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.
Bernie Madoff
Infamous Ponzi Schemer Bernie Madoff Dies In Prison At 82
Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes.
Bernie Madoff Asks To Make 'Dying, Personal Plea' To Judge For Early Release
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.
Prosecutors Ask Judge To Deny Bernie Madoff's Request For Release
Madoff's lawyers want him freed under a program that permits the release of some inmates who have less than 18 months to live.
Bernie Madoff Asks To Be Released From Prison Because Of Failing Health
He was sentenced to 150 years in prison for using his investment firm to cheat clients out of billions of dollars.
Bernie Madoff Asks President Trump For Sentence Reduction
The Department of Justice confirmed Madoff filed paperwork asking the president, who has final say on clemency, to commute his term.
Madoff's Former Secretary Seeks Early Prison Release
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.
Recovery Milestone Reached For Madoff Victims
The money represents approximately 75% of the estimated $17.5 billion in principal lost by customers who filed claims.
Madoff Ponzi Scheme Victims Might Split $342 Million Repayment Next Year
Victims of the Bernard Madoff Ponzi scheme will split a repayment of about $342 million in January under a plan by a court trustee.
Irwin Lipkin, Last Madoff Scheme Defendant, Gets 6 Months In Prison
A judge sentenced the last defendant in the Bernard Madoff Ponzi scheme case on Wednesday to six months in prison.
Madoff Accountant Spared Prison Time After Admitting To Role In Ponzi Scheme
A judge spared Paul Konigsberg prison time and agreed not to require post-sentence supervision.
Former Bernie Madoff Accountant Sentenced To Home Detention
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.
Bernie Madoff's Former Secretary Gets 6 Years In Prison
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.
Trustee: Half-Billion Dollar Settlement Reached For With 2 Madoff Funds
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.
Andrew Madoff, Son Of Disgraced Ponzi Schemer Bernard Madoff, Dies Of Lymphoma
In an interview with "60 Minutes" in 2011, Madoff insisted he had no idea what his father was up to.
Madoff Accountant Admits To Role In Infamous Ponzi Scheme
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.
Report Finds Losses Of $1 Billion At Yeshiva University
Yeshiva University is reportedly $1 billion in the red, with $500 million in debts and another $500 million in losses with risky investments.
Guilty Verdicts For 5 Former Bernard Madoff Employees
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.
Closing Arguments Wrap Up In Fraud Trial Of Ex-Madoff Employees; Deliberations To Begin Monday
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.
Fate Of 5 Ex-Madoff Employees To Soon Be In Jury's Hands
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.
Bernie Madoff's Secretary Takes The Stand As Feds Try To Extend Prosecution
Convicted swindler Bernie Madoff's secretary took the stand nearly five years after her former boss went to prison.
Deadline Extended For Madoff Victim Relief Fund
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.
Report: Madoff Battling Cancer, Recovering From Heart Attack
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.
JPMorgan To Pay Largest Ever Settlement Over Madoff's Ponzi Scheme
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.
Former Madoff Deputy Testifies On 5th Anniversary Of Ponzi Schemer's Arrest
New York financier Bernard Madoff's former right-hand man summed up his boss' arrest exactly five years ago with two words: "Madoff Implodes.''
CBS News New York — Watch Live 24/7
Latest News
First Alert Weather: Red Alert for thunderstorms Friday
The storms are capable of producing downpours, damaging winds, hail and even an isolated tornado.
Manhattan DA Bragg says combating gun crime "is our top priority"
He says his office is also grappling with subway crime and numerous other threats to public safety.
Teen charged with threatening shooting at Long Island high school
Investigators say a 16-year-old student posted a message on Instagram saying, "Bellport mass shooting (tomorrow)?"
Patriotism, appreciation on display at Memorial Day Weekend observances
The theme in Rockland County and Westchester County was remembering the "why" behind the holiday weekend.
"Let's Talk Fentanyl" ad campaign raises eyebrows for some straphangers
The city says the initiative is meant to lower the more than 2,000 New Yorkers who die from overdoses every year.
Delay in breaching classroom during school shooting was "wrong decision," official says
Nearly 20 officers were in a hallway for more than 45 minutes before agents used a master key to open a door and confront the gunman, authorities said.
300,000 expected to attend this weekend's Bethpage Air Show
Up to 300,000 spectators expected on Saturday and Sunday for a spectacle unlike any other.
Guide to Fleet Week 2022 in New York City
Fleet Week is coming back to New York City in a big way this week.
May is cystic fibrosis awareness month
You may have heard of cystic fibrosis, but many people don't understand what it really is.
New York News
More New York News
Manhattan DA Bragg says combating gun crime "is our top priority"
He says his office is also grappling with subway crime and numerous other threats to public safety.
Patriotism, appreciation on display at Memorial Day Weekend observances
The theme in Rockland County and Westchester County was remembering the "why" behind the holiday weekend.
"Let's Talk Fentanyl" ad campaign raises eyebrows for some straphangers
The city says the initiative is meant to lower the more than 2,000 New Yorkers who die from overdoses every year.
300,000 expected to attend this weekend's Bethpage Air Show
Up to 300,000 spectators expected on Saturday and Sunday for a spectacle unlike any other.
Artist Danielle Mastrion's gives detailed tour of her new "Welcome to Coney Island" mural
Just in time for the busy summer season, the Alliance for Coney Island is excited to have a new welcome sign celebration Coney Island's past, and its present.
Connecticut News
More Connecticut News
Sandy Hook families speak out about warning signs after Texas shooting
From early reports, Sandy Hook Promise says the Uvalde shooter appeared to exhibit many of the warning signs.
AAA: Busy summer travel season, despite soaring gas prices
Memorial Day Weekend is almost here, and despite COVID-19 concerns, millions of people are expected to travel. But, it's not going to be cheap.
Dems, GOP trying to work together to quell spike in mass shootings
The attitude between the political parties is often one of mutual contempt. So how do they pivot to compromise?
Sandy Hook parents struggling with Uvalde, Texas school shooting
Another elementary school tragedy is bringing back raw and painful emotions for families in Connecticut.
Connecticut families can apply for child tax rebate as of June 1
The maximum rebate is $250 for up to three children.
New Jersey News
More New Jersey News
Despite seasonal hiring challenges, business owners have high hopes on the Jersey Shore
Last year, shore towns were struggling to find seasonal employees and that impacted some of their bottom lines because they had to shorten their days.
Investigation: No link between brain tumors and Colonia High School
The finding flies in the face of dozens of people who claim they got tumors after attending the school.
Remembering Ray Liotta through the years
Actor Ray Liotta has died. He was 67.
"Enough is enough": Students walk out of classes to demand action on gun violence
Some shared their outrage and disgust that after so many school shootings, no meaningful changes have been made.
Actor Ray Liotta, star of "Goodfellas" and more, dies at 67
His publicist says Liotta died in his sleep in the Dominican Republic.
Long Island News
More Long Island News
300,000 expected to attend this weekend's Bethpage Air Show
Up to 300,000 spectators expected on Saturday and Sunday for a spectacle unlike any other.
Teen charged with threatening shooting at Long Island high school
Investigators say a 16-year-old student posted a message on Instagram saying, "Bellport mass shooting (tomorrow)?"
Doctors remove basketball-sized tumor growing on Long Island man's liver
Margarito Banos went to the hospital with what he thought was an upset stomach. Instead, doctors found a rare, cancerous liver tumor.
All-out effort to hire seasonal workers amid "severe shortage" of lifeguards, and more
Some beaches and pools in the Tri-State Area may have to scale back hours if they can't get enough seasonal workers.
Military aircrafts start to arrive for Bethpage Air Show
The U.S. Navy Blue Angels will arrive on Long Island today, along with a Navy F22 Raptor will also arrive at Macarthur Airport.
Politics
More Politics
Judge dismisses Trump lawsuit against NY AG investigation
The ruling came a day after a New York appeals court ruled Trump must answer questions under oath in New York Attorney General Letitia James' investigation.
Officials: 41 indicted in NYC shoplifting crackdown
Members of the ring reportedly resold the stolen goods on eBay, prompting the mayor to lash out, again, at social media.
Trump ordered to testify under oath in NY AG investigation
The attorney general says her investigation has uncovered evidence Trump's company, the Trump Organization, used "fraudulent or misleading" valuations of assets.
"Absentee homeowners" accused of using NYC program to get tax breaks
A Department of Investigation report uncovered at least 15 homeowners violating the primary residence requirement
Mayor Adams talks police reforms 2 years after George Floyd's murder
Adams marked the anniversary by meeting with members of Floyd's family to outline steps he has taken to fix the NYPD.
Health
More Health
May is cystic fibrosis awareness month
You may have heard of cystic fibrosis, but many people don't understand what it really is.
Officials: 1 dead, 8 hospitalized in Legionnaires' cluster in the Bronx
Nineteen people have been diagnosed with Legionnaires' disease in the Highbridge neighborhood since May 3, officials said.
New "CONNECT" mental health program coming to New York City
The treatment model is part of the city's plan to address the growing crisis and expand resources to all New Yorkers.
Pfizer says 3 of its COVID shots give kids under 5 strong protection
The company says it'll give U.S. regulators the data soon. Moderna is already seeking U.S. clearance to vaccinate kids 5 and under.
NYC health dept. says monkeypox case is presumptive positive
The case has been identified as positive for Orthopoxvirus, which is the family of viruses monkeypox belongs to.
Entertainment
More Entertainment
Remembering Ray Liotta through the years
Actor Ray Liotta has died. He was 67.
Actor Ray Liotta, star of "Goodfellas" and more, dies at 67
His publicist says Liotta died in his sleep in the Dominican Republic.
Bruce Springsteen and the E Street Band announce first tour in 6 years
Bruce Springsteen has announced that he and the E Street Band will start an international tour next year.
Meet the Nominees: Camille A. Brown
She earned two nominations for the play "for colored girls who have considered suicide/when the rainbow is enuf."
Meet the Nominees: Jesse Williams
The former "Grey's Anatomy" star earned a Tony nod for his Broadway debut in the revival of the play "Take Me Out."
Sports
More Sports
Yankees, Rays use social media to spread gun violence facts
The move was made in response to recent mass shootings in Uvalde, Texas, and Buffalo.
Hurricanes stifle Rangers, grab 3-2 series lead
Vincent Trocheck buried a short-handed goal, Teuvo Teravainen scored on the power-play in Carolina's 3-1 win Thursday.
Nestor Cortes frustrates Rays, short-handed Yankees roll
The 27-year-old left-hander lowered his ERA to 1.70, retiring 14 in a row during one stretch in New York's 7-2 victory.
Yankees' Donaldson apologizes to Anderson, Robinson family
Donaldson called the White Sox infielder "Jackie," referring to Jackie Robinson, drawing criticism on and off the field.
Yankees' kid pitchers completely shut down Orioles
JP Sears pitched five innings to win his first career start and the no-name relievers did the rest in a 2-0 win Wednesday.
The Dig
More The Dig
The Hungarian Pastry Shop: Purveyor of coffee, cake, and conversation since 1961
"Most of my customers are regulars. They come almost every day, and they feel that this is their home," Panagiotis Binioris said.
'The melting pot starts' at Kalustyan's in Midtown
For hard-to-find flavors from faraway continents, professional chefs and home cooks flock to a specialty food store founded in 1944.
The Best Goodie Bag: A Valley Stream 'cakery' where everyone is family
Multiple generations are working side-by-side to pursue a dream they didn't know they had.
At Di Palo's in Little Italy, fresh mozzarella is the family legacy
"When you can say you've kept a customer, a loyal customer, for 60, 70, 80 years, through the generations, then you know that you've had a successful business," co-owner Lou Di Palo told CBS2's Elle McLogan.
Family tradition is tightly woven at Mendel Goldberg Fabrics on the Lower East Side
"I walk in here every day, and I feel the legacy of my family," fourth-generation owner Alice Goldberg told CBS2's Elle McLogan.
Latest Galleries
More Latest Galleries
Remembering Ray Liotta through the years
Actor Ray Liotta has died. He was 67.
Buffalo shooting: 10 killed, 3 injured at supermarket
Ten people were killed and three were injured in a mass shooting at a Buffalo supermarket on May 14, 2022.
2022 Met Gala Red Carpet
This year's theme is Gilded Glamour, and the stars are dripping in opulence.
2022 Mets home opener
The Mets unveiled the long-awaited Tom Seaver statue before their sold-out home opener at Citi Field on April 15, 2022.
23 injured in subway shooting, smoke bomb attack
Nearly two dozen people were injured in a shooting and smoke bomb attack aboard a Brooklyn subway Tuesday.
Latest Videos
More Latest Videos
Latest Videos
AAPI youth program matches school-age kids with volunteer mentors
The mentoring program is only part of what Apex for Youth has to offer, CBS2's Jenna DeAngelis reports.
Manhattan DA Alvin Bragg says combating gun crime "is our top priority"
Bragg says his office is also grappling with subway crime and numerous other threats to public safety, CBS2's Jessica Moore reports.
Verizon worker allegedly stabbed NJ homeowner in neck
Investigators said 32-year-old Michael Tsamas was hired by Verizon to solicit new customers.
NYC beaches open Saturday
The Parks Department is urging beachgoers to be safe and only swim when lifeguards are on duty.
Paralympics champion making a comeback at 60
Doug Heir's return to competition goes far deeper than just sports, CBS2's Steve Overmyer reports.
