George Santos under scrutiny over former employer's Ponzi scheme
Federal regulators are asking about the congressman's involvement with a company accused of running a multi-million dollar Ponzi scheme.
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Federal regulators are asking about the congressman's involvement with a company accused of running a multi-million dollar Ponzi scheme.
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.
CJ McCollum scored 32 points and the Hawks rallied to stun the Knicks 107-106 on Monday night, tying their first-round playoff series at one game apiece.
Mourners gathered at Roy Wilkins Park in St. Albans, Queens, on Monday night for a vigil for 15-year-old Jaden Pierre, who was shot to death last week.
School district leaders in Scarsdale, New York, are investigating what the superintendent called "unacceptable antisemitic conduct."
Federal law entitles students with disabilities to special education services until they turn 21. What happens next is what many caregivers call "the transition cliff."
Much of New York, New Jersey and Connecticut are under a freeze warning Monday night, and that means crops and plants are in danger of dying.
CJ McCollum scored 32 points and the Hawks rallied to stun the Knicks 107-106 on Monday night, tying their first-round playoff series at one game apiece.
Mourners gathered at Roy Wilkins Park in St. Albans, Queens, on Monday night for a vigil for 15-year-old Jaden Pierre, who was shot to death last week.
School district leaders in Scarsdale, New York, are investigating what the superintendent called "unacceptable antisemitic conduct."
The investigation into the shooting death of Bronx grandfather Edgar Spence is intensifying, with community advocates now offering a $5,000 reward in the case.
Erik Duran, a former New York City police sergeant who was convicted of manslaughter after throwing a cooler at a drug suspect, was released from prison on bail Monday.
Colder weather returns to the New York City area this week with sub-freezing temperatures in the suburbs.
New York City's balmy weather proved to be record-breaking for the date of April 15.
Parts of the New York area could see record high temperatures during a summerlike stretch of weather this week.
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
New York City and the Tri-State Area are finally turning the corner to warmer weather this week.
Federal law entitles students with disabilities to special education services until they turn 21. What happens next is what many caregivers call "the transition cliff."
Much of New York, New Jersey and Connecticut are under a freeze warning Monday night, and that means crops and plants are in danger of dying.
A stolen Lamborghini worth around $300,000 was recovered in New Jersey after its owner said police tracked an Apple AirTag he hid inside.
Officials are continuing to investigate a deadly fire in Union City, New Jersey.
No arrests have been made in connection to a shooting in Paterson, New Jersey, that left one man dead and three others injured.
Decades after their theft, rare books worth millions were recovered in New York City after being stolen from venture capitalist John Hay Whitney's Long Island home.
John Gotti's grandson Carmine Agnello is headed to prison in connection with a COVID fraud scheme in New York.
A young Long Island man who overcame autism to graduate high school as valedictorian is now poised to graduate from Hofstra with top honors.
New York families rely on state records to make sure car purchases are legit, but what happens when those records are wrong?
A Marine Corps veteran is walking more than 100 miles from eastern Long Island to Staten Island to support a little girl battling cancer.
Menin's relationship with Mayor Zohran Mamdani is still a work in progress, but the two agree on Gov. Kathy Hochul's proposed pied-à-terre tax.
Former President Barack Obama met privately with New York Mayor Zohran Mamdani before joining together to read to preschoolers at a child care center in the Bronx.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
President Trump spoke with CBS News Friday in a new telephone interview.
The wife of New York City Mayor Zohran Mamdani has apologized for what she says were "harmful" social media posts she made as a teenager.
The 16th Annual Lustgarten Foundation New York City Walk for Pancreatic Cancer Research was held Sunday in Battery Park City.
Advocates fear New York state could be taking a step back when it comes to biomarker testing access for those with Medicaid.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Singer-songwriter Gavin DeGraw turned to social media for help reconnecting with a New York City bartender after a memorable performance this week.
New York City Mayor Zohran Mamdani and his wife Rama Duwaji will not attend this year's Met Gala, sources said.
The Rock And Roll Hall of Fame unveiled its list of inductees for 2026, and it includes the Wu-Tang Clan, the legendary, local hip-hop collective.
Jury selection for Harvey Weinstein's rape retrial in a Manhattan courtroom began Tuesday. He is being accused of raping actress Jessica Mann in 2013.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
CJ McCollum scored 32 points and the Hawks rallied to stun the Knicks 107-106 on Monday night, tying their first-round playoff series at one game apiece.
The first step toward a possible reunion between Odell Beckham Jr. and the New York Giants is complete.
The Yankees beat the reeling Royals 7-0 to complete a three-game sweep on Sunday following a long rain delay.
Chicago had at least one baserunner in each of the first seven innings.
The Cincinnati Bengals acquired Dexter Lawrence from the New York Giants for the 10th overall pick in next week's NFL draft, sources say.
Recurring elevator problems are back and worse than ever at one New York City high-rise, according to tenants.
Students at M.S. 407 transform a barren space into a habitat for bees and butterflies, part of a broader city push to expand pollinator-friendly green spaces.
Brooklyn officials announced a first-of-its-kind initiative to build sensory rooms in every District 75 elementary school.
New York City Mayor Zohran Mamdani's administration unveiled a dramatic traffic redesign at Brooklyn's Grand Army Plaza.
New York City business owners are pushing on the State Legislature to pass Gov. Kathy Hochul's reforms that would roll back some of the climate legislation passed by New York state in 2019.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
However, CBS News New York's Lonnie Quinn says don't expect to see temperatures back up in the 80s any time soon.
That included one Amtrak train heading to New York from Miami. As CBS News New York's Allen Devlin reports, one man spent more than 24 hours stranded on board.
CBS News New York's Adi Guajardo attended a packed meeting on Monday night and she learned the cuts will likely impact students that need specialized instruction.
A vigil was held on Monday night in St. Albans to honor the life of Jaden Pierre. CBS News New York's Naveen Dhaliwal reports.
David Anthony Burke was charged in Los Angeles in the death of Celeste Rivas Hernandez, who was 13 when she was reported missing in 2024.
