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.
Disgraced former Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into his suspicious trades on the prediction marketplace Kalshi.
Kyle Stowers homered for the second straight night Friday, powering the Marlins to a 5-2 win over the Mets.
Toronto FC earned a 1-1 draw with New York City FC at Yankee Stadium on Friday night, but saw its winless streak reach 11 matches.
New York City's Summer Streets celebration returns to Manhattan on Saturday for the 2026 season.
There's been a report of a bigfoot sighting near the Pachaug State Forest in Connecticut.
Disgraced former Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into his suspicious trades on the prediction marketplace Kalshi.
New York City's Summer Streets celebration returns to Manhattan on Saturday for the 2026 season.
For some Long Island families, the cost of supplies, clothes and other back-to-school essentials is becoming a growing challenge.
Doctors in Suffolk County have reported three cases of a rare tick-borne disease known as rabbit fever so far this summer. A 9-year-old boy shared his experiences with the illness.
There are new questions about who's looking out for New York City's children after a Bronx mother and grandmother were charged in the death of a teenager with autism.
There's been a report of a bigfoot sighting near the Pachaug State Forest in Connecticut.
Heavy rain is complicating efforts to recover a teenage boy from the West River in New Haven. Strong currents and an increased flow have made the job even more difficult.
It's another rainy day in the Tri-State Area with a flood watch for parts of New York and Connecticut.
There was a tornado warning in Sussex and Warren Counties in New Jersey as more severe weather passed through our area.
Weather conditions go downhill Tuesday and Wednesday with rain and potentially strong storms on deck for the New York area.
The body of a missing girl was found in the Passaic River in New Jersey after a two-day search, officials said.
A New Jersey police department is getting creative when it comes to cracking down on distracted drivers.
Three children were swept into the Passaic River Wednesday night. A little boy was later found dead, and a young girl is still missing.
Three kids entered the Passaic River Wednesday night. A little boy was later found dead, and investigators are still searching for one of the girls.
A CBS News Philadelphia investigation found Trenton police use-of-force incidents have increased in 2026 despite the department earning state accreditation.
Some homeowners on Long Island say teenage pranks have escalated into vandalism. A game of ding-dong ditch is keeping residents up at night and, in at least one case, has done damage. CBS News New York's Carolyn Gusoff reports.
For some Long Island families, the cost of supplies, clothes and other back-to-school essentials is becoming a growing challenge.
Doctors in Suffolk County have reported three cases of a rare tick-borne disease known as rabbit fever so far this summer. A 9-year-old boy shared his experiences with the illness.
For some Long Island families, the cost of supplies, clothes and other back-to-school essentials is becoming a growing challenge. CBS News New York's John Dias reports.
Doctors in Suffolk County have reported three cases of a rare tick-borne disease known as rabbit fever so far this summer. CBS News New York's Jennifer McLogan reports.
A Brooklyn grandmother went to the dentist hoping to fix her smile. Instead, her daughter says she lost her teeth, her health, and her independence.
President Trump said Todd Blanche will remain acting attorney general as a holdup on his nomination continues.
Republican New York gubernatorial candidate Bruce Blakeman is deploying a campaign strategy that echoes the national GOP playbook — attack Mayor Zohran Mamdani.
Dr. Anthony Fauci appeared before the Senate to testify on the origins of the COVID-19 pandemic but invoked his Fifth Amendment rights in answering all questions.
Letters have been sent to thousands of New York City homeowners, stating they may have to pay the new controversial pied-à-terre tax. But some residents say they shouldn't be on that list.
The source of exposure for the Legionnaires cluster on Manhattan's Upper East Side has been eliminated, according to the New York City Health Department.
A seventh person has died from Legionnaires' disease in connection with the Upper East Side cluster, New York City's health commissioner said Thursday.
Thirty-four cooling towers at 33 buildings on the Upper East Side tested positive for live Legionella bacteria, the New York City Health Department announced Tuesday.
An attorney representing an Upper East Side woman whose husband just died from Legionnaires' disease is planning to take legal action.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
A new Broadway show based on Prince's movie and album "Purple Rain" will take the stage at Broadway's Majestic Theatre in March.
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
Madonna, Justin Bieber, BTS and Shakira each brought a bit of one of their hits to the World Cup's first halftime show in a whirlwind performance Sunday that also squeezed in Burna Boy, Ted Lasso and many Muppets.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
Kyle Stowers homered for the second straight night Friday, powering the Marlins to a 5-2 win over the Mets.
Toronto FC earned a 1-1 draw with New York City FC at Yankee Stadium on Friday night, but saw its winless streak reach 11 matches.
Will Warren pitched four-hit ball into the seventh inning, Amed Rosario and rookie Spencer Jones each homered and the New York Yankees beat the Chicago Cubs 2-0.
Luis Robert Jr. had a two-run single to cap an eighth-inning rally in the Mets' 4-2 victory over the Marlins on Thursday night.
Tristan Peters drew a bases-loaded walk in the 11th inning to force in automatic runner Chase Meidroth and the Chicago White Sox edged the Yankees 2-1.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
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 Scott Padgett has your First Alert Forecast for July 31 at 11 p.m.
The Intrepid Museum continued its summer movie series Friday night with a showing of "National Treasure."
Disgraced former New York Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into suspicious trades.
Saturday marks six months since the disappearance of Nancy Guthrie. Friday, a pair of emails were released, believed to be sent by the kidnappers after she was taken. CBS News New York's Dick Brennan reports.
A Bronx community wrapped their arms around a grieving family Friday night at a vigil for 12-year-old Jacob Freytes, who was killed in a stray bullet shooting last weekend. CBS News New York's Jennifer Bisram reports.
