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.'
Watch CBS News
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.
The pop-up JBJ Soul Kitchen at the Ocean County Library in Toms River, N.J. will shut down at the end of the month.
A dramatic video shows NYPD officers and state troopers rescuing three passengers trapped inside a burning car after a crash in Queens.
In an historic first for New York City, Resorts World New York City at Aqueduct Racetrack will officially open with table games next week.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
"Livonia Chow Mein," Abigail Savitch-Lew's debut novel, tells the story of four generations of a Chinese family and the impact of their restaurant on Jewish and Black residents of Brownsville, Brooklyn.
A dramatic video shows NYPD officers and state troopers rescuing three passengers trapped inside a burning car after a crash in Queens.
In an historic first for New York City, Resorts World New York City at Aqueduct Racetrack will officially open with table games next week.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
Opening statements in Harvey Weinstein's third New York City rape trial began Tuesday. He is accused of raping actress Jessica Mann in a Manhattan hotel room.
CJ McCollum scored 32 points and the Hawks rallied to stun the Knicks 107-106 on Monday night, tying their first-round playoff series at one game apiece.
Colder weather returns to the New York City area this week with sub-freezing temperatures in the suburbs.
New York City's balmy weather proved to be record-breaking for the date of April 15.
Parts of the New York area could see record high temperatures during a summerlike stretch of weather this week.
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
New York City and the Tri-State Area are finally turning the corner to warmer weather this week.
The pop-up JBJ Soul Kitchen at the Ocean County Library in Toms River, N.J. will shut down at the end of the month.
A large four-alarm fire ripped through multiple homes in Ridgefield Park, New Jersey, early Tuesday morning.
Federal law entitles students with disabilities to special education services until they turn 21. What happens next is what many caregivers call "the transition cliff."
Much of New York, New Jersey and Connecticut are under a freeze warning Monday night, and that means crops and plants are in danger of dying.
A stolen Lamborghini worth around $300,000 was recovered in New Jersey after its owner said police tracked an Apple AirTag he hid inside.
Decades after their theft, rare books worth millions were recovered in New York City after being stolen from venture capitalist John Hay Whitney's Long Island home.
John Gotti's grandson Carmine Agnello is headed to prison in connection with a COVID fraud scheme in New York.
A young Long Island man who overcame autism to graduate high school as valedictorian is now poised to graduate from Hofstra with top honors.
New York families rely on state records to make sure car purchases are legit, but what happens when those records are wrong?
A Marine Corps veteran is walking more than 100 miles from eastern Long Island to Staten Island to support a little girl battling cancer.
Menin's relationship with Mayor Zohran Mamdani is still a work in progress, but the two agree on Gov. Kathy Hochul's proposed pied-à-terre tax.
Former President Barack Obama met privately with New York Mayor Zohran Mamdani before joining together to read to preschoolers at a child care center in the Bronx.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
President Trump spoke with CBS News Friday in a new telephone interview.
The wife of New York City Mayor Zohran Mamdani has apologized for what she says were "harmful" social media posts she made as a teenager.
The 16th Annual Lustgarten Foundation New York City Walk for Pancreatic Cancer Research was held Sunday in Battery Park City.
Advocates fear New York state could be taking a step back when it comes to biomarker testing access for those with Medicaid.
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.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
A previously unreleased song is one of many ways Prince is being honored a decade after his death.
Singer-songwriter Gavin DeGraw turned to social media for help reconnecting with a New York City bartender after a memorable performance this week.
New York City Mayor Zohran Mamdani and his wife Rama Duwaji will not attend this year's Met Gala, sources said.
The Rock And Roll Hall of Fame unveiled its list of inductees for 2026, and it includes the Wu-Tang Clan, the legendary, local hip-hop collective.
Cam Schlittler, a native of Walpole, said he and his family have received threats from Red Sox fans ahead of his Fenway Park debut Thursday.
CJ McCollum scored 32 points and the Hawks rallied to stun the Knicks 107-106 on Monday night, tying their first-round playoff series at one game apiece.
The first step toward a possible reunion between Odell Beckham Jr. and the New York Giants is complete.
The Yankees beat the reeling Royals 7-0 to complete a three-game sweep on Sunday following a long rain delay.
Chicago had at least one baserunner in each of the first seven innings.
Recurring elevator problems are back and worse than ever at one New York City high-rise, according to tenants.
Students at M.S. 407 transform a barren space into a habitat for bees and butterflies, part of a broader city push to expand pollinator-friendly green spaces.
Brooklyn officials announced a first-of-its-kind initiative to build sensory rooms in every District 75 elementary school.
New York City Mayor Zohran Mamdani's administration unveiled a dramatic traffic redesign at Brooklyn's Grand Army Plaza.
New York City business owners are pushing on the State Legislature to pass Gov. Kathy Hochul's reforms that would roll back some of the climate legislation passed by New York state in 2019.
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.
This is the former movie producer's third rape trial in New York after he was tried in 2020 and 2025. He is accused of third-degree rape of actress Jessica Mann in a hotel room in 2013. CBS News New York's Lisa Rozner reports.
The book is about a Chinese family that owns a restaurant in Brownsville, Brooklyn, and the restaurant's impact on the Jewish and Black residents over the course of a century.
The investigation into the shooting death of Bronx grandfather Edgar Spence is intensifying, with community advocates now offering a $5,000 reward in the case. CBS News New York's Andrew Ramos reports.
Twenty-five mannequins will be displayed at The Met's upcoming exhibit that will be based on real bodies. It opens on May 10.
The Port Authority and American Airlines will unveil a $125 million redevelopment of concessions in Terminal 8 at John F. Kennedy International Airport.
