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.
Eleven people were stabbed inside a juvenile detention center in the Bronx on Sunday, police said.
Kyle Schwarber and Bryce Harper each homered for the second consecutive game, and Zack Wheeler struck out seven as the Philadelphia Phillies defeated the New York Mets 6-2.
Police shot a suspect who allegedly hit multiple officers with a vehicle in the Bronx on Sunday, the NYPD said.
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.
Eleven people were stabbed inside a juvenile detention center in the Bronx on Sunday, police said.
Police shot a suspect who allegedly hit multiple officers with a vehicle in the Bronx on Sunday, the NYPD said.
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.
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.
Kyle Schwarber and Bryce Harper each homered for the second consecutive game, and Zack Wheeler struck out seven as the Philadelphia Phillies defeated the New York Mets 6-2.
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.
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.
Families celebrated Father's Day across New York City on Sunday, from Central Park to the NICU at New York-Presbyterian Komansky Children's Hospital.
Former comptroller Brad Lander was among those casting their ballot Sunday on the last day of early voting in New York City.
Video captured the moment a protester was struck by a car at Delaney Hall in Newark, New Jersey, on Sunday.
The band Goose paid tribute Sunday night to a concertgoer who died at their Saturday night concert at Madison Square Garden.
Multiple members of the NYPD were taken to the hospital after a suspect struck them with a vehicle Sunday, police said. CBS News New York's Jenna DeAngelis reports.
