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 Democratic primary in the 10th Congressional District is an intense fight where former New York City Comptroller Brad Lander is trying to unseat Rep. Dan Goldman.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
Tony Mizell says Meta and the New York City Administration for Children's Services bear responsibility for his daughter's death in a $50 million lawsuit.
A 1-year-old boy was killed and a pair of 6-year-olds are in critical condition after being injured in an apartment fire in the Bronx on Monday afternoon.
Three New Yorkers are among the 18 people being quarantined in Nebraska and Atlanta due to hantavirus concerns.
The Democratic primary in the 10th Congressional District is an intense fight where former New York City Comptroller Brad Lander is trying to unseat Rep. Dan Goldman.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
Tony Mizell says Meta and the New York City Administration for Children's Services bear responsibility for his daughter's death in a $50 million lawsuit.
A 1-year-old boy was killed and a pair of 6-year-olds are in critical condition after being injured in an apartment fire in the Bronx on Monday afternoon.
Three New Yorkers are among the 18 people being quarantined in Nebraska and Atlanta due to hantavirus concerns.
An unsettled pattern continues through the entire Mother's Day weekend in the New York City area.
After summer-like warmth, rainy weather and cooler temperatures return to the New York City area mid-week.
A cool weekend is ahead for the New York City area before warmer weather returns.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Amtrak announced Thursday it is suing Metro-North for allegedly blocking nonrevenue trains on a portion of the busy Northeast Corridor for over two months.
Police are investigating after six people were shot at Rosa Parks Boulevard and Godwin Avenue in Paterson, New Jersey.
A man was arrested after a police standoff forced Bridgewater, New Jersey, residents to shelter in place for over 24 hours, officials say.
A woman has been charged with theft for taking a dog outside a Clifton, New Jersey, home in April, police say.
An unsettled pattern continues through the entire Mother's Day weekend in the New York City area.
The owners of Boulevard Drinks in Jersey City's Journal Square said new building owners gave them until May 27 to get out.
Southampton Police shot and killed a 28-year-old man who was stabbing and slashing his mom with a knife on Mother's Day, police said.
Steven Schwally was allegedly drunk when his car slammed into a Deer Park nail salon in 2024. The crash killed four people, including an off-duty NYPD officer.
The threat of a Long Island Rail Road strike is hanging over nearly 300,000 daily riders and could start as soon as Saturday.
The fatal fire erupted just before 1:30 a.m. Sunday at a boarded-up house on Sycamore Avenue in Hempstead, Nassau County fire officials said.
Unions representing thousands of LIRR workers rallied Saturday amid a dispute with the MTA that could trigger their first strike in decades.
The Democratic primary in the 10th Congressional District is an intense fight where former New York City Comptroller Brad Lander is trying to unseat Rep. Dan Goldman.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
The Rent Guidelines Board might be on the verge of fulfilling Mayor Zohran Mamdani's signature campaign promise after it voted to support hikes ranging from 0-4%.
A new proposal on Long Island could change how quickly a business has to hand over surveillance video to police during an investigation.
Three New Yorkers are among the 18 people being quarantined in Nebraska and Atlanta due to hantavirus concerns.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
Two New Jersey residents were potentially exposed to a person infected with hantavirus, according to health officials.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
Firefighters responded to Broadway's Eugene O'Neill Theater Monday morning after a blaze broke out.
Queens officials say Jackson Heights is considered one of the most diverse neighborhoods in the city.
The New York Knicks are headed back to the Eastern Conference finals -- and their fans are loving every minute of it.
Hannes Wolf scored three goals for his first hat trick and Nicolás Fernández assisted on all the scores to help lead NYCFC to a 3-0 victory over the Columbus Crew on Sunday.
Eduardo Rodriguez came within two outs of his first complete game, Ryan Waldschmidt had his first three big league RBIs and the Diamondbacks beat the Mets 5-1 on Sunday.
The Knicks will play the winner of the Pistons-Cavaliers series in the Eastern Conference finals after sweeping the Sixers.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
The Davis Center at the Harlem Meer is celebrating one year of providing year-round recreation space to New Yorkers while still spreading the word to residents.
Residents displaced by a deadly apartment building fire in Inwood say it was only a matter of time before their building went up in flames.
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.
76-year-old Ross Falzone suffered fatal injuries when he was shoved down the steps at the 18th Street station.
Scott Padgett has the Tri-State Area's updated Monday evening First Alert Forecast on CBS News New York.
Three men were found dead in the Bronx fire, which was deemed suspicious.
Rodolfo Lopez-Portillo attacked the owner of Global Pawn Shop in Hollis after selling two watches, investigators said.
CBS News New York's Marcia Kramer says the outcome of the Democratic primary in late June may come down to who's got more clout -- the governor or the mayor.
