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.
Ponzi Scheme
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.
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
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.
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.
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.
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 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
Harvard-grad financier gets prison for "staggering" fraud
Haena Park was sentenced to three years in prison for squandering $23 million on bad investments
Madoff sons' estates to hand over millions
Mark Madoff hanged himself in 2010 while Andrew Madoff died of cancer in 2014;
Justices reject appeal of Ponzi scheme conviction
The Supreme Court has declined to take on the case of former Texas tycoon R. Allen Stanford, who has been convicted on fraud, conspiracy and obstruction charges
Manager of Backstreet Boys, 'NSync dies in prison at 62
Lou Pearlman’s $300 million Ponzi scheme through his Trans Continental companies was uncovered in 2006
ZeekRewards founder heads to trial for $900M scam
Feds allege Paul Burks' online auction site fronted a Ponzi scheme that bilked 1 million people out of nearly $1 billion
SEC says Oregon firm ran $350 million Ponzi scheme
It accuses Aequitas Capital Management of duping 1,500 clients, but the CEO says the agency chose "to rush to judgment"
China busts an alleged $7.6 billion online Ponzi scheme
The government accuses an Internet financing company of bilking 900,000 investors and arrests its founder
Key moments, reaction to Trump's announcement of new tariffs
President Trump announced new reciprocal tariffs on Wednesday, which he dubbed "Liberation Day."
4 Republicans join Senate Democrats to rebuke Trump tariffs on Canada
The Senate voted Wednesday on a measure aimed at blocking tariffs on Canadian products.
Exclusive
Wife of man mistakenly sent to Salvadoran prison says he's not a criminal
The wife of Kilmar Abrego Garcia, who was mistakenly deported to an El Salvador prison, says he's not a criminal and she's "scared for his life."
See the full list of reciprocal tariffs by country from Trump's chart
President Trump announced reciprocal tariffs on about 60 countries, including China and the European Union. Here's the list.
World leaders react with disappointment to Trump's sweeping tariffs
The response so far from foreign leaders to President Trump's announcement of reciprocal tariffs has ranged anywhere from muted to critical.
Exclusive
Family of British couple in Taliban captivity appeal to Trump
Britons Peter and Barbie Reynolds, both in their 70s, were detained by the Taliban on Feb. 1.
Businesses fear new Trump tariffs will hurt them — and their customers
One restaurant owner worried about tariffs pushing up food prices said such costs are "coming right off my bottom line."
Evangelical group strives to change its own narrative around immigration
Women of Welcome, a nonprofit migrant aid group made up of evangelical women from across the U.S. who are attempting to help asylum seekers, something they say is a Biblical calling.
FDA planning for fewer food and drug inspections due to layoffs, officials say
Around 170 staff were cut from the FDA's Office of Inspections and Investigations this week as part of wider cuts at U.S. health agencies.
U.S.
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World leaders react with disappointment to Trump's sweeping tariffs
The response so far from foreign leaders to President Trump's announcement of reciprocal tariffs has ranged anywhere from muted to critical.
Tornadoes, floods threaten Midwest as storms wallop region and the South
The National Weather Service issued a tornado emergency, the most severe type of warning that exists, in Lake City, Arkansas.
What to know about federal executions as DOJ seeks death penalty for Mangione
Each death penalty case is authorized by the DOJ headquarters in Washington, D.C., in consultation with local U.S. Attorney offices, who prosecute the cases.
Businesses fear new Trump tariffs will hurt them — and their customers
One restaurant owner worried about tariffs pushing up food prices said such costs are "coming right off my bottom line."
See the full list of reciprocal tariffs by country from Trump's chart
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
MoneyWatch
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Businesses fear new Trump tariffs will hurt them — and their customers
One restaurant owner worried about tariffs pushing up food prices said such costs are "coming right off my bottom line."
See the full list of reciprocal tariffs by country from Trump's chart
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
Which products will be affected by new tariffs announced by Trump?
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
Trump reveals these 2 new tariffs on "Liberation Day," April 2
On April 2, President Trump unveiled a universal import duty of 10% on all products, as well as reciprocal tariffs on imports from 90 nations.
Nintendo Switch 2 and new "Mario Kart World" game to be released in June
Nintendo has announced a June 5 launch date for its latest gaming console, the Switch 2.
Politics
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World leaders react with disappointment to Trump's sweeping tariffs
The response so far from foreign leaders to President Trump's announcement of reciprocal tariffs has ranged anywhere from muted to critical.
Evangelical group strives to change its own narrative around immigration
Women of Welcome, a nonprofit migrant aid group made up of evangelical women from across the U.S. who are attempting to help asylum seekers, something they say is a Biblical calling.
Trump reveals these 2 new tariffs on "Liberation Day," April 2
On April 2, President Trump unveiled a universal import duty of 10% on all products, as well as reciprocal tariffs on imports from 90 nations.
Poll: Most Americans say flying is safe, particularly those who do it often
A majority of Americans rate the overall safety record of commercial airline travel positively, CBS News polling finds.
FDA planning for fewer food and drug inspections due to layoffs, officials say
Around 170 staff were cut from the FDA's Office of Inspections and Investigations this week as part of wider cuts at U.S. health agencies.
HealthWatch
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Here's how cuts at NIH could impact cancer patients
The Trump administration's cuts to the National Institutes of Health has some worried about stalls in research and medicine.
FDA planning for fewer food and drug inspections due to layoffs, officials say
Around 170 staff were cut from the FDA's Office of Inspections and Investigations this week as part of wider cuts at U.S. health agencies.
Tony's Chocolonely recalls chocolate bars after reports of stones
Tony's Chocolonely is recalling some products after consumers reported finding "small stones" in the chocolate bars.
FDA lays off bird flu leadership, among steep cuts to senior veterinarians
More than 130 staff were cut from the FDA's Center for Veterinary Medicine, officials said.
Why experts say you should travel with a carbon monoxide detector
Each year, more than 400 Americans die from unintentional carbon monoxide poisoning. Here's what to know about traveling with a detector.
World
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World leaders react with disappointment to Trump's sweeping tariffs
The response so far from foreign leaders to President Trump's announcement of reciprocal tariffs has ranged anywhere from muted to critical.
Exclusive
Family of British couple in Taliban captivity appeal to Trump
Britons Peter and Barbie Reynolds, both in their 70s, were detained by the Taliban on Feb. 1.
Archaeologists discover mass grave from Roman Empire-era battle
Experts at the Vienna Museum provided a public presentation of the mass grave this week, which had the bodies of more than 100 people.
Fugitive leader of notorious Ecuador drug gang is indicted in U.S.
José Adolfo Macías Villamar — known as "Fito" — has led Los Choneros and its "network of assassins and drug and weapon traffickers" since at least 2020, federal prosecutors said.
Trump envoy Steve Witkoff to meet Russian negotiator at White House
Kirill Dmitriev is the first Russian official to visit the White House since the first Trump administration.
Entertainment
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Tony Bennett's daughters file new lawsuit against brother over estate
Tony Bennett's children are in a legal battle over the singer's estate.
Nintendo Switch 2 and new "Mario Kart World" game to be released in June
Nintendo has announced a June 5 launch date for its latest gaming console, the Switch 2.
From the archives: Val Kilmer as Mark Twain
Actor Val Kilmer, best known for "Top Gun," "The Doors," and his starring role as Batman, died on April 1, 2025, at age 65. In this Sept. 22, 2013 "Sunday Morning" story, correspondent Bill Geist sat down with Kilmer, then playing Mark Twain in his one-man stage show, "Citizen Twain," to discuss the legacy of the legendary humorist whom Vilmer called "the first great stand-up comedian."
Paddy Considine on "MobLand"
Paddy Considine talks about starring in Guy Ritchie's latest action-packed series "MobLand," playing the son of a powerful crime boss caught in a turf war alongside a star-studded cast.
Max Thieriot on season 3 of "Fire Country"
Max Thieriot plays Bode Donovan, a former inmate navigating a new life as a firefighter in season 3 of the CBS drama, "Fire Country." He joins "CBS Mornings Plus" to discuss the inspiration behind the role and the real-life program that shaped the story.
Technology
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Technology
Nintendo unveils new Switch 2 console
Nintendo has unveiled its next console, the Switch 2. Washington Post reporter Gene Park joins "The Daily Report" to discuss the new user experience, the price and possible security concerns.
Amazon tells White House it's interested in buying TikTok
Amazon has expressed interest in buying TikTok ahead of deadline for ByteDance to sell the social media app or face a U.S. ban.
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.
What to know about RedNote
CBS News Confirmed looks at why users are flocking to RedNote, the new Chinese app raising red flags over data privacy and propaganda, as TikTok faces a potential U.S. ban.
Growing demand to power AI, cryptocurrency
As cryptocurrency and artificial intelligence advancements are made, U.S. demand for the energy needed to power massive mining and data centers grows. David Turk, former deputy secretary of the U.S. Department of Energy, joins "The Daily Report" to discuss how much energy the U.S. needs and the potential environmental impacts.
Science
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Archaeologists discover mass grave from Roman Empire-era battle
Experts at the Vienna Museum provided a public presentation of the mass grave this week, which had the bodies of more than 100 people.
Astronauts on unexpected 9-month space mission
Originally scheduled for just 8 days aboard the International Space Station, the two astronauts spent over 9 months in orbit due to delays with their Boeing Starliner return. Now back on Earth, they share how they coped, what they missed most, and how the mission unexpectedly became political.
Icelandic volcano erupts, shutting down popular tourist attraction
Authorities in Iceland were forced by a new volcanic eruption to evacuate dozens of homes and shut down the hugely popular Blue Lagoon tourist attraction.
SpaceX's Fram2 launch sends civilian crew into flight around Earth's poles
The international all-civilian Fram2 crew is the first in space history to fly to orbit with no licensed pilot or trained astronaut on board.
Ancient wasp snatched prey like Venus flytrap, scientists say
"I've seen a lot of strange insects, but this has to be one of the most peculiar-looking ones I've seen in a while," said one entomologist.
Crime
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What to know about federal executions as DOJ seeks death penalty for Mangione
Each death penalty case is authorized by the DOJ headquarters in Washington, D.C., in consultation with local U.S. Attorney offices, who prosecute the cases.
Man accused of trying to kill Kavanaugh intends to plead guilty, court docs show
Nicholas Roske was found outside Supreme Court Justice Brett Kavanaugh's home with a gun and a knife in 2022.
Adams reacts to judge dismissing case
New York City Mayor Eric Adams touted a judge's decision to dismiss his federal corruption case with prejudice. Adams faced several counts of bribery, conspiracy and campaign finance violations. CBS News' Shanelle Kaul has more.
Fugitive leader of notorious Ecuador drug gang is indicted in U.S.
José Adolfo Macías Villamar — known as "Fito" — has led Los Choneros and its "network of assassins and drug and weapon traffickers" since at least 2020, federal prosecutors said.
German police say online child sex abuse platform busted in huge operation
Police in Europe say "one of the largest pedophile platforms in the world" is now offline after a joint operation dismantled the "KidFlix" network.
Space
More Space
"City-killer" asteroid has slim chance of striking moon, experts say
The 2024 YR4 asteroid has a near-zero chance of striking Earth, but a slim chance of hitting the moon, new research says.
NASA's SPHEREx space telescope releases its first images
The first images captured by NASA's SPHEREx space telescope showed tens of thousands of stars and galaxies.
Wilmore, Williams on space stay
Butch Wilmore and Suni Williams are sharing more details about their experience in space aboard the International Space Station after their time in Boeing's Starliner capsule. CBS News' Mark Strassmann spoke to the pair about their journey.
Williams and Wilmore reflect on space odyssey
Astronauts Butch Wilmore and Suni Williams addressed the media for the first time Monday since returning to Earth almost two weeks ago. CBS News senior national correspondent Mark Strassmann reports from the Johnson Space Center in Houston, Texas.
NASA astronauts discuss extended space trip
NASA astronauts Sunita "Suni" Williams and Barry "Butch" Wilmore are adjusting to life back on Earth after spending more than nine unplanned months in space. The astronauts discussed their science mission at a news conference on Monday from the agency's Johnson Space Center in Houston. Former NASA astronaut Dr. Tom Marshburn joins CBS News to unpack the pair's comments.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Husband pieces together wife's last movements to find out how she was killed
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Latest CBS News Videos
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Latest CBS News Videos
Highlights from Trump's tariff announcement
President Trump on Wednesday announced major tariffs, including a 10% baseline tariff for all U.S. trading partners. CBS News reports on what Mr. Trump referred to as "Liberation Day."
Reporter's Notebook: The cost of defying Trump
A Social Security contract in Maine was abruptly canceled -- not to root out waste, fraud or abuse, but to punish a governor who defied President Trump. "CBS Evening News" co-anchor John Dickerson ponders the ramifications.
Trump's crackdown on foreign student visas
Students identified as pro-Palestinian activists have had their visas revoked or their legal status challenged the by the Trump administration, who cites a provision in America's immigration law. Genevieve Lakier, professor of law and First Amendment scholar at the University of Chicago, joins to discuss.
Evangelical group aids migrants at border
U.S. Customs and Border Protection recently reported illegal border crossings have declined to a record low of just over 7,100. While the number of asylum seekers has dropped, the needs of those who do make the journey remains. Adam Yamaguchi reports one group has found providing aid is a heavenly calling.
Wife of Maryland deportee pleads for his return
Kilmar Abrego Garcia, a Maryland father deported to El Salvador despite having federal protection, is suing the U.S. secretary of homeland security. Camilo Montoya-Galvez spoke to his wife about the ordeal.