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.
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In an interview with "60 Minutes" in 2011, Madoff insisted he had no idea what his father was up to.
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.
Yeshiva University is reportedly $1 billion in the red, with $500 million in debts and another $500 million in losses with risky investments.
An investment fund manager has admitted in a Long Island courtroom to stealing nearly $100 million of investors' money in a Ponzi scheme that helped fund his interest in a Hamptons resort.
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.
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.
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.
prosecutor John Zach told jurors Tuesday that Madoff depended on his former secretary, his former head of operations, an account manager and two computer programmers to keep his fraud alive for four decades.
Convicted swindler Bernie Madoff's secretary took the stand nearly five years after her former boss went to prison.
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.
Daniel Bonventre has pleaded not guilty to fraud charges. Authorities say he cooked the books to throw off regulators.
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.
A Naval Academy graduate ripped off his friends, family and former classmates by running a $1.2 million Ponzi scheme, prosecutors said Tuesday.
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.
Bernard Madoff placed no premium on further education for the employees he hired right out of high school -- the less they knew, the better -- the Ponzi schemer's longtime lieutenant testified Monday.
The cross-examination of the government's star witness in the trial of five of Bernard Madoff's former empoyees has given the jury new insight into the way disgrace financier ran his massive Ponzi scheme.
New York financier Bernard Madoff's former right-hand man summed up his boss' arrest exactly five years ago with two words: "Madoff Implodes.''
The former right-hand man of disgraced financier Bernard Madoff told a New York City jury Tuesday that a crying Madoff revealed to him that his financial empire was a gigantic fraud just before the rest of the world learned the truth nearly five years ago.
A Long Island soccer club official has been accused of running a $5-million Ponzi scheme.
Frank DiPascali testified that his boss would "razzle dazzle" auditors by using computer programs specially designed to make it appear that fake investments were real.
Frank DiPascali described the tangled web of deceit woven by Madoff as he juggled investors' money and tried to keep investigators away.
Bernard Madoff's former right-hand man is about to take center stage at the trial of five former co-workers. Prosecutors plan to call Frank DiPascali to the witness stand this week in federal court in Manhattan.
Enrica Cotellessa-Pitz, who worked for Madoff for three decades, is testifying against five former colleagues in exchange for leniency.
The trial against five of Bernard Madoff's former employees continued Wednesday with testimony from consultants who investigated the firm following Madoff's arrest.
FBI Agent Theodore Cacioppi said he interviewed Bernard Madoff for about an hour before arresting him. The office was then placed under surveillance so evidence could be removed.
The NYPD says it will be stepping up patrols at sensitive locations throughout New York City after the United States and Israel launched strikes against the Islamic regime in Iran early Saturday morning.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
President Trump says his objective in attacking Iran "is to defend the American people by eliminating imminent threats" from the regime in Tehran. Read his full statement and watch the video here.
The U.S. and Israel are attacking Iran, which is responding with attacks on U.S. bases in the region, as President Trump confirms "major combat operations."
The New York Knicks routed the Milwaukee Bucks 127-98 on Friday night.
The NYPD says it will be stepping up patrols at sensitive locations throughout New York City after the United States and Israel launched strikes against the Islamic regime in Iran early Saturday morning.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Pokémon fans across New York City waited in live for special events marking the franchise's 30th anniversary.
Federal prosecutors said they won't appeal a judge's ruling that bars them from seeking the death penalty against Luigi Mangione in the killing of UnitedHealthcare CEO Brian Thompson.
An oversight hearing into New York City's response to both of this year's major snowstorms took place at City Hall on Friday.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Another round of snow is impacting the Tri-State Area Wednesday, just after a major blizzard dumped more than 2 feet of snow in some parts of New York and New Jersey.
Pet owners should be extra cautious with their pets during and after the major winter snowstorm impacting the New York and New Jersey area.
Double-digit snow totals have been reported across New York, New Jersey and Connecticut as a major blizzard begins to wind down.
The storm has started to wrap up in New York City, New Jersey and beyond, with impressive snow totals left in its wake.
The Tri-State Area's weekend is looking like a tale of two seasons with both snow and sunshine.
Neighbors of a home displaying hateful symbols in Woodland Park, New Jersey, say they have complained to police, but authorities said while it's disgraceful, it's still protected speech.
John Shippen was a child of former slaves who found his way onto a golf course and made history there.
The Jersey City community is in shock after learning the emergency room at Heights University Hospital, formerly known as Christ Hospital, is closing in two weeks.
PATH trains at Hoboken Terminal are moving again with delays after a track fire suspended service for nearly 12 hours Friday.
A driver who allegedly struck and critically injured a Nassau County Police crossing guard on Long Island appeared in court Friday.
Four people were injured in a crash on the Long Island Expressway Friday morning.
A Long Island man accused of burning down four homes in the Pocono Mountains was arrested in New York City with a truck full of nitrous oxide.
Nassau County DA Anne Donnelly said Wen-Lone Chou stockpiled parts and tested the guns he built in a makeshift shooting range in his Mineola basement.
A Long Island crossing guard is in critical condition after being hit while shoveling snow in Merrick, sources said.
The NYPD says it will be stepping up patrols at sensitive locations throughout New York City after the United States and Israel launched strikes against the Islamic regime in Iran early Saturday morning.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
President Trump says his objective in attacking Iran "is to defend the American people by eliminating imminent threats" from the regime in Tehran. Read his full statement and watch the video here.
The U.S. and Israel are attacking Iran, which is responding with attacks on U.S. bases in the region, as President Trump confirms "major combat operations."
New York City Mayor Zohran Mamdani said his proposal to build a rail platform over Amtrak's Sunnyside, Queens rail yard would add more housing than Battery Park City and Hudson Yards put together.
For the first time in 30 years, the Food and Drug Administration has approved a new treatment for an inoperable type of pancreatic cancer.
NYSNA has reached a tentative contract agreement with NewYork-Presbyterian, signaling a potential end to the longest nurses strike in New York City history.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Pokémon fans across New York City waited in live for special events marking the franchise's 30th anniversary.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
Harvey Weinstein has hired Luigi Mangione's and Sean "Diddy" Combs' lawyers to represent him at his third New York rape trial.
Harlem's Lafayette Theatre is believed to be the first major New York City theater to desegregate, just a year after its opening.
The New York Knicks routed the Milwaukee Bucks 127-98 on Friday night.
Jaylen Brown had 28 points, nine assists and seven rebounds and the Boston Celtics rolled past the Brooklyn Nets 148-111 on Friday night.
Connor Clifton and Egor Chinakhov scored 50 seconds apart in the third period and the Pittsburgh Penguins surged past Jack Hughes and the reeling New Jersey Devils 4-1.
The Philadelphia Flyers rallied to beat the New York Rangers 3-2 on Thursday night.
The New York Islanders rallied to beat the Montreal Canadiens 4-3 on Thursday night.
The National Dance Institute in Harlem hosts a special camp twice a year to bring together dancers with and without special needs for a dance camp, proving anyone can take center stage.
Could New York City's harsh winter weather end up curbing the number of rats? Here's why experts are saying don't count on it.
A Jewish congregation in Brooklyn is fighting to save their historic house of worship.
Harlem's Lafayette Theatre is believed to be the first major New York City theater to desegregate, just a year after its opening.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Police say a woman, 54, was stabbed multiple times in the back on Eldridge and Grand Streets Friday night.
CBS News intelligence and national security reporter Olivia Gazis and retired U.S. Navy Adm. Robert Murrett offered their analysis of the U.S. and Israel's attacks on Iran.
There's a partial PATH train service outage between Harrison and Journal Square for federally mandated software test of a new track switching system.
Dr. Alizadeh is the coordinator the Persian program at NYU. She spoke with CBS News New York's Doug Williams and Aziza Shuler about the events unfolding in Iran. She explains how the country is under an internet blackout, and more.
CBS News New York's John Elliott has a look at the First Alert Weather forecast.
