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.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
Savannah Guthrie said she and her family have been "in agony and despair ever since" her mother Nancy's disappearance in February.
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.
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 returned 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.
John Elliott reports from Glen Cove, Long Island, for Swim Across America Open Water Swim.
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.
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.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
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.
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.
Saturday marks one year since 20-month-old River Wilson drowned in the backyard pool of a state-licensed daycare in the Bronx.
Three 16-year-old boys have been arrested in connection to a Bronx shooting that left an 87-year-old woman and an 18-year-old man injured Friday.
Police in Queens are investigating a deadly hit-and-run that happened early Saturday morning.
"The Sopranos" actor Vincent Pastore has died at the age of 80. CBS News New York's Tim McNicholas reports.
For a few hours Saturday, some of Manhattan's busiest streets were closed to cars and open to people. Thousands took advantage as Summer Streets returned for its first of three Saturdays in the borough. CBS News New York's Elijah Westbrook reports.
