
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.
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.
As two Long Island financial advisers head to prison, victims who were swindled in a Ponzi scheme are getting some payback.
The Department of Justice confirmed Madoff filed paperwork asking the president, who has final say on clemency, to commute his term.
A tearful Michael Wright of Saddle River, New Jersey, was sentenced by U.S. District Judge Colleen McMahon, who likened his crime to those of multibillion-dollar Ponzi scheme king Bernard Madoff.
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.
Prosecutors say Carton misappropriated at least $5.6 million and used it to pay off gambling debts and personal expenses.
Federal prosecutors say Shkreli, who sparked outrage in 2015 when he increased the price of a life-saving drug used by AIDS patients from $13 to $750, cheated investors out of millions in a Ponzi scheme.
Prosecutors on Friday alleged that two men led wealthy people to believe they were investing in ticket businesses for popular shows like an Adele concert and Broadway's "Hamilton."
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.
Republican Dean Skelos told reporters that he has hired an attorney in response to the investigation but said he had no plans to step down.
A son-in-law of former New York Assembly Speaker Sheldon Silver was charged with defrauding investors out of $7 million in a Ponzi scheme, according to a federal complaint.
Federal regulators have filed civil fraud charges against former NFL cornerback Will Allen and his business partner.
The victims of tax preparer Robert Van Zandt said they trusted him with their live savings for decades, but he stole millions of dollars and left them broke.
A former president of a suburban youth soccer cub has pleaded guilty to running a $5 million Ponzi scheme.
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.
Daniel Bonventre, 67, was sentenced Monday in federal court in New York for his part in the company's yearslong multibillion-dollar fraud.
Federal prosecutors in New York on Thursday announced the first bitcoin securities fraud case, accusing a Texas man of engineering a Ponzi scheme involving bitcoins.
Eric Aronson told a federal judge in Central Islip Friday he knew what he was doing was wrong.
In an interview with "60 Minutes" in 2011, Madoff insisted he had no idea what his father was up to.
The mayor said many of the migrants had asked to go to different destinations, but were not given a choice.
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
The public is being warned to use caution and limit time outdoors.
As a result, the Stop & Shop on Hamburg Turnpike in Wayne only has shopping carts for shoppers to use.
Police went up and down 42nd Avenue and neighboring streets Sunday and discovered 44 cars with punctured tires.
Police said the victim was riding the escalator at the station at 1:30 p.m. when someone stabbed him in the back.
Stories of heroism were told Sunday during a ceremony at the National Purple Heart Hall of Honor in New Windsor.
A couple in their 80s was unaccounted for, but officials did not immediately say who the remains belong to.
Video shows the suspects using hammers to smash display cases before loading their bags with jewels.
Police went up and down 42nd Avenue and neighboring streets Sunday and discovered 44 cars with punctured tires.
Police said the victim was riding the escalator at the station at 1:30 p.m. when someone stabbed him in the back.
Stories of heroism were told Sunday during a ceremony at the National Purple Heart Hall of Honor in New Windsor.
The mayor said many of the migrants had asked to go to different destinations, but were not given a choice.
Organizers say partial proceeds from ticket sales will be donated to the Universal Hip-Hop Museum in the Bronx.
The services were launched in the wake of the Supreme Court's decision to overturn Roe v. Wade.
It will offer tuition assistance to incentivize low-income and minority students to enter accelerated programs.
Bill Priest, of West Hartford, walked into his kitchen Sunday and found the intruder.
The numbers are troubling, and experts say vaccine delays will only allow the virus to spread more.
The New York state health commissioner has declared the outbreak an imminent threat to public health.
As a result, the Stop & Shop on Hamburg Turnpike in Wayne only has shopping carts for shoppers to use.
The public is being warned to use caution and limit time outdoors.
A couple in their 80s was unaccounted for, but officials did not immediately say who the remains belong to.
Members of the military, law enforcement and the public jumped into the Hudson River for a great cause on Saturday.
Two brothers and a friend got lost while they were riding their bikes through the woods in Magnolia.
A 10-mile stretch is known as "Blood Alley" for treacherous turns, short ramps, sharp exits and merges.
The owner had purchased the alligator out of state and did not have a permit to own one in New York.
Investigators told CBS2 the drugs were shipped from California to the Hempstead Post Office.
The money will be used to hire more advocates and cut down on wait times on the hotline.
The couple had been dating for two years. Their relationship was described by friends and family as "tumultuous."
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
Ending his most recent COVID-19 isolation, President Biden has left the White House for the first time since becoming infected last month.
But the president "will continue his strict isolation measures pending a second negative test," White House physician Dr. Kevin O'Connor said.
The Senate's nonpartisan rules arbiter has dealt a blow to Democrats' plan for curbing drug prices.
The NYPD disclosed that the hot days of summer last month saw an increase in murders and all kinds of other crimes.
The CDC team will help with outreach and vaccinations.
The changes could include deemphasizing the "test to stay" strategy, in which students exposed to COVID-19 take regular tests to stay in the classroom.
The health department said it is still investigating the virus' origin, after finding eight of the positive wastewater samples are genetically linked.
The services were launched in the wake of the Supreme Court's decision to overturn Roe v. Wade.
The president declared monkeypox a nationwide health emergency as cases increase rapidly.
Organizers say partial proceeds from ticket sales will be donated to the Universal Hip-Hop Museum in the Bronx.
The Broadway-bound show is now playing in the Second City through Aug. 21.
"The Nosebleed" explores the main character's fractured relationship with their long-deceased father.
Investigators told CBS2 the drugs were shipped from California to the Hempstead Post Office.
The "Rock the Bells" festival at Forest Hills Stadium will feature some of the biggest names in hip hop.
Right-hander strikes out 12 over 5 2/3 innings in 5-2 victory on Sunday. New York now leads Atlanta by 6 1/2 games.
The Bombers' losing streak grew to a season-high five games with a 12-9 defeat on Sunday.
The Mets stretched their NL East lead to 5 1/2 games.
Domingo Germán (1-2) took the loss, giving up the only run and four hits in five innings.
Eloy Room had four saves for the Crew. Sean Johnson saved three for NYCFC.
"Our store is pretty much like a dinosaur," co-owner Anthony Pierdipino told CBS2's Elle McLogan.
"It's really traditional, old-school Bavarian," co-owner Werner Lehner told CBS2's Elle McLogan.
"We want the common plants, but we really love the uncommon plants," co-owner Christan Summers told CBS2's Elle McLogan.
"It makes me feel good when the people go out and they feel confident in what they're wearing," owner Pablo Vargas told CBS2's Elle McLogan.
"I always like to describe it as a little taste of England," owner Jennifer Myers-Pulidore told CBS2's Elle McLogan.
Ivana Trump passed away in her New York home at age 73.
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.
Crews are searching for a person whose friend says they went into the water and never came out.
CBS2's Vanessa Murdock is calling for temperatures in the mid-90s and "feels like" temps around triple digits for most of the Tri-State Area on Monday.
Employees say shoppers in some instances are stealing hand-held baskets instead of buying reusable bags. CBS2's Lisa Rozner reports.
Bayside residents fume over vandalism and the high cost of getting new tires. CBS2's Jenna DeAngelis reports.
CBS2's Thalia Perez has more on what you can do to avoid heat-related problems.