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NY Madoff Investor Gets New Shot At Ex's Cash
A New York appeals court has revived a lawyer's bid to take back millions of dollars he paid in a divorce settlement before losing money he'd invested with convicted fraudster Bernard Madoff.
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A New York appeals court has revived a lawyer's bid to take back millions of dollars he paid in a divorce settlement before losing money he'd invested with convicted fraudster Bernard Madoff.
U.S. District Judge Laura Taylor Swain rejected the arguments by lawyers for 62-year-old Annette Bongiorno that her husband should be allowed to post money from his bank accounts to support a bail package.
Federal Judge Laura Taylor Swain noted that Annette Bongiorno concedes she has $2.4 million. Prosecutors say Madoff's 62-year-old longtime secretary likely has stashed away millions more.
Attorney Ira Sorkin says Madoff had decided not to attend the funeral for Mark Madoff out of consideration for his daughter-in-law's and grandchildrens' privacy.
Investigators said 46-year-old Mark Madoff's father-in-law found him with a dog leash around his neck hanging from a pipe early Saturday morning inside his Soho loft.
Federal authorities said prominent Massachusetts businessman and philanthropist Carl Shapiro has agreed to forfeit the funds that will be distributed to investors who lost money in jailed financier Bernard Madoff's fraud.
The lawsuit was filed in the U.S. Bankruptcy Court for the Southern District of New York.
Picard said his firm is seeking about $69 million in funds deposited by the company's customers and stolen in the 72-year-old's vast Ponzi scheme.
The lawsuit alleges 23 counts of financial fraud and misconduct. It seeks to recover at least $2 billion to be distributed to Madoff victims.
Bongiorno and another former Madoff aide were arrested last week on conspiracy, securities fraud and other charges arising from the multibillion-dollar Ponzi scheme. They could each face decades in prison if convicted.
A half dozen employees have been charged since FBI agents showed up at Madoff's penthouse apartment in Manhattan on Dec. 11, 2008.
Two longtime back office employees of Bernard Madoff were arrested Thursday on charges that they helped the disgraced financier dupe investors for decades by making fictitious investments.
Prosecutors said he convinced investors that the ATMs would be put in convenience stores, gas stations, malls and hotels nationwide.
The U.S. Marshals Service will be selling the disgraced financier's personal items on Nov. 13 at the Sheraton Hotel in Manhattan.
Federal officials had seized the home, along with Madoff's other properties and assets in New York and elsewhere. Proceeds from the sales of those assets are expected to benefit the victims of Madoff's financial scheme.
In his most expansive comments on the subject, the Mets owner talks about being ripped off by Ponzi schemer Bernard Madoff.
A Florida man known for his sports-related philanthropy pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
Financial adviser Kenneth Starr pleaded guilty in a $59 million Ponzi scheme Friday admitting that he stole clients' money to enrich himself.
American Express is accusing a jailed financial adviser to the stars of failing to pay $350,000 on his Platinum and Gold cards.
A Florida man accused of running a $880 million Ponzi scheme that authorities say paid for lavish spending sprees and sports philanthropy may have reached a deal with federal prosecutors.
Lawyers for three alleged cohorts of disgraced financier Bernard Madoff say the case is mired in a mountain of potential evidence.
Federal prosecutors in New York are seeking over $5 million in assets belonging to a former office supervisor for jailed financier Bernard Madoff.
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.