Former Net George Indicted In 'Ponzi Scheme'
Former Net Tate George was indicted on Friday on four counts of wire fraud and charges that he ran a $2 million dollar 'Ponzi Scheme.'
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Former Net Tate George was indicted on Friday on four counts of wire fraud and charges that he ran a $2 million dollar 'Ponzi Scheme.'
The New York Mets have repaid loans of $25 million to Major League Baseball and $40 million to Bank of America, and have closed on the sales of 12 limited partner shares for $20 million each, a person familiar with the team's finances says.
The Bernie Madoff saga has come to a conclusion -- at least for Mets fans. This story was a long and boring chore to cover, and I am just glad that we can now talk about what I love: baseball.
The New York Mets owners are stepping to the plate to try to convince a jury that they didn't know financier Bernard Madoff was operating a Ponzi scheme.
Judge Jed Rakoff, as promised, today filed a four-page order summarizing his holdings on motions by both Irving Picard (the Trustee) and the Katz/Wilpon defendants in the once-upon-a-time $1 billion dollar lawsuit in federal court in lower Manhattan.
The New York Mets are trying to distance themselves from the Bernie Madoff as their March trial approaches.
New Jersey attorney general Paula Dow called the scheme "an outright theft by people who presented themselves as legitimate investment advisors and as a legitimate attorney."
Bernie Madoff's sole serving son, Andrew, insists that even though he worked in the firm, he had no idea what his father was up to and that his part of the business was on the up and up.
Bernie Madoff says he has terrible remorse and horrible nightmares over his epic fraud, but feels safer in prison than on the outside.
Ruth Madoff makes some startling admissions in a "60 Minutes" interview airing this Sunday.
Stephanie Mack (formerly Madoff Mack) told People magazine recently that the final months before her husband, Mark Madoff, killed himself he was in agony over what his father had done.
Tate George, who hit one of the most memorable shots in UConn basketball history, surrendered to federal authorities in NJ on Friday to face charges stemming from what prosecutors say was a Ponzi scheme.
First, he was busted for orchestrating a multi-billion dollar Ponzi scheme. Then he was jailed for 150 years. And, now it seems that his wife Ruth is calling it quits, according to a report in the U.K.'s Daily Mail.
The Connecticut Appellate Court ruled Wednesday that the town of Fairfield may not make claims for millions in losses to its pension fund due to disgraced financier Bernard Madoff's fraud scheme.
Nevin Shapiro, once known for his sports philanthropy, pleaded guilty in September in New Jersey federal court to one count of securities fraud and one count of money laundering. The plea was part of an agreement that still has him facing up to 17 years in prison.
Peter Madoff is selling off a 14-room home in Old Westbury as he faces a lawsuit by the trustee reclaiming funds for investors in his brother's Ponzi scheme.
In a 2006 New York divorce case, the ex-husband says the millions of dollars that went to his ex-wife came from a Bernard Madoff account that never really existed.
It's your last chance to own some of the personal belongings of the world's most notorious Ponzi schemer.
A judge has decided that a once-prominent New York City politician can serve 500 hours of community service rather than jail time for income tax evasion.
It's hard to believe that the appellate court will rule in favor of Sterling Equities (Fred Wilpon, Saul Katz and others) and against the trustee by reversing the bankruptcy court in Madoff appeal.
Every time the men who run the Mets pout before a forest of microphones, it is we who become angry. Very few powerful people know when to quit, and with each hollow assertion and rampant denial, Fred Wilpon is being selfish, defiant, and destructive.
A federal appeals panel reviewing a compensation plan for former clients of disgraced financier Bernard Madoff cast doubt on claims by the embattled owners of the Mets -- and other investors -- that they have a right to keep millions of dollars of fictitious profits.
An 80-year-old Monsey woman and her son have been charged with grand larceny after prosecutors said they scammed 75 people -- mostly neighbors and relatives -- in a Ponzi scheme.
According to the Wall Street Journal, attorneys for Irving Picard have informed Mets owners Fred Wilpon and Saul Katz that additional allegations about amounts invested with Bernard Madoff will be added by March 18 if they fail to reach a settlement.
Starr admitted to cheating nine elderly and wealthy clients out of millions to pay for his own bills, including the purchase - and sale - of a $7.5 million apartment in Manhattan.
Toumani Camara had career highs of nine 3-pointers and 35 points to help Portland beat the Brooklyn Nets 134-99 on Monday night.
The Rangers recorded just nine shots on goal, matching their lowest total in franchise history, in a 2-1 loss to the surging Senators on Monday,
From World War II to modern mixology, women in Brooklyn fought for their place behind the bar. This Women's History Month, their legacy continues to influence the city's nightlife.
High school students are helping residents in assisted living in Long Island, New York feel a bit more confident with makeovers.
Many of the 43 victims in Sunday night's runway plane collision at LaGuardia Airport were taken to Elmhurst Hospital in Queens, where there were signs of hope on Monday afternoon.
From World War II to modern mixology, women in Brooklyn fought for their place behind the bar. This Women's History Month, their legacy continues to influence the city's nightlife.
High school students are helping residents in assisted living in Long Island, New York feel a bit more confident with makeovers.
Many of the 43 victims in Sunday night's runway plane collision at LaGuardia Airport were taken to Elmhurst Hospital in Queens, where there were signs of hope on Monday afternoon.
Alcohol will be sold on the Staten Island Ferry for the first time in 5 years, NYC DOT announced on Monday.
Audio from ATC.com captures air traffic controllers speaking to the emergency ground responders who were on their way to a report of an odor in the cabin of a United Airlines flight.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
The New York City area will be under a wind advisory Monday with periods of heavy rain and severe thunderstorms expected across the region.
The New York area is in for a mild weekend before the weather takes a turn to start the work week.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
ICE agents began patrolling at JFK Airport in NYC and Newark Airport in New Jersey on Monday.
The air traffic control tower at Newark Liberty airport in New Jersey was evacuated early Monday, after a report of smoke inside the tower.
Leqaa Kordia, a Columbia University protester who was detained by ICE for more than a year, spoke out Sunday for the first time since her release last week.
Two of the most storied programs in men's college basketball, St. John's and Kansas, will battle it out later Sunday.
A New Jersey teen attending yeshiva school in Israel is back home after a journey that took him through three countries, at times on foot.
High school students are helping residents in assisted living in Long Island, New York feel a bit more confident with makeovers.
Two of the most storied programs in men's college basketball, St. John's and Kansas, will battle it out later Sunday.
A Long Island teenager accused of killing his ex-girlfriend in November allegedly plotted to burglarize the victim's home.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Leqaa Kordia, a Columbia University protester who was detained by ICE for more than a year, spoke out Sunday for the first time since her release last week.
New York City Comptroller Mark Levine was the first to sound the alarm about New York City's massive budget gap.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Michael B. Jordan's best actor win at Sunday night's Academy Awards resonated at his alma mater, Arts High School in Newark.
Toumani Camara had career highs of nine 3-pointers and 35 points to help Portland beat the Brooklyn Nets 134-99 on Monday night.
The Rangers recorded just nine shots on goal, matching their lowest total in franchise history, in a 2-1 loss to the surging Senators on Monday,
Ilya Sorokin made 26 saves for his NHL-leading seventh shutout of the season, and the Islanders moved back into a playoff spot with a 1-0 victory over the Blue Jackets on Sunday night.
Karl-Anthony Towns had 26 points and 16 rebounds, Jalen Brunson scored 23 points and the Knicks beat the Wizards 145-113 on Sunday night for their sixth straight victory.
Malik Monk scored 10 of his 32 points in the final five minutes, Devin Carter made a pair of clutch free throws with 6.6 seconds remaining and the Sacramento Kings held off the Brooklyn Nets 126-122.
From World War II to modern mixology, women in Brooklyn fought for their place behind the bar. This Women's History Month, their legacy continues to influence the city's nightlife.
A new performing arts venue with a focus on immigrant stories is opening in Upper Manhattan this fall. CBS News New York's Noëlle Lilley got an exclusive tour of the construction that will give The People's Theatre its first home in more than 15 years.
Members of the Apollo Theater, where Kiki Shepard left her mark for 15 years, reflect on her legacy after the Harlem icon's death at age 74.
The Rev. Al Sharpton is calling on New York City to help protect the Merchant's House Museum in Manhattan after a recent discovery revealed connections to the Underground Railroad.
A Harlem school is teaching students how to love, honor and care for their natural hair.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Police said a man made anti-Islamic statements before grabbing a 20-year-old woman and throwing her to the ground on the D train platform at a Brooklyn subway station.
Officials are continuing to investigate what happened at LaGuardia Airport after a plane and an emergency vehicle collided. CBS News New York's Elijah Westbrook has the latest details, and Aziza Shuler reports on the disruptions for travelers.
It's a cold start to Tuesday morning but there will be plenty of sunshine in the afternoon. CBS News New York Meteorologist Tony Sadiku has the forecast.
President Trump said the United States is in talks with Iran about ending the war. He postponed a Monday deadline for Iran to re-open the Strait of Hormuz.
CBS News New York's Lonnie Quinn says temperatures won't get out of the 40s, but then will gradually climb into the 60s by Thursday before dipping again.
