
Justice Department Distributes $568 Million To Bernie Madoff Ponzi Scheme Victims
Thirty-one thousand people lost money in Madoff's financial fraud, one of the biggest in history.
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Thirty-one thousand people lost money in Madoff's financial fraud, one of the biggest in history.
Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes.
Attorney Brandon Sample told Judge Denny Chin that Madoff, 81, and confined to a wheelchair, should be allowed to contest claims by prosecutors that he has failed to show remorse.
Madoff's lawyers want him freed under a program that permits the release of some inmates who have less than 18 months to live.
He was sentenced to 150 years in prison for using his investment firm to cheat clients out of billions of dollars.
The Department of Justice confirmed Madoff filed paperwork asking the president, who has final say on clemency, to commute his term.
Attorney Roland Riopelle says 70-year-old Annette Bongiorno will have served two thirds of her six-year prison term by March 19 and should be released then.
The money represents approximately 75% of the estimated $17.5 billion in principal lost by customers who filed claims.
Victims of the Bernard Madoff Ponzi scheme will split a repayment of about $342 million in January under a plan by a court trustee.
A judge sentenced the last defendant in the Bernard Madoff Ponzi scheme case on Wednesday to six months in prison.
A judge spared Paul Konigsberg prison time and agreed not to require post-sentence supervision.
A former accountant who certified fake financial records hiding Bernard Madoff's epic Ponzi scheme was sentenced on Thursday to one year of home confinement.
Annette Bongiorno she apologized to victims of the multi-decade, multi-billion dollar fraud and berated herself for failing to see past her boss's influence and the riches he bestowed on her.
The trustee recovering money for thousands of investors said Monday that a half-billion-dollar settlement has been reached with two financial funds that invested with Ponzi schemer Bernard Madoff.
In an interview with "60 Minutes" in 2011, Madoff insisted he had no idea what his father was up to.
A senior partner at a New York accounting firm has now pleaded guilty to his role in the multi-billion dollar Bernard Madoff Ponzi scheme.
Yeshiva University is reportedly $1 billion in the red, with $500 million in debts and another $500 million in losses with risky investments.
The verdicts came Monday in a Manhattan trial that lasted nearly six months. The federal court trial was the first to result from the multi-decade fraud that landed Madoff in prison for 150 years.
The jury has the monumental task of sorting through five months of testimony to determine whether the ex-Madoff employees knew that their jobs involved perpetuating a massive Ponzi scheme.
The prosecution wraps up closing statements in the trial against five former aides to Ponzi schemer Bernard Madoff. Madoff's former secretary, his former head of operations, an account manager and two computer programmers are on trial.
Convicted swindler Bernie Madoff's secretary took the stand nearly five years after her former boss went to prison.
The fund will distribute assets forfeited in the Madoff case. It's separate from a bankruptcy court proceeding that has recovered money to redistribute to burned Madoff clients.
Madoff was sentenced to 150 years in prison after pleading guilty in 2009 for bilking investors of $65 billion. He ran his operation out of an office in the Lipstick Building in Midtown Manhattan.
The bank will pay $1.7 billion to settle criminal charges and a $350 million civil penalty for what the Treasury Department called "critical and widespread deficiencies'' in its programs to prevent money laundering and other suspicious activity.
New York financier Bernard Madoff's former right-hand man summed up his boss' arrest exactly five years ago with two words: "Madoff Implodes.''
Kelly was accused of using his celebrity status and a network of people to target girls, boys and young women for sex.
She is focusing on Thursday's special session of the Legislature to find ways to limit the effect of the Supreme Court ruling.
Police say the passenger is former law enforcement and was defending himself, so he was not charged.
One mistake could send you and your family to the hospital, or worse.
Police say she was found with blunt force trauma to her stomach and trauma to her face and arms on Aug. 10, 2021.
According to data analyzed by CBS News, the national homicide clearance rate has been improving for cases involving white victims, but falling for Black and Hispanic victims.
Once on the sand, they removed the hook and released the shark.
Crews started setting up the 96,000 pounds of pyrotechnics Wednesday.
The TSA says 80% of the firearms were loaded.
Crews started setting up the 96,000 pounds of pyrotechnics Wednesday.
The alleged crimes occurred throughout the Tri-State Area, as well as in Pennsylvania, Delaware and Massachusetts.
Addressing the court, Parnas sobbed and apologized to those who had lost money investing in his business ventures.
New Yorkers celebrated the end of Pride month in a unique way, by navigating the infamous Gowanus Canal by canoe
Police say the passenger is former law enforcement and was defending himself, so he was not charged.
The president aims to be able to power 10 million homes with wind energy by 2030.
Officials say there's no evidence any of the children deliberately hurt one another.
She is the second person in Connecticut to test positive for the virus this year and the first to die.
Drivers across the Tri-State Area continue to feel the squeeze at the pump.
The national average for a gallon of regular reached $4.87 on Monday. It's even more expensive in the Tri-State Area.
The TSA says 80% of the firearms were loaded.
Surveillance video shows the moment a Ford Edge went full speed into Morningside Florist on West Broadway.
The incident happened around 7 p.m. Monday at a home on Beechwood Drive.
Authorities say erroneous information on the internet claims Alito still lives in West Caldwell.
The Port Authority says travelers who do not pre-book parking spots will be charged a summer peak period surcharge.
One mistake could send you and your family to the hospital, or worse.
Once on the sand, they removed the hook and released the shark.
Judie Ulberg knows how stressful weddings can be. She works in the business. But this was different.
The CDC and FDA recently approved Moderna and Pfizer COVID vaccines for children 6 months of age and older.
The girl had been reported missing after she was dropped off by a rideshare in Hempstead on Monday.
She is focusing on Thursday's special session of the Legislature to find ways to limit the effect of the Supreme Court ruling.
Cassidy Hutchinson, an aide to former chief of staff Mark Meadows, testified that Trump said about the crowd at the Ellipse "something to the effect of, 'I don't effing care that they have weapons.'"
Gov. Kathy Hochul and Congressman Lee Zeldin will go toe-to-toe in November.
Authorities say erroneous information on the internet claims Alito still lives in West Caldwell.
Adams told reporters on Tuesday that the district attorney should investigate Giuliani for falsely reporting a crime.
Dr. Dave Chokshi says the tensions between Mayor de Blasio and Gov. Cuomo got in the way of public health.
The Reproductive Health Care Facilities Access Act passed the county Board of Legislators on Monday night.
The demand was overwhelming, and all appointments were booked through Monday.
The Chelsea Sexual Health Clinic opened at 11 a.m., but the line for a vaccine started forming outside about three hours earlier.
Demand was so high that it overwhelmed capacity and forced the city cut off walk-ins.
Offerings include some familiar characters and prices that don't strain family budgets, with some shows for free.
Kelly was accused of using his celebrity status and a network of people to target girls, boys and young women for sex.
The two winners for Best Performance by an Actor and Actress receive $25,000 scholarships.
Back in November, the boy was pinned under a car that jumped the curb in Gravesend.
Preliminary investigations suggested that Mara died while swimming, state police said.
Veteran right-hander throws two-hit ball over eight innings in Astros' 2-0 victory on Wednesday.
With the 5-3 victory, the Bombers are now 56-20, matching 2001 Mariners and 1998 Yankees for best start since 1930.
Sears (3-0) made his second spot start and limited the A's to three hits in 5 2/3 innings.
Carlos Carrasco (8-4) had a second straight rocky outing against Houston.
Trailing by four runs early, Bombers rally for 23rd come-from-behind victory of the season, 9-5 on Monday night.
"It's one of the few professions where you work with your heart, your hands, and your head at the same time," co-owner Tom Geppel told CBS2's Elle McLogan.
"That was my dream, to open a small business here," co-owner Pompeyo "Papa" Martinez told CBS2's Elle McLogan.
"We whip the whipped cream by hand. We make our hot fudge, caramel, most of our syrups," owner Vito Citrano told CBS2's Elle McLogan.
"Most of my customers are regulars. They come almost every day, and they feel that this is their home," Panagiotis Binioris said.
For hard-to-find flavors from faraway continents, professional chefs and home cooks flock to a specialty food store founded in 1944.
Thousands came out for the 2022 New York City Pride March through Manhattan on Sunday.
Juneteenth celebrations took place across New York City on June 19.
The famous Mermaid Parade returned to Coney Island on Saturday for its 40th anniversary.
Stars of stage and screen hit the red carpet for the 75th Annual Tony Awards on Sunday night.
Actor Ray Liotta has died. He was 67.
CBS2's Vanessa Murdock has your First Alert Forecast for June 29 at 6 p.m.
Video of a man pulling out a gun in a subway station is sparking new concerns about concealed weapons in New York City. Police say the man was defending himself, so he was not charged. CBS2's Lisa Rozner looks into whether other passengers could soon resort to using guns as self-defense, too.
Crews battled a fire at an auto body shop in Elizabeth, New Jersey, on Wednesday. Dan Rice reports from Chopper 2.
The Port Authority and TSA report a disturbing increase in guns found at airport security checkpoints.
Two people are facing charges in a multi-state sex trafficking ring.