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.
New York City Mayor Zohran Mamdani is expected to close a multi-billion-dollar gap as he announces his executive budget for the upcoming fiscal year.
Incumbent Mayor Ras Baraka will face seven challengers and 19 candidates will vie for four at-large council seats when voters go to the polls on Tuesday.
The Better Business Bureau and Visa are warning consumers to be vigilant while shopping due to an uptick in online scams.
Upper West Side resident Kathryn Detweiler says she lost about $20,000. It all started with a text from someone claiming to be a job recruiter.
Ryan Weathers took a no-hitter into the seventh inning, then gave up a single before Coby Mayo hit a three-run homer off reliever Brent Headrick to lift the Baltimore Orioles over the New York Yankees 3-2 on Monday night.
New York City Mayor Zohran Mamdani is expected to close a multi-billion-dollar gap as he announces his executive budget for the upcoming fiscal year.
The Better Business Bureau and Visa are warning consumers to be vigilant while shopping due to an uptick in online scams.
Upper West Side resident Kathryn Detweiler says she lost about $20,000. It all started with a text from someone claiming to be a job recruiter.
The Democratic primary in the 10th Congressional District is an intense fight where former New York City Comptroller Brad Lander is trying to unseat Rep. Dan Goldman.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
An unsettled pattern continues through the entire Mother's Day weekend in the New York City area.
After summer-like warmth, rainy weather and cooler temperatures return to the New York City area mid-week.
A cool weekend is ahead for the New York City area before warmer weather returns.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Amtrak announced Thursday it is suing Metro-North for allegedly blocking nonrevenue trains on a portion of the busy Northeast Corridor for over two months.
Incumbent Mayor Ras Baraka will face seven challengers and 19 candidates will vie for four at-large council seats when voters go to the polls on Tuesday.
Police are investigating after six people were shot at Rosa Parks Boulevard and Godwin Avenue in Paterson, New Jersey.
A man was arrested after a police standoff forced Bridgewater, New Jersey, residents to shelter in place for over 24 hours, officials say.
A woman has been charged with theft for taking a dog outside a Clifton, New Jersey, home in April, police say.
An unsettled pattern continues through the entire Mother's Day weekend in the New York City area.
Southampton Police shot and killed a 28-year-old man who was stabbing and slashing his mom with a knife on Mother's Day, police said.
Steven Schwally was allegedly drunk when his car slammed into a Deer Park nail salon in 2024. The crash killed four people, including an off-duty NYPD officer.
The threat of a Long Island Rail Road strike is hanging over nearly 300,000 daily riders and could start as soon as Saturday.
The fatal fire erupted just before 1:30 a.m. Sunday at a boarded-up house on Sycamore Avenue in Hempstead, Nassau County fire officials said.
Unions representing thousands of LIRR workers rallied Saturday amid a dispute with the MTA that could trigger their first strike in decades.
New York City Mayor Zohran Mamdani is expected to close a multi-billion-dollar gap as he announces his executive budget for the upcoming fiscal year.
Incumbent Mayor Ras Baraka will face seven challengers and 19 candidates will vie for four at-large council seats when voters go to the polls on Tuesday.
The Democratic primary in the 10th Congressional District is an intense fight where former New York City Comptroller Brad Lander is trying to unseat Rep. Dan Goldman.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
Three New Yorkers are among the 18 people being quarantined in Nebraska and Atlanta due to hantavirus concerns.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
Two New Jersey residents were potentially exposed to a person infected with hantavirus, according to health officials.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
Firefighters responded to Broadway's Eugene O'Neill Theater Monday morning after a blaze broke out.
Ryan Weathers took a no-hitter into the seventh inning, then gave up a single before Coby Mayo hit a three-run homer off reliever Brent Headrick to lift the Baltimore Orioles over the New York Yankees 3-2 on Monday night.
Queens officials say Jackson Heights is considered one of the most diverse neighborhoods in the city.
The New York Knicks are headed back to the Eastern Conference finals -- and their fans are loving every minute of it.
Hannes Wolf scored three goals for his first hat trick and Nicolás Fernández assisted on all the scores to help lead NYCFC to a 3-0 victory over the Columbus Crew on Sunday.
Eduardo Rodriguez came within two outs of his first complete game, Ryan Waldschmidt had his first three big league RBIs and the Diamondbacks beat the Mets 5-1 on Sunday.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
The Davis Center at the Harlem Meer is celebrating one year of providing year-round recreation space to New Yorkers while still spreading the word to residents.
Residents displaced by a deadly apartment building fire in Inwood say it was only a matter of time before their building went up in flames.
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.
G's Cheesesteaks on the Lower East Side promised free cheesesteaks if the Knicks swept the 76ers, and on Monday, he delivered.
A 1-year-old boy was killed and two 6-year-olds are still hospitalized after a massive fire erupted at a building in the Bronx. CBS News New York's Elijah Westbrook reports.
Incumbent Mayor Ras Baraka, a progressive Democrat, will face seven challengers while 19 candidates will vie for four at-large council seats. CBS News New York's Christina Fan reports.
Online shoppers looking for prom dresses are urged to be extra careful as there's an uptick in scams. CBS News New York Investigative Reporter Mahsa Saeidi reports.
The governor signed the order last month, requiring the agency to improve the commuter experience.
