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.
Watch CBS News
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.
Thirty-one people who were hospitalized with Legionnaires' disease on the Upper East Side have been discharged, New York City health officials said Saturday.
The surging Red Sox extended their winning streak to eight games with a 4-0 victory over the Mets on Saturday.
Trent Grisham's two-run homer in of the eighth inning gave the Yankees another comeback victory over the Nationals' bullpen, 4-2 on Saturday.
A grandmother and her 8-year-old granddaughter were killed in a house fire in Orange, New Jersey, on Saturday morning.
FIFA is selling the grass that will be used for the July 19 final at MetLife Stadium in New Jersey at $450 per piece.
Thirty-one people who were hospitalized with Legionnaires' disease on the Upper East Side have been discharged, New York City health officials said Saturday.
Manhattanhenge, a phenomenon when the sunset aligns with the Manhattan street grid, is happening Saturday and Sunday night.
Two men and a woman were shot at a basketball court late Friday night in Harlem, according to New York City police.
Jay-Z and some very special guests took over Yankee Stadium Friday night, performing to a sold-out crowd.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
Some storms returned to the New York City and New Jersey area on Friday.
Thursday's flood warnings have been canceled for New York City and New Jersey, but storms are expected to return Friday.
Severe thunderstorms swept through New York and New Jersey on Saturday night, causing damage amid Fourth of July festivities.
The brutal heat wave caused power problems across New York City on Friday.
New York City Thursday tied the record high temperature of 100 degrees set on this date in 1966.
A grandmother and her 8-year-old granddaughter were killed in a house fire in Orange, New Jersey, on Saturday morning.
FIFA is selling the grass that will be used for the July 19 final at MetLife Stadium in New Jersey at $450 per piece.
Three New Jersey beaches were shut down after state environmental officials discovered high levels of fecal bacteria in the water.
Nadine Menendez is starting her 54-month sentence for her role in a federal bribery scheme with her husband.
Some storms returned to the New York City and New Jersey area on Friday.
Some storms returned to the New York City and New Jersey area on Friday.
The Smithtown Library on Long Island opened all of its doors Thursday, nearly two years after a wave of water flowed through the building during catastrophic flooding. CBS News New York's Jennifer McLogan reports.
Some people who watched the FourLeaf Air Show at Jones Beach over the weekend are claiming the colorful smoke from the performing planes damaged their boats.
Thursday's flood warnings have been canceled for New York City and New Jersey, but storms are expected to return Friday.
Three arrests have been made in a large-scale mail-theft scheme that struck over and over again right outside of Long Island post offices.
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Graham Platner had until 5 p.m. on Monday to formally suspend his campaign or he would remain on the ballot in November.
Nadine Menendez is starting her 54-month sentence for her role in a federal bribery scheme with her husband.
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
New York City has tested about 150 cooling towers for Legionella bacteria and detected it in at least one on Manhattan's Upper East side.
Thirty-one people who were hospitalized with Legionnaires' disease on the Upper East Side have been discharged, New York City health officials said Saturday.
Healthcare leaders in New York are warning of a potential caregiver crisis if TPS is permanently revoked from immigrant healthcare workers.
New York state health officials said Friday there are now approximately 470 cases statewide of the intestinal disease cyclosporiasis since May 1.
New York City's Health Department says it identified 31 buildings where Legionella bacteria has been detected on the Upper East Side.
New York City has tested about 150 cooling towers for Legionella bacteria and detected it in at least one on Manhattan's Upper East side.
Jay-Z and some very special guests took over Yankee Stadium Friday night, performing to a sold-out crowd.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
Taylor Swift and Travis Kelce were married in a place that generates plenty of garbage, and one man figured out there is a market for it if you package it just right.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
"Dolly: A True Original Musical" will take viewers on a journey of the singer's life at the St. James Theatre on West 44th Street.
The surging Red Sox extended their winning streak to eight games with a 4-0 victory over the Mets on Saturday.
Trent Grisham's two-run homer in of the eighth inning gave the Yankees another comeback victory over the Nationals' bullpen, 4-2 on Saturday.
FIFA is selling the grass that will be used for the July 19 final at MetLife Stadium in New Jersey at $450 per piece.
Jazz Chisholm Jr. hit a two-run homer in the ninth inning to lift the Yankees over the Nationals 5-3 on Friday night.
Sonny Gray shook off travel woes that led to the Red Sox making a late arrival to New York, pitching six strong innings as Boston beat the Mets 6-2 on Friday.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
Eddie Palmieri, the East Harlem legend who revolutionized Latin music, now has a street renamed in his honor.
Services for the UnderServed's urban gardens and beehives provide therapeutic opportunities for New Yorkers with intellectual and developmental disabilities and behavioral health challenges
Religious institutions across the country are exploring how their properties can help address the affordable housing crisis, with a Brooklyn development offering a model for blending community needs with faith-based missions.
The Classical Theatre of Harlem's artistic director says Shakespeare's famous tragedy is more relevant today, though audiences can always expect a twist.
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.
A community in New Jersey is mourning the loss of a beloved grandmother and her 8-year-old granddaughter. Authorities say they were killed in a tragic house fire Saturday morning in Orange. CBS News New York's Andrew Ramos reports.
CBS News New York's Vanessa Murdock has your weather forecast for July 11 at 11 p.m.
U.S. home prices have hit an all-time high. Ali Bauman reports.
If you missed Manhattanhenge in May, your last chance to see it this year is this weekend.
Over two dozen people sickened by Legionnaires' disease on the Upper East Side are now out of the hospital, New York City health officials say.
