Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Ponzi Scheme
RadioShack buyers ran a Ponzi scheme, SEC alleges
The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a Ponzi scheme.
Retired IRS agent gets 12 years for scamming elderly California woman out of life savings
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
Bernie Madoff's victims to get additional $158 million in restitution
Nearly 25,000 of the victims in Madoff's Ponzi scheme will see restitution through the Madoff Victim Fund.
California man sentenced in cow manure Ponzi scheme
After his arrest, Ray Brewer claimed he saved several soldiers from a fire while serving in the Navy, but later admitted, "these were both lies meant to curry favor with law enforcement."
2/9: Red and Blue
George Santos' work for firm accused of Ponzi scheme drew scrutiny; 2024 GOP presidential field begins to take shape.
Investigating Rep. George Santos' past
A new CBS Reports documentary explores Congressman George Santos' history of lies and his past involvement in a company accused in an alleged Ponzi scheme. CBS News political correspondent Caitlin Huey-Burns discusses "Campaign of Deceit: The Election of George Santos" with Anne-Marie Green and Seth Doane.
2009: The man who knew
In 2009, 60 Minutes interviewed Madoff Ponzi scheme whistleblower Harry Markopolos, who said he alerted the Securities and Exchange Commission of Madoff's fraud starting in 2000.
Bernie Madoff's sister and her husband dead in apparent murder-suicide
They were found unresponsive with gunshot wounds in their residence, police say. Madoff wiped out people's fortunes and ruined charities with a massive Ponzi scheme.
Christian radio host gets 3 life prison terms for bilking listeners
"He ruthlessly stole from his clients who trusted him for almost a decade," said the chief of the Tarrant County DA's Elder Financial Fraud team.
The history behind Bobby Bonilla Day
The Mets are sitting atop National League East and enjoying a good return so far on the team's $196 million payroll. But included in that figure is nearly $1.2 million for a player that hasn't stepped to the plate in more than 20 years, and one the team will continue to pay for another 14 years. Here's more on the now-infamous arrangement between an athlete and an owner, and the most notorious Ponzi scheme in history.
Bernie Madoff: How he pulled it off
On April 14, 2021, Bernard Madoff, who burned thousands of investors through an epic Ponzi scheme, died in prison while serving a 150-year prison sentence. Correspondent Jim Axelrod talks with journalist Jim Campbell, author of "Madoff Talks," who maintained a years-long correspondence with the disgraced investor and his family, to learn exactly how Madoff pulled off the largest financial fraud in Wall Street history.
Bernie Madoff: How he pulled it off
Journalist Jim Campbell, author of "Madoff Talks," maintained a years-long correspondence with the disgraced investor to learn exactly how Madoff pulled off the biggest fraud in American financial history.
Book excerpt: "Madoff Talks" by Jim Campbell
The journalist's new book features exclusive interviews with the disgraced investor who built a Ponzi scheme that grew into the largest financial fraud in Wall Street history.
Ponzi schemer Bernie Madoff dies in prison at 82
Bernie Madoff, the mastermind of the largest Ponzi scheme in history, died in prison at age 82. He suffered from kidney disease in recent years.
Federal prosecutors allege Shkreli lied and stole to keep his other companies afloat
Pharmaceutical CEO Martin Shkreli who was accused of price gouging is out on bail after his arrest Thursday on unrelated securities fraud charges. Federal prosecutors allege Shkreli lied and stole to keep his other companies afloat. He was already called a symbol of corporate greed after his drug company raised the price of a medicine by more than 5,000 percent. Anthony Mason reports.
Martin Shkreli, the pharmaceutical company CEO who caused a public uproar after drastically raising the price of a life-saving prescription drug, was arrested on Thursday
Martin Shkreli, the pharmaceutical company CEO who caused a public uproar after drastically raising the price of a life-saving prescription drug, was arrested on Thursday. Federal prosecutors accuse Shkreli of running a Ponzi-like scheme to pay off investors at his former hedge fund. Anthony Mason reports.
Stocks surged after the Labor Department announced that the U.S. economy added 211,000 jobs in November
Stocks surged after the Labor Department announced that the U.S. economy added 211,000 jobs in November. Also, the trustee of Bernie Madoff's firm began distributing more money to people swindled in Madoff's Ponzi scheme. Hena Daniels reports on the day's top MoneyWatch headlines.
A French company is showing off a self-driving shuttle bus at the Consumer Electronics Show in Las Vegas,
A French company is showing off a self-driving shuttle bus at the Consumer Electronics Show in Las Vegas. It's the first driverless vehicle commercially available in the U.S. With a top speed of 12 miles an hour, the shuttle is intended for college campuses and airport parking lots. That story and more Moneywatch headlines from Wendy Gillette.
Bernie Madoff seeks early release due to end-stage renal disease
Without compassionate release, Madoff's sentence would not end until 2139.
Jeffrey Epstein once worked at firm behind massive Ponzi scheme
"I don't think there was anyone who worked for the company who didn't understand it was a fraud the whole time," a lawyer told CBS News
Bernie Madoff asks Trump for clemency
The perpetrator of the biggest fraud in history is seeking commutation of his 150-year prison sentence, which he is serving in North Carolina
Almanac: Schemer Charles Ponzi
The founding father of financial hijinks, who trapped his investors in a "musical chairs" of fraud, was born on March 3, 1882
Ponzi scheme suspect cast spells, paid $720K for prayers to thwart charges
Six-figure payments for prayers didn't spare Dawn Bennett from a 17-count indictment on fraud charges
Feds charge 3 men after busting $364M Ponzi scheme
Federal prosecutors say the accused ripped off hundreds while spending big on homes, cars and other luxury goods
Live
Watch Live: Trump delivers 2026 State of the Union address
President Trump is delivering the 2026 State of the Union address to a joint session of Congress tonight. Follow live updates.
Fact checking Trump's 2026 State of the Union address
CBS News is fact checking President Trump's 2026 State of the Union address.
Abigail Spanberger to deliver Democratic response to State of the Union
Virginia Gov. Abigail Spanberger is set to deliver the Democratic response to President Trump's State of the Union address Tuesday night as the party attempts to counter the president's message.
Exclusive
Trump awards Medal of Honor to 100-year-old veteran at State of the Union
During the State of the Union address, President Trump awarded Royce Williams a Medal of Honor for his actions in a secret mission during the Korean War.
Hegseth demands full military access to Anthropic's AI model, sets deadline
The Pentagon may decide to officially designate Anthropic as a "supply chain risk" to push them out of government, sources say.
Exclusive
Johnson calls Democrats' boycott of Trump's State of the Union "detestable"
"We play for one team," House Speaker Mike Johnson told "CBS Evening News" anchor Tony Dokoupil ahead of the State of the Union. "We're all for America."
Kevin McCarthy: Gonzales should resign over alleged affair with late staffer
Former House Speaker Kevin McCarthy told CBS News that GOP Rep. Tony Gonzales should resign, after a set of text messages drew fresh scrutiny to an alleged affair with a staffer who later died by suicide.
3 charts highlight the affordability issues Americans worry about most
President Trump is expected to tout his administration's economic record in his State of the Union address, even as affordability remains front and center.
Judge blocks DOJ from searching Washington Post reporter's phone and laptop
A federal magistrate judge has blocked the DOJ from searching through a Washington Post reporter's devices after they were seized by the FBI last month, instead ruling that the court would conduct a search.
U.S.
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U.S. hockey goalie Connor Hellebuyck will receive Presidential Medal of Freedom
Connor Hellebuyck stopped 41 of Team Canada's 42 shots in the Olympic gold medal match.
Fact checking Trump's 2026 State of the Union address
CBS News is fact checking President Trump's 2026 State of the Union address.
4 people fatally stabbed outside home near Seattle, suspect shot dead by deputy
A man fatally stabbed four people before being shot dead by a sheriff's deputy outside a home northwest of Tacoma, Washington, authorities said.
4 military working dogs died due to "unsatisfactory" facilities, DoD watchdog finds
The Pentagon inspector general recommended the military reduce the number of military working dogs until there are enough caretakers to provide all dogs with satisfactory care.
College majors with the highest earnings potential and lowest jobless rates
A college degree still provides an edge when it comes to finding a good job, but a person's major may be just as important to career stability, research suggests.
MoneyWatch
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College majors with the highest earnings potential and lowest jobless rates
A college degree still provides an edge when it comes to finding a good job, but a person's major may be just as important to career stability, research suggests.
AI skills are in demand, but don't always command pay premiums
Six in 10 employers want workers with AI skills, but few are offering higher base pay or bonuses for the know-how.
3 charts highlight the affordability issues Americans worry about most
President Trump is expected to tout his administration's economic record in his State of the Union address, even as affordability remains front and center.
Consumer confidence rose in February as labor market outlook improves
Consumers' perceptions of employment conditions improved slightly in February, helping bolster overall confidence in the economy.
Novo Nordisk to slash Wegovy and Ozempic prices starting in 2027
Starting in 2027, the Danish pharma firm will sell its weight-loss and diabetes drugs for $675 per month.
Politics
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U.S. hockey goalie Connor Hellebuyck will receive Presidential Medal of Freedom
Connor Hellebuyck stopped 41 of Team Canada's 42 shots in the Olympic gold medal match.
Fact checking Trump's 2026 State of the Union address
CBS News is fact checking President Trump's 2026 State of the Union address.
Judge blocks DOJ from searching Washington Post reporter's phone and laptop
A federal magistrate judge has blocked the DOJ from searching through a Washington Post reporter's devices after they were seized by the FBI last month, instead ruling that the court would conduct a search.
4 military working dogs died due to "unsatisfactory" facilities, DoD watchdog finds
The Pentagon inspector general recommended the military reduce the number of military working dogs until there are enough caretakers to provide all dogs with satisfactory care.
Kevin McCarthy: Gonzales should resign over alleged affair with late staffer
Former House Speaker Kevin McCarthy told CBS News that GOP Rep. Tony Gonzales should resign, after a set of text messages drew fresh scrutiny to an alleged affair with a staffer who later died by suicide.
HealthWatch
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Novo Nordisk to slash Wegovy and Ozempic prices starting in 2027
Starting in 2027, the Danish pharma firm will sell its weight-loss and diabetes drugs for $675 per month.
As more Americans embrace anxiety treatment, RFK Jr. derides medications
Robert F. Kennedy Jr. has criticized the broadening use of anxiety medications, but doctors and researchers say the MAHA movement is misrepresenting drugs that have been proven to help.
How safe is America from polio?
After decades of American children routinely receiving polio vaccines, the virus that had doomed many to paralysis was nearly eliminated in the United States. But vaccine avoidance today may allow the crippling disease to return.
How safe is America from polio?
After decades of American children routinely receiving polio vaccines, the virus that had doomed many to paralysis was nearly eliminated in the United States. But vaccine avoidance today may allow the crippling disease to return. CBS News chief medical correspondent Dr. Jonathan LaPook talks with David Oshinsky, author of "Polio: An American Story," and with violin virtuoso Itzhak Perlman, who contracted polio as a child, about how parents opting out of vaccinations for their children could affect polio rates here.
Robots can help amid nursing home staffing crisis
A growing, aging population and an acute caregiver shortage are pushing adult care centers to think outside the box. Itay Hod introduces a new, high-tech helper.
World
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American Airlines plane from Miami found with apparent bullet hole in Colombia
The bullet was located in the right wing of a 737 MAX 8 aircraft that flew from Miami, Florida, to Medellín on Monday night as flight 923.
Photographer on capturing Jack Hughes' toothless grin after Olympic gold
Getty Images photographer Elsa Garrison shares how she managed to capture a "pretty iconic" image of Team USA's Jack Hughes.
12th century Crusader sword discovered by student off coast of Israel
A student made the discovery "by chance" while swimming, according to the University of Haifa.
Russell Brand pleads not guilty to new rape and sexual assault charges
Once a left-leaning political campaigner, Brand has rebranded himself as a conservative guru to millions of social media followers
France to punish U.S. ambassador after "surprise" no-show to diplomatic meeting
U.S. envoy Charles Kushner will be denied access to French government ministers due to his lack of attendance after comments about the death of a far-right activist
Entertainment
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Entertainment
Jeff Probst previews "Survivor"
Jeff Probst, who has hosted "Survivor" since it first aired more than 25 years ago, talks with "CBS Mornings" about how the 50th season is different, fan influence and what to expect with the premiere on Wednesday.
Neve Campbell on return to "Scream" franchise
Neve Campbell speaks to "CBS Mornings" about reprising her iconic role in the "Scream" franchise. Campbell talks about how the movie connects to a younger generation and her choice to speak out about pay disparity for "Scream 6."
Oprah reveals "Kin" as new book club pick
Oprah on "CBS Mornings" revealed "Kin" by Tayari Jones as her next book club selection. Kin is about two motherless daughters who have been best friends since early childhood, but their lives take different paths. This is only the tenth time Oprah has picked the same author twice.
Extended interview: Madison Beer
Madison Beer opens up about the start of her music career, artists who have inspired her along the way and creating her third studio album, "Locket," in an interview with CBS News senior culture correspondent Anthony Mason.
Nick Reiner pleads not guilty to murder
Nick Reiner pleaded not guilty in Los Angeles on Monday in the killing of his parents, Rob Reiner and Michele Singer Reiner. CBS News correspondent Carter Evans has more.
Technology
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Technology
Hegseth gives AI access demand to Anthropic
Defense Secretary Pete Hegseth told Anthropic CEO Dario Amodei he had until the end of this week to give the military a signed document that would grant full access to its artificial intelligence model, a sources said. The demand came during a meeting at the Pentagon on Tuesday. Ian Krietzberg, an AI correspondent at Puck, joins "The Daily Report" to discuss.
Hegseth demands full military access to Anthropic's AI model, sets deadline
The Pentagon may decide to officially designate Anthropic as a "supply chain risk" to push them out of government, sources say.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
AI-driven attacks are increasing, report says
CrowdStrike is reporting an increase in AI-driven attacks around the world. Adam Meyers, the head of counter adversary operations at CrowdStrike, joins CBS News with more details.
Teens use AI more frequently than parents know, survey finds
A Pew Research Center survey found that just 4 in 10 parents talk to their teens about AI usage.
Science
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What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
Crime
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4 people fatally stabbed outside home near Seattle, suspect shot dead by deputy
A man fatally stabbed four people before being shot dead by a sheriff's deputy outside a home northwest of Tacoma, Washington, authorities said.
Former DEA chief examines "El Mencho" operation
The killing of Mexican cartel boss "El Mencho" has led to massive unrest across the country. Ray Donovan, who served as chief of operations at the Drug Enforcement Agency and oversaw the capture of El Chapo, joins with analysis.
Stepbrother charged in cruise ship death
CBS News has learned authorities have charged the stepbrother of Anna Kepner, who was found dead aboard a cruise ship in November 2025, with homicide. Shanelle Kaul has the latest.
Utah judge in Charlie Kirk shooting case rejects bid to disqualify prosecutors
State District Judge Tony Graf decided in a Tuesday ruling to keep the Utah County Attorney's Office on the case against the man accused of killing Charlie Kirk.
Latest details on cruise ship death
The family of Anna Kepner, an 18-year-old who was found dead on a Carnival cruise ship in November, says her 16-year-old stepbrother has been charged with homicide in her death, court documents show. CBS News' Shanelle Kaul has the latest.
Space
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What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
NASA to start slow-moving process returning moon rocket to hangar this week
The space agency said Sunday it's targeting Tuesday for the slow, four-mile trek across Kennedy Space Center, weather permitting.
NASA's moon rocket hit by new problem, flight pushed to April
The Artemis II mission aims to send four astronauts — Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen — on a flight around the far side of the moon and back.
Report criticizes NASA Boeing Starliner trip
An internal investigation is blasting NASA's handling of the first piloted flight of Boeing's Starliner spacecraft in 2024. The flight left two astronauts stuck on the International Space Station for nearly a year. The investigation found the flight was plagued by potentially life-threatening technical and management failures.
Cosmologist on UFO files
President Trump has ordered the release of all government documents related to aliens, UFOs and extraterrestrial life. It comes after former President Barack Obama addressed the topic earlier this week and said aliens are real, a statement which he later modified. CBS News contributor Janna Levin has more details.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Trump: Iran "pursuing their sinister ambitions"
Amid U.S. tensions with Iran, President Trump said at the State of the Union on Tuesday that his "preference is to solve this problem through diplomacy," but that he would "never allow the world's number one sponsor of terror" to obtain nuclear weapons.
Trump welcomes man freed from Maduro at SOTU
President Trump welcomed a man who had been held in captivity by the Maduro regime during his State of the Union Address on Tuesday night, surprising the man's niece who was in the audience.
Trump recognizes Erika Kirk during address
President Trump remembered his "great friend, Charlie Kirk," and thanked his widow, Erika Kirk. The president said, "We must totally reject political violence of any kind."
Trump pushes for voter ID at SOTU
President Trump renewed his calls for voter ID and pointed to work requirements for identification in New York City while delivering his State of the Union Tuesday night.
Democrats shout at Trump during SOTU
President Trump asked members of Congress to stand if they agree with his statement that the first duty of the U.S. government is to protect American citizens, not those in the country illegally. As he continued to speak, some Democrats in the audience interjected.