Judge Approves Massive Madoff Settlement
A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of one of the oldest and wealthiest clients of disgraced financier Bernard Madoff.
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A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of one of the oldest and wealthiest clients of disgraced financier Bernard Madoff.
A New York appeals court has revived a lawyer's bid to take back millions of dollars he paid in a divorce settlement before losing money he'd invested with convicted fraudster Bernard Madoff.
U.S. District Judge Laura Taylor Swain rejected the arguments by lawyers for 62-year-old Annette Bongiorno that her husband should be allowed to post money from his bank accounts to support a bail package.
Federal Judge Laura Taylor Swain noted that Annette Bongiorno concedes she has $2.4 million. Prosecutors say Madoff's 62-year-old longtime secretary likely has stashed away millions more.
Attorney Ira Sorkin says Madoff had decided not to attend the funeral for Mark Madoff out of consideration for his daughter-in-law's and grandchildrens' privacy.
Investigators said 46-year-old Mark Madoff's father-in-law found him with a dog leash around his neck hanging from a pipe early Saturday morning inside his Soho loft.
Federal authorities said prominent Massachusetts businessman and philanthropist Carl Shapiro has agreed to forfeit the funds that will be distributed to investors who lost money in jailed financier Bernard Madoff's fraud.
The lawsuit was filed in the U.S. Bankruptcy Court for the Southern District of New York.
Picard said his firm is seeking about $69 million in funds deposited by the company's customers and stolen in the 72-year-old's vast Ponzi scheme.
The lawsuit alleges 23 counts of financial fraud and misconduct. It seeks to recover at least $2 billion to be distributed to Madoff victims.
Bongiorno and another former Madoff aide were arrested last week on conspiracy, securities fraud and other charges arising from the multibillion-dollar Ponzi scheme. They could each face decades in prison if convicted.
A half dozen employees have been charged since FBI agents showed up at Madoff's penthouse apartment in Manhattan on Dec. 11, 2008.
Two longtime back office employees of Bernard Madoff were arrested Thursday on charges that they helped the disgraced financier dupe investors for decades by making fictitious investments.
Prosecutors said he convinced investors that the ATMs would be put in convenience stores, gas stations, malls and hotels nationwide.
The U.S. Marshals Service will be selling the disgraced financier's personal items on Nov. 13 at the Sheraton Hotel in Manhattan.
Federal officials had seized the home, along with Madoff's other properties and assets in New York and elsewhere. Proceeds from the sales of those assets are expected to benefit the victims of Madoff's financial scheme.
In his most expansive comments on the subject, the Mets owner talks about being ripped off by Ponzi schemer Bernard Madoff.
A Florida man known for his sports-related philanthropy pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
Financial adviser Kenneth Starr pleaded guilty in a $59 million Ponzi scheme Friday admitting that he stole clients' money to enrich himself.
American Express is accusing a jailed financial adviser to the stars of failing to pay $350,000 on his Platinum and Gold cards.
A Florida man accused of running a $880 million Ponzi scheme that authorities say paid for lavish spending sprees and sports philanthropy may have reached a deal with federal prosecutors.
Lawyers for three alleged cohorts of disgraced financier Bernard Madoff say the case is mired in a mountain of potential evidence.
Federal prosecutors in New York are seeking over $5 million in assets belonging to a former office supervisor for jailed financier Bernard Madoff.
The FBI used the Intrepid Museum to help conduct the massive investigation after 9/11.
The New York Yankees beat the Colorado Rockies 10-3 on Thursday night to tighten the AL East race.
One person has died and a total of five people have been sickened by Legionnaires' disease in the Bronx.
Pilot Nick Dobi, now 84, remembers being diverted to Newfoundland after the 9/11 attacks, calling it the "most dramatic, emotional flight of my life."
CBS News producer Caroline Lewis shares the story of her mother Patty, who established a school in a disadvantaged community after losing her husband on 9/11.
The FBI used the Intrepid Museum to help conduct the massive investigation after 9/11.
One person has died and a total of five people have been sickened by Legionnaires' disease in the Bronx.
Pilot Nick Dobi, now 84, remembers being diverted to Newfoundland after the 9/11 attacks, calling it the "most dramatic, emotional flight of my life."
Thousands of children lost a parent 25 years ago on Sept. 11, 2001. They became known by the name of the organization formed to support them, Tuesday's Children.
For 25 years, we've paid somber tribute to the victims of 9/11. That includes broadcast engineers Isaias Rivera and Robert Pattison, two members of our CBS News New York family.
After a week filled with periods of storminess and high humidity, a calmer and drier weather pattern is settling in for the holiday weekend.
Severe storms returned to the Tri-State Area, making it a soggy Thursday morning.
The rain returns Tuesday with the possibility of severe storms and downpours that can cause flash flooding in the New York City area.
Activity by ICE agents is putting a chill on the economy in parts of Connecticut after an estimated 100 people were recently grabbed off the streets of Danbury and other communities.
A First Alert Weather Day has been issued for Tuesday and Wednesday due to the threat of strong to severe thunderstorms.
Middletown, New Jersey, had more residents killed in the terror attacks on Sept. 11, 2001, than any other town outside of New York City.
The Empty Sky Memorial at Liberty State Park in Jersey City honored the hundreds of New Jersey residents killed in the 9/11 attacks Thursday.
A U.S. Army intelligence officer from New Jersey says he has never felt like he needed to choose between his Muslim faith and his service.
A cosmetic treatment that promises breast enhancement without surgery is now at the center of a fight over who regulates human tissue in New York.
More than 41,000 students are heading back to class across Newark, New Jersey, Tuesday following 11 weeks of summer vacation.
Many remember an image featuring longtime FDNY firefighter Bob Beckwith that spread around the world in the days following the 9/11 attacks -- an image of bravery and hope.
Retired at the time, Beckwith, who spent 30 years with the FDNY, responded to the devastation at ground zero and was captured in an iconic moment with President George W. Bush. CBS News New York's Jennifer McLogan reports.
A man accused of killing a Long Island woman was fatally shot by police officers in Massachusetts on Wednesday night, officials say.
New water rescue equipment can now reach swimmers in distress before rescue crews can even reach the water. Nassau County Police on Thursday unveiled drones equipped with flotation devices to reach people in trouble in a matter of seconds. CBS News New York's Carolyn Gusoff reports.
Though none of them were even born in 2001, students at Commack High School continue to pass on memories of the 9/11 terror attacks.
Many remember an image featuring longtime FDNY firefighter Bob Beckwith that spread around the world in the days following the 9/11 attacks -- an image of bravery and hope.
As governor of New York on Sept. 11, 2001, George Pataki was responsible for many of the decisions being made at the highest level of state government. He recently reflected on that somber day.
Former President George W. Bush gave rare remarks on Wednesday as Americans mark 25 years since the Sept. 11 terrorist attacks.
Ray Kelly, the longest-serving NYPD commissioner in history, is widely credited with driving down crime and ramping up the department's counterterrorism capacity.
Hundreds of thousands of New York City students are heading back to school Thursday with many new changes and programs in store.
One person has died and a total of five people have been sickened by Legionnaires' disease in the Bronx.
As of late August, the September 11th Victim Compensation Fund has received 112,000 claims, awarding more than $18 billion.
A cosmetic treatment that promises breast enhancement without surgery is now at the center of a fight over who regulates human tissue in New York.
Twenty-five years after the terrorist attacks on Sept. 11, 2001, the health threat hasn't ended for many survivors.
New York City officials released thousands of previously unseen documents questioning the air quality at Ground Zero following the 9/11 attacks.
Grammy and Emmy Award-winning musician Lizzo made a surprise visit to meet Brooklyn students and debut her new children's book.
Some are calling for Macklemore to be removed from Ed Sheeran's Loop tour after he used part of his opening performance on Friday and Saturday nights at MetLife Stadium to share his pro-Palestinian views about the war in Gaza.
The Met's decision to highlight the work by designer John Galliano sparked widespread controversy due to his history of antisemitic and racist comments.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
President Trump said that he would be "lowering the American flag" throughout the nation for one week in Dolly Parton's honor.
The New York Yankees beat the Colorado Rockies 10-3 on Thursday night to tighten the AL East race.
Jude Terry and Armindo Sieb each scored a goal, Hugo Lloris had his MLS-leading 12th shutout this season, and Los Angeles FC beat the New York Red Bulls 2-0 to snap a six-game winless streak.
Rookie George Lombard Jr. became the second-youngest player in Yankees' history to hit a grand slam as New York beat the Rockies 6-1 on Wednesday night.
Dániel Gazdag scored in the third minute of second-half stoppage time to rally the New England Revolution to a 2-1 victory over New York City FC on Wednesday night at Citi Field.
The New York Yankees beat the Colorado Rockies 5-3 on Tuesday night to clinch their 34th straight winning season.
Former Mets players from the 2001 season were at Ladder 25 on the Upper West Side on Tuesday.
Grammy and Emmy Award-winning musician Lizzo made a surprise visit to meet Brooklyn students and debut her new children's book.
A Bronx pizzeria is proving that kindness is contagious by giving slices to hungry New Yorkers.
Brooklyn Community Services says keeping its mobile shower program running is becoming increasingly difficult as the costs of fuel, hygiene products and other expenses rise.
The Brooklyn family traces its roots to Pieter Claesen Wyckoff, who arrived in the New World 400 years ago. Today, descendants connect through reunions, Zoom calls and a massive genealogical database.
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.
A 77-year-old man was killed and his 52-year-old daughter was one of two women hospitalized after they were struck by a truck driver in Chinatown on Thursday. CBS News New York's Adi Guajardo reports.
Rapper Snoop Dogg will host this year's MTV Video Music Awards.
CBS News New York's Lonnie Quinn has your First Alert Forecast for September 10 at 11 p.m.
In the hours following the terror attacks on Sept. 11, 2001, the FBI in Manhattan needed to set up a secure emergency command center. They looked to the water, using the Intrepid Museum to help conduct the massive investigation. CBS News New York's Alice Gainer reports.
There was a scare at Ramapo College in New Jersey on Thursday after a report of a gun on campus.
