- mostly neighbors and relatives -- in a Ponzi scheme.
According to the Wall Street Journal, attorneys for Irving Picard have informed Mets owners Fred Wilpon and Saul Katz that additional allegations about amounts invested with Bernard Madoff will be added by March 18 if they fail to reach a settlement.
Starr admitted to cheating nine elderly and wealthy clients out of millions to pay for his own bills, including the purchase - and sale - of a $7.5 million apartment in Manhattan.
A man who shot and killed an 11-year-old girl in the Bronx back in 2022 was sentenced to 10 years to life in prison Wednesday.
The Mets beat the Phillies 4-3 on Wednesday to complete a three-game sweep that extended their winning streak to seven.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
New York City Mayor Eric Adams announced a $5.5 million investment to expand free swimming lessons to children in the city.
A powerful new campaign from a Brooklyn organization pairs music with memory, honoring Holocaust survivors this Yom HaShoah.
A man who shot and killed an 11-year-old girl in the Bronx back in 2022 was sentenced to 10 years to life in prison Wednesday.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
New York City Mayor Eric Adams announced a $5.5 million investment to expand free swimming lessons to children in the city.
A powerful new campaign from a Brooklyn organization pairs music with memory, honoring Holocaust survivors this Yom HaShoah.
The developer who planned to turn Long Island's Nassau Coliseum site into a casino has pulled the plug on the project.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
The stock market's wild ride is having an impact on families who use a 529 college savings account, a tax-free way for parents to save for educational expenses.
The man who said his stepmother held him captive for two decades has released his first public statement.
Wind gusts between 30-45 mph will persist into Wednesday across the Tri-State Area
The UConn women's basketball team celebrated its NCAA championship with a victory parade Sunday in downtown Hartford.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
The Jones Road Wildfire in Ocean County, New Jersey, forced thousands to evacuate their homes, but the evacuation orders were lifted Wednesday morning.
Jet Set owner Antonio Espaillat spoke out in an exclusive interview on "El Dia," a program on Telesistema Dominicano with host Edith Febles, about the deadly April 8 accident that killed 232 people.
Most of the residents who were forced to evacuate due to the Jones Road Wildfire in Ocean County, New Jersey, were allowed to return home on Wednesday.
The Jones Road Wildfire rages on in Ocean County, N.J., and the smoke could impact our area in the coming days.
The developer who planned to turn Long Island's Nassau Coliseum site into a casino has pulled the plug on the project.
Police on Long Island have released the identities of a mother and child whose remains were found near Gilgo Beach nearly three decades ago.
President Trump says a Long Island high school should be allowed to keep their Native American mascot, going against a statewide ban that went into effect in 2023.
Disgraced former Rep. George Santos sent a lengthy letter to the judge set to sentence him on Friday as prosecutors seek a seven year sentence.
Simple words and gentle gestures -- that is how Long Islanders remember Pope Francis, a pontiff they loved and respected.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
Mohsen Mahdawi — a Columbia student who was detained at a U.S. citizenship interview last week — must remain in Vermont for at least 90 days while his legal team pushes for his release.
Treasury Secretary Scott Bessent on Wednesday said he believes the Trump administration could strike a deal with China.
Democratic members of Congress demanded their immediate release.
Congressman James Comer, the chairman of the House Oversight Committee, is once again asking the Department of Justice to prosecute former New York Gov. Andrew Cuomo.
Doctors in New York City were able to save the lives of three children with one heart transplant. Here's how.
A grieving family in Queens wants answers after a young woman died two weeks after giving birth to twins. They believe it was due to complications with her C-section, but say the hospital is not giving them any answers.
A Long Island woman accused of forging vaccination records of students did not appear in court for her arraignment.
Is fluoride actually good or bad for you? Dr. Mallika Marshall answers common questions about fluoride.
Travelers who stopped at a New Jersey Turnpike service area in Middlesex County earlier this month may have been exposed to measles, state health officials say.
Harvey Weinstein's retrial started with opening statements in NYC, five years after the original was a catalyst in the #MeToo movement.
Opening statements are set for Wednesday in former movie mogul Harvey Weinstein's rape retrial.
The world famous Radio City Rockettes are holding auditions in New York City Tuesday.
Sean "Diddy" Combs was back in court Friday as a judge denies to delay his sex trafficking and racketeering trial by two months.
The Frick Collection, housed in a luxurious Gilded Age mansion on Fifth Avenue, reopened after the museum's five-year renovation.
The Mets beat the Phillies 4-3 on Wednesday to complete a three-game sweep that extended their winning streak to seven.
The New York Yankees beat the Cleveland Guardians 5-1 on Wednesday to avoid a series sweep.
The Mets defeated the Phillies 5-1 on Tuesday night for their second six-game winning streak already this season.
Tanner Bibee recovered from giving up a home run on his first pitch to work six innings, leading the Guardians to a win over the Yankees.
The Carolina Hurricanes beat the New Jersey Devils 3-1 on Tuesday for a 2-0 lead in their first-round playoff series.
New York City Mayor Eric Adams announced a $5.5 million investment to expand free swimming lessons to children in the city.
A powerful new campaign from a Brooklyn organization pairs music with memory, honoring Holocaust survivors this Yom HaShoah.
Preston High School in the Bronx will remain open for years to come, Attorney General Letitia James announced Tuesday.
NYCHA is transitioning its doors to electronic key fobs, but tenants at Queensbridge South tell us they don't work.
A computer training school in the Mott Haven section of the Bronx is looking for applicants for a coding fellowship.
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 Rob Marciano has your First Alert Forecast for April 23 at 11 p.m.
St. Peter's Basilica in Rome did not close at midnight as scheduled, so even in the early morning hours Thursday, people were there to pay respects to Pope Francis. CBS News New York's Tony Aiello reports.
In Harlem, the community is coming together to honor a grandmother who was killed when she stepped outside to check on her grandson and was struck by a stray bullet. As CBS News New York's Naveen Dhaliwal reports, she's being remembered for her compassion and kindness.
Two deadly shootings in New York City are under investigation. CBS News New York's Ali Bauman reports on a man killed in the Bronx, and Naveen Dhaliwal has more on a grandmother struck by a stray bullet.
The Jones Road wildfire continued to burn in southern New Jersey on Wednesday. The fire is now 50% contained with more than 13,000 acres burned. CBS News New York's Alecia Reid spoke with evacuees who returned home but are worried they'll have to leave again.
