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.
Trump tells his critics to "sit back and relax" after another exchange of airstrikes tests the shaky U.S.-Iran ceasefire.
The fire on 40th Street in Sunnyside left one man dead and another fighting for his life, the New York City Fire Department said.
Senate Democrats are launching a coordinated effort to kill the Trump administration's $1.7+ billion "anti-weaponization fund."
Nearly a week after clinching their first NBA Finals berth since 1999, the Knicks were at last able to practice Sunday while knowing who they were practicing for,
A referee at a Franklin Township flag football game choked a coach after a call on the field escalated Sunday, police said.
The fire on 40th Street in Sunnyside left one man dead and another fighting for his life, the New York City Fire Department said.
Nearly a week after clinching their first NBA Finals berth since 1999, the Knicks were at last able to practice Sunday while knowing who they were practicing for,
Zohran Mamdani on Sunday became the first New York City mayor in recent memory not to attend the Israel Day Parade.
Rep. Nydia Velázquez's decision to retire from Congress has sparked one of the top Democratic primaries in the five boroughs, pitting progressives against democratic socialists.
New York City is preparing for an expected record turnout at the 2026 Israel Day Parade on Sunday.
It's unseasonably warm in New York City on Wednesday as humidity adds to the summer-like weather. There's also a slight chance for showers in parts of the Tri-State Area.
It's back to feeling like spring, and even summer on some days, as warm weather and sunshine return to the New York area.
A final round of showers is moving through the New York area in the morning before the rest of the week turns much drier and warmer.
The New York area is off to a soggy start to the unofficial kickoff of summer with rainy weather this Memorial Day Weekend.
It's a gloomy day with rain lingering across the Tri-State Area as Memorial Day weekend shapes up to be unsettled.
A referee at a Franklin Township flag football game choked a coach after a call on the field escalated Sunday, police said.
Protesters and New Jersey State Police clashed again Sunday night near Delaney Hall, despite a 9 p.m. curfew imposed by Newark Mayor Ras Baraka.
Late Saturday, Newark Mayor Ras J. Baraka announced he would be enacting a curfew outside Delaney Hall moving forward.
A former Flemington, N.J. councilman is serving time in prison after having been convicted for distributing cocaine.
Clashes between New Jersey State Police and protesters erupted outside the Delaney Hall immigration detention facility Friday night.
Not many people know Hollywood icon Marilyn Monroe's splash to stardom began at a Long Island beach.
A sixth grader from Long Island's Sag Harbor died in a rafting accident on a school trip, officials said.
Loved ones of a 7-year-old girl allegedly murdered by her caretaker say they're haunted by how they learned of the little girl's death.
On Long Island, one woman has started a movement showing people just how important it is to smile every day.
A predatory invasive fish that can survive out of water and even cross the street has been found in a Long Island pond.
Senate Democrats are launching a coordinated effort to kill the Trump administration's $1.7+ billion "anti-weaponization fund."
Zohran Mamdani on Sunday became the first New York City mayor in recent memory not to attend the Israel Day Parade.
Rep. Nydia Velázquez's decision to retire from Congress has sparked one of the top Democratic primaries in the five boroughs, pitting progressives against democratic socialists.
Protesters and New Jersey State Police clashed again Sunday night near Delaney Hall, despite a 9 p.m. curfew imposed by Newark Mayor Ras Baraka.
Late Saturday, Newark Mayor Ras J. Baraka announced he would be enacting a curfew outside Delaney Hall moving forward.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
There's no vaccine for the Bourbon virus, nor medicine to treat it, according to the U.S. Centers for Disease Control and Prevention.
Marie Francillion was diagnosed with lung cancer after she was feeling heartburn and shoulder pain. She said she's able to remain hopeful and spend more time with her family because of a different type of treatment.
New York City's Department of Health is evaluating an East Village apartment complex after two residents were diagnosed with Legionnaires' disease over the course of a year.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
Not many people know Hollywood icon Marilyn Monroe's splash to stardom began at a Long Island beach.
Federal prosecutors have indicted ex-Miami Heat guard Terry Rozier on additional charges related to a sports gambling sting.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Stephen Colbert made a surprise appearance hosting the "Only in Monroe" community access show broadcast in Monroe, Michigan, on Friday, one night after he recorded his final episode of "The Late Show."
Nearly a week after clinching their first NBA Finals berth since 1999, the Knicks were at last able to practice Sunday while knowing who they were practicing for,
A referee at a Franklin Township flag football game choked a coach after a call on the field escalated Sunday, police said.
Juan Soto hit a grand slam, Carson Benge launched his first leadoff homer and the Mets routed the Marlins 10-1 on Sunday to finish a three-game sweep.
Ben Rice had two extra-base hits and four RBIs in a 13-run third inning that was the biggest for the New York Yankees in 21 years, carrying them to a 13-8 victory over the Athletics.
Victor Wembanyama and the Spurs are headed to the NBA Finals to face the New York Knicks.
Before there was a Brooklyn, there was a flagpole, and since the earliest days of our country, it stood as a symbol of freedom and self-determination.
Monitor Point proposal in Greenpoint would bring 1,150 apartments, including 460 affordable units, to former industrial waterfront site.
Gold Star families, veterans and thousands of spectators gathered in Bay Ridge to remember those who made the ultimate sacrifice.
The grassroots group pushed for bilingual policing, victim support and anti-gang efforts as Brooklyn's Chinatown rapidly grew.
Advocates estimate one-third of the 200-acre park in Flushing is still without functioning drinking fountains and bathrooms.
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.
New Jersey State Police maintained the perimeter around Delaney Hall until the overnight curfew was lifted for the day. CBS News New York's Christina Fan reports.
The fire on 40th Street in Sunnyside left one man dead and another fighting for his life, the New York City Fire Department said. CBS News New York's Elijah Westbrook reports.
A 37-year-old man was hospitalized after getting shot in the leg in the Williamsbridge section. CBS News New York's Elijah Westbrook reports.
Tony Sadiku has the Tri-State Area's updated Monday morning First Alert Forecast on CBS News New York.
CBS News New York's Vanessa Murdock is calling for mostly sunny skies and a high in the 70s on Monday.
