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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.'
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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.
Rookie Hannes Wolf scored five minutes after Ramiro Enrique had given Orlando City the lead in the second half and New York City earned a 1-1 draw.
NYCHA residents rallied across all five boroughs Saturday, calling for improved living conditions.
Lewis Morgan scored twice, Kyle Duncan added a goal and the New York Red Bulls defeated FC Cincinnati 3-1 to remain the only unbeaten team at home in the MLS season.
Luis Severino and three relievers combined on a four-hitter as the New York Mets beat the Miami Marlins 1-0.
It was the pair's first event together since they became the GOP's nominees at the Republican National Convention in Milwaukee.
NYCHA residents rallied across all five boroughs Saturday, calling for improved living conditions.
Saturday night, a few showers are possible.
NYPD took a 24-year-old man into custody after he allegedly stabbed and killed two women and two young children in their Brooklyn apartment.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
Saturday night, a few showers are possible.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
Severe weather moved through parts of the Tri-State Area amid another heat wave Tuesday, causing widespread damage.
Saturday night, a few showers are possible.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
NJ Transit says regular weekend schedules will be in effect beginning Saturday, and regular weekday service will resume Monday.
Hundreds of flights were canceled or delayed at NYC and New Jersey airports after a CrowdStrike update caused a global Microsoft outage.
Despite many calls to resign, convicted Sen. Bob Menendez says he's staying put.
Saturday night, a few showers are possible.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
According to prosecutors, the alleged drunk driver who crashed into a Long Island nail salon in June, killing four people, had a blood alcohol level that was more than twice the legal limit.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
Officials in Hempstead are warning beach goers about recent shark sightings and rough seas.
It was the pair's first event together since they became the GOP's nominees at the Republican National Convention in Milwaukee.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
More than two dozen House Democrats and four senators have now called on President Biden to end his reelection bid.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
"I am not supposed to be here tonight," former President Donald Trump said. "I stand before you in this arena only by the grace of almighty God."
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
Prosecutors have been preparing to retry the disgraced movie mogul since the New York Court of Appeals overturned his 2020 rape conviction.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Run-DMC's Darryl McDaniels will headline this weekend's free SummerStage concert at Flushing Meadows-Corona Park in Queens.
Rookie Hannes Wolf scored five minutes after Ramiro Enrique had given Orlando City the lead in the second half and New York City earned a 1-1 draw.
Lewis Morgan scored twice, Kyle Duncan added a goal and the New York Red Bulls defeated FC Cincinnati 3-1 to remain the only unbeaten team at home in the MLS season.
Luis Severino and three relievers combined on a four-hitter as the New York Mets beat the Miami Marlins 1-0.
Taj Bradley pitched one-hit ball over seven innings to remain unbeaten in seven straight starts, Randy Arozarena hit two of Tampa Bay's four home runs and the Rays routed the New York Yankees 9-1 on Saturday.
Gerrit Cole struck out eight in six strong innings, Juan Soto went 4 for 4 and the New York Yankees beat the Tampa Bay Rays 6-1.
The situation for a NYCHA tenant has gone from bad to worse after ankle-deep water inundated her Brooklyn apartment during a storm.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
A legal battle is brewing between some New York City tenants and Mayor Eric Adams over rental assistance laws.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
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.
CBS New York's Vanessa Murdock has your weather forecast for July 20 at 11 p.m.
The Centers for Disease Control and Prevention says a multistate listeria outbreak has sickened 28 people and killed two. One of those deaths was in New Jersey, and in New York, seven people became ill.
NYCHA provides affordable housing to more than half a million of New York City's residents. Saturday, some of them rallied across all five boroughs, calling for improved living conditions. CBS New York's Alecia Reid spoke with some who say "enough is enough."
Friday's global tech outage continued to impact air travel Saturday, and that wasn't the only thing impacted during the massive glitch. Cristian Benavidez reports for CBS New York.
Protests continued Saturday near a proposed site for a men's homeless shelter on 86th Street in Bensonhurst, Brooklyn.