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.''
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AG faces criticism over harassment accusations against aide
Allegations of sexual harassment led to the resignation of Letitia James' longtime chief of staff, Ibrahim Khan.
NYC Police Foundation releases annual K-9 & friends calendar
Sales usually raise around $30,000 with proceeds going to programs like the mounted and K-9 units.
Man accused in NYC shooting spree expected in court
Surveillance video shows Sundance Oliver walk into the 77th Precinct station house in Brooklyn to turn himself in.
House Ethics Committee investigating complaint involving AOC
The House Ethics Committee is investigating a complaint involving Congresswoman Alexandria Ocasio-Cortez.
New York Times employees planning 24-hour strike
This would be the first strike at the newspaper in more than 40 years.
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AG faces criticism over harassment accusations against aide
Allegations of sexual harassment led to the resignation of Letitia James' longtime chief of staff, Ibrahim Khan.
NYC Police Foundation releases annual K-9 & friends calendar
Sales usually raise around $30,000 with proceeds going to programs like the mounted and K-9 units.
Man accused in NYC shooting spree expected in court
Surveillance video shows Sundance Oliver walk into the 77th Precinct station house in Brooklyn to turn himself in.
House Ethics Committee investigating complaint involving AOC
The House Ethics Committee is investigating a complaint involving Congresswoman Alexandria Ocasio-Cortez.
New York Times employees planning 24-hour strike
This would be the first strike at the newspaper in more than 40 years.
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Stamford restaurant remembers co-workers killed in hit-and-run
A table is reserved at La Cantina Mexicana for remembrances of Giovanni Benis and Yuliana Lozano.
Stamford PD: Driver kills 2 pedestrians, tries to flee
An officer found the driver hiding behind a dumpster behind a building.
See it: Conn. mom fights off raccoon attacking 5-year-old
The girl says she and her mom ended up bitten and scratched.
Infowars host Alex Jones files for personal bankruptcy
Jones has laughed at the judgements on his Infowars show, saying he has less than $2 million to his name and won't be able to pay such high amounts.
Firefighters rescue 2 children from smoke-filled apartment in Stamford
The 2-year-old and 3-year-old were rushed outside and revived on the front lawn.
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#BetterTogether: Season of Giving
To help feed our families this holiday season, we have launched #BetterTogether Season of Giving. For this campaign, we partnered with community organizations to raise money, awareness, and food.
Dog reunited with family after swimming across Hudson River
While on a walk near the Hudson on the Upper West Side on Saturday, Bear got spooked and ran off.
New Jersey bear hunt back on
The hunt was supposed to start last week, but was put on hold while opposing sides went to court.
Parkinson's disease patients join choir to improve their voices
Some members of the Parkinsingers had no prior singing experience, but they're reveling in the chance to shine.
Expert advice: How to pick the perfect Christmas tree
Whether you're already decorated or still looking, we have tips for how to select your tree and make it last.
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MTA to enforce alcohol ban during SantaCon
The annual bar crawl returns to New York City on Saturday.
Baldwin Schools expected to introduce smart lockers after holidays
The district is investing $900,000 in a security upgrade. Students should be using new lockers after the holidays.
Family makes emotional plea to find Danie Philistin's killer
Police in Suffolk County asking for help in finding the gunman who killed a man at a house party last year.
How safe is the tap water on Long Island? New map shows amount of toxic chemicals
Long Island's water is more vulnerable to chemicals called PFAS.
Police: Couple heisted more than $1 million from homes in NYC, Sag Harbor
Authorities announced Tuesday the arrest of Raymond Bouderau of Manhattan and Jacqueline Jewett of Connecticut.
Politics
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AG faces criticism over harassment accusations against aide
Allegations of sexual harassment led to the resignation of Letitia James' longtime chief of staff, Ibrahim Khan.
House Ethics Committee investigating complaint involving AOC
The House Ethics Committee is investigating a complaint involving Congresswoman Alexandria Ocasio-Cortez.
Exclusive: NYC urges Gov. Hochul to veto Buy American Salt Act
Sanitation Commissioner Jessica Tisch cites increased cost and environmental factors as main reasons.
Gov. Hochul signs New York state nursing homes legislation
The measure expands the existing pandemic emergency plan to improve communication.
Opponents sound off on Mayor Adams' new mental health policy
There was outrage on the steps of City Hall on Wednesday over the mayor's efforts to tackle homelessness
Health News
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Hochul outlines steps to fight RSV, flu and COVID uptick
She says vaccines are critical to preventing major illnesses that could overwhelm hospitals.
Doctor's advice to avoid neck and back injuries this winter
Sport chiropractor Dr. Chris Cueto shares some easy exercises to help deal with the most common winter injuries.
New campaign urges Americans to get their flu shots
The Centers for Disease Control and Prevention reports 8.7 million seasonal flu cases so far.
Frozen raspberries recalled due to potential hepatitis A contamination
Exportadora Copramar voluntarily recalled 1,260 cases of frozen raspberries sold under the James Farm brand.
Rising RSV cases threaten to overwhelm hospitals nationwide
Doctors warn pediatric RSV cases are on the rise, and this may be just the beginning as the colder months arrive.
Entertainment News
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Caroline's comedy club to close
Caroline's comedy club will have its last laugh on New Year's Eve.
Kirstie Alley, "Cheers" actress, dies at age 71
"We are sad to inform you that our incredible, fierce and loving mother has passed away after a battle with cancer, only recently discovered," her children said in a statement.
NYC Children's Theater adapts "The Nutcracker" for younger audiences
"My First Nutcracker" tells the classic story of a young girl whisked away to a magical land.
Ukrainian children's choir will perform at Carnegie Hall
The choir will join other Ukrainian artists to perform "Carol of the Bells."
Musical featuring Britney Spears songs coming to Broadway
The musical is a mash-up of fairytales and was first staged in Washington D.C. late last year.
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AP source: Aaron Judge reaches $360M deal to stay with Yankees
Slugger will earn $40 million per season, the highest average annual payout for a position player.
Reports: Mets, lefty Jose Quintana agree to $26 million, 2-year deal
Quintana played for Pittsburgh and St. Louis last season, going 6-7 with a 2.93 ERA in 32 starts.
Defense implodes, Sorokin has rare off night as Blues pound Islanders
Noel Acciari and Colton Parayko scored 13 seconds apart in the third as St. Louis won 7-4.
Hamilton powers NHL-best Devils to shutout win over Blackhawks
Defenseman had a goal, two assists and Vitek Vanecek stopped 24 shots in the 3-0 win.
Nike ends shoe deal with NBA player Kyrie Irving
The Brooklyn Nets had suspended Irving for five games after he shared a link to an antisemitic film on social media.
The Dig
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Zipperstop: In Long Island City, a zipper shop is a family legacy
"Everyone can use a zipper," Keith Kreizel said.
The Sundae Palace: Creative chocolate shapes and edible crafts are a New Hyde Park family business
"We open up the box to give them their order, and their face just shines," co-owner Gina Masi said.
Alcone Company: Hell's Kitchen's supplier of makeup, prosthetics, and fake blood is 70 years old
The shop helps Halloween partygoers and Broadway designers create characters from the spooky to the glamorous.
Neir's Tavern: A Woodhaven destination for burgers and beer was founded in 1829
"It's very cozy, warm, very creaky," owner Loycent Gordon told CBS2's Elle McLogan.
Mariscos El Submarino: A Mexican restaurant in Jackson Heights where seafood gets a spotlight
"Every time I remember my town, I remember the food," co-owner Alonso Guzman told CBS2's Elle McLogan.
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Macy's Thanksgiving Day Parade marches through Manhattan
The 96th annual Macy's Thanksgiving Day Parade kicks off the holiday season for New Yorkers and visitors alike.
Macy's Thanksgiving Day Parade balloons inflated
There was excitement on the Upper West Side as balloons were inflated for the Macy's Thanksgiving Day Parade.
Britain's royal line of succession
Immediately upon the passing of Queen Elizabeth II, her eldest son, Prince Charles, became the new king. Here is a look at who else is in line.
2022 Rockefeller Center Christmas tree arrives in Manhattan
The Rockefeller Center Christmas tree arrived in Manhattan on Nov. 12, 2022.
2022 TCS New York City Marathon
More than 50,000 runners made their way through the five boroughs on the 26.2-mile course.
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First Alert Forecast: CBS2 12/7 Evening Weather at 6PM
CBS2's Lonnie Quinn has your First Alert Forecast for December 7 at 6 p.m.
New video shows crime spree suspect surrendering to police in Brooklyn
New video shows the suspect accused of going on a crime spree across three boroughs surrendering to police in Brooklyn.
CBS2 gets a look at how New York Common Pantry helps those in need
CBS2 is working with the New York Common Pantry as part of our Season of Giving #BetterTogether campaign, and Wednesday, our team got a first-hand look at how this organization is helping people in need.
CBS2, New York Common Pantry team up to fight food insecurity
CBS2 has teamed up with the New York Common Pantry in their effort to fight food insecurity as part of CBS New York's Season of Giving #BetterTogether campaign. CBS2's Jessi Mitchell shows us how our team chipped in to help in East Harlem.
St. Nick arrives for annual Operation Santa in New York City
Santa paid an early visit for New York City children Wednesday.
