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.
Wyndham Clark began the final round up six shots, but ended up winning by just one, securing his second U.S. Open title in four years.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Police are searching for the gunman in an overnight shooting that left four people injured at a park in Harlem.
The Cincinnati Reds beat the New York Yankees 4-1 on Sunday.
Traffic will be impacted in Midtown Manhattan as the city initiates shuttle bus corridors and street closures to accommodate World Cup ticketholders.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Police are searching for the gunman in an overnight shooting that left four people injured at a park in Harlem.
Traffic will be impacted in Midtown Manhattan as the city initiates shuttle bus corridors and street closures to accommodate World Cup ticketholders.
Rep. Dan Goldman is facing Brad Lander, the former NYC comptroller, in an intense Democratic primary for New York's 10th Congressional District.
A concertgoer fell to his death during rock band Goose's performance Saturday at Madison Square Garden, the New York Police Department said.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Weather is tranquil and pleasant in the New York City area for Father's Day weekend as summer officially begins.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Thursday and Friday will be First Alert Weather Days in the New York City area, with high temperatures and the chance for strong storms.
The Stamford Fire Department said high winds ripped the 3,000-square-foot flag off the pole atop the WWE building and sent it flying into electrical wires.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Traffic will be impacted in Midtown Manhattan as the city initiates shuttle bus corridors and street closures to accommodate World Cup ticketholders.
A small plane crashed into a lake in West Milford, New Jersey, on Saturday.
The community of Paterson, New Jersey, gathered Friday to root on one of their own in the World Cup.
A West Milford, New Jersey, homeowner says her poodle, named Squilliam, helped her escape a house fire early Friday morning.
Firefighters in Hempstead used a ladder truck to free a seagull that got tangled in a rope above a busy street.
Adventureland reopened Saturday, but its new Wave Twister ride remained closed one day after 15 kids and one adult were stranded on the ride for hours.
Fifteen children and one adult were rescued Friday evening after they got stuck on a ride at Long Island's Adventureland amusement park.
Firefighters responded to Adventureland amusement park on Long Island after a ride got stuck Friday night. Dan Rice reports from Chopper 2.
Surveillance video shows a father and a smoke shop owner stop a would-be carjacker from driving away with two children on Long Island.
Rep. Dan Goldman is facing Brad Lander, the former NYC comptroller, in an intense Democratic primary for New York's 10th Congressional District.
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Sen. Bernie Sanders and NYC Mayor Zohran Mamdani joined forces Thursday in a last-minute attempt to help three left-of-center congressional candidates win their primaries.
After a tourist from India suffered fatal injuries when horse carriages collided in Central Park, the NYC Council said it will consider banning the attractions entirely.
Republican Rep. Tom Kean Jr. of New Jersey will return to Congress on June 30, his spokesperson said, after being away since March in an unexplained absence that has confounded Capitol Hill.
An off-duty EMT jumped into action at the Knicks parade Thursday when a man appeared to be suffering from an overdose.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
When a large tent appeared next door to Taylor Swift's Watch Hill estate this week, it didn't take long for speculation about the superstar's impending nuptials to ripple through the affluent New England seaside village.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
A New York Knicks documentary series is in the works from director and Knicks superfan Ben Stiller.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
Wyndham Clark began the final round up six shots, but ended up winning by just one, securing his second U.S. Open title in four years.
The Cincinnati Reds beat the New York Yankees 4-1 on Sunday.
Serena Williams recently returned to competition in doubles after nearly four years away from professional tennis.
Kyle Schwarber homered three times and Bryce Harper hit for the cycle as the Phillies routed the Mets 15-3 in Philadelphia.
Sal Stewart tied a career high with six RBIs and the Reds pulled away for a 10-2 rout of the Yankees on Saturday.
Experts say the team's title run created a feeling of collective joy and connection, while some local businesses are also seeing a boost from the celebration.
Knicks fans who couldn't make it to Thursday's parade still found a way to celebrate across New York in true blue-and-orange fashion.
A vending machine in Coney Island is offering something unusual alongside the neighborhood's classic attractions: original artwork from local artists.
A years-long battle is intensifying over the future of an old rail line in Queens that was abandoned after a fire over 50 years ago.
Harlem's historic Cotton Club recently announced it was up for sale. The news comes as jazz clubs across the borough disappear.
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.
CBS News New York's Vanessa Murdock has your weather forecast for June 21 at 6:30 p.m.
Police say a concertgoer fell to his death Saturday night at Madison Square Garden. As new details emerge about the man from Connecticut, questions remain about how this happened. CBS News New York's Elle McLogan reports.
The wedding rumors surrounding Taylor Swift and Travis Kelce have a Rhode Island beach town on high alert.
Hundreds of people gathered in Times Square on Sunday to celebrate the summer solstice with yoga.
A crash sent a car flying into a bank in Brooklyn on Sunday morning.
