
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.
Zachari Gallo said he was participating in a training exercise when he was bit on the chest and hand.
Police say at around 8 p.m. the officer saw another man pull out a gun, and aim it a crowd on Jamaica Avenue.
There wasn't a cloud in the sky, making it the perfect night to see every sizzle and sparkle clearly.
Investigators say a white Jeep Grand Cherokee hit a cyclist in the intersection of Metcalf Avenue and East 172nd Street.
Kradlemypet.com says more pets go missing on July 4 than any other day of the year because of the noise.
Troopers said two drivers were arguing with with one another on the road's right lane when a third car hit them.
Airlines have struggled to respond to a staffing shortage, and for many, trying to catch a flight has been rough.
Authorities said Walker was unarmed at the time of the shooting, but a shot appeared to have come from his vehicle during a pursuit, and officers said they feared he was preparing to fire.
Federal authorities are pushing back on R. Kelly's claims that he was placed on suicide watch as a form of punishment.
Police say at around 8 p.m. the officer saw another man pull out a gun, and aim it a crowd on Jamaica Avenue.
There wasn't a cloud in the sky, making it the perfect night to see every sizzle and sparkle clearly.
Investigators say a white Jeep Grand Cherokee hit a cyclist in the intersection of Metcalf Avenue and East 172nd Street.
Kradlemypet.com says more pets go missing on July 4 than any other day of the year because of the noise and the lights.
Troopers said two drivers were arguing with with one another on the road's right lane when a third car hit them.
A new finding shows there's been an uptick in fireworks-related injuries. Here are tips to help keep your July 4 celebrations safe.
There are dozens of delayed and canceled flights reported Saturday at Newark, LaGuardia and Kennedy Airports.
Flight demand is returning to near pre-pandemic levels, according to the experts.
According to FlightAware, more than 2,300 flights into or within the U.S. were delayed by Thursday afternoon.
The president aims to be able to power 10 million homes with wind energy by 2030.
There wasn't a cloud in the sky, making it the perfect night to see every sizzle and sparkle clearly.
Kradlemypet.com says more pets go missing on July 4 than any other day of the year because of the noise and the lights.
Airlines have struggled to respond to a staffing shortage, and for many, trying to catch a flight has been rough.
A resident told CBS2 that the warehouse had not been used for at least a year.
A new finding shows there's been an uptick in fireworks-related injuries. Here are tips to help keep your July 4 celebrations safe.
Zachari Gallo said he was participating in a training exercise in the water when he was bit on the chest and hand.
Airlines have struggled to respond to a staffing shortage, and for many, trying to catch a flight has been rough.
The Marine Bureau, helicopters and other resources will be on the lookout for sharks.
"In the early morning, you don't have to start your engines before 7 o'clock," said Cathy Anner.
A Florida judge denied a motion to dismiss the case Thursday.
Times Square is declared one of the "sensitive places" in New York state's new gun safety law.
The governor says the new law that will severely limit the places New Yorkers can carry weapons.
One bill provides confidential care to out-of-state residents coming to the state.
Murphy says this budget makes New Jersey more affordable.
"On behalf of all of the members of the court, I am pleased to welcome Justice Jackson to the court and to our common calling," Chief Justice John Roberts said.
The city's health department says it is working with federal partners to get extra doses in the coming weeks.
The medal is the nation's highest civilian honor.
The man says doctors are ordering him to isolate until his lesions are gone, which can take as long as four weeks.
Since the spring of 2020, Jacobi has seen an increase of 181 percent when it comes to gunshot victims.
The program have the capacity to perform 6,000 tests and dispense 600 treatments a day.
Federal authorities are pushing back on R. Kelly's claims that he was placed on suicide watch as a form of punishment.
Swift, 32, has had prior issues with alleged stalkers.
Kelly claims officials at the Metropolitan Detention Center knew he was not suicidal after his sentencing.
Kelly is the first platinum-selling hip-hop artist in the United States to be elected to office.
Masks will no longer be required at most Broadway shows.
Eastern Conference leaders won 1-0 on Sunday despite playing the final 20 minutes a man down.
Dom Dwyer netted the equalizer in the 86th minute as the teams settled for a 2-2 draw on Sunday.
Triston McKenzie shut down New York's big-bashing lineup over seven superb innings in Cleveland's 2-0 win Sunday.
Carlos Carrasco rebounded from a pair of poor starts and the Amazins' cruised to a 4-1 win on Sunday.
New York lost for the fourth time in five games and its lead in the NL East was shaved to 2 1/2 games over Atlanta.
"I always like to describe it as a little taste of England," owner Jennifer Myers-Pulidore told CBS2's Elle McLogan.
"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.
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 Dana Tyler has more on the officer's condition.
CBS2's Vanessa Murdock has what you need to know about an expected beautiful Fourth of July.
CBS2's Lisa Rozner has more on the sights and sounds in East Rutherford.
Zachari Gallo, who shared pictures of his injuries, said he he fought the shark after being bitten on the chest and hand. CBS2's Thalia Perez reports.
As people prepare to watch fireworks on the Fourth of July, veterinarians say pet owners need to be prepared, too. CBS2's Lisa Rozner spoke with a doctor on what you can do now.