Americans lose millions to wire transfer fraud. Could banks do more to stop it?
"Their job is to protect our investments," said one man whose bank account was drained of $15,000. "Otherwise, what's the point of putting it with a bank?"
Fraud
U.S. Army financial counselor pleads guilty to defrauding Gold Star families
A financial counselor for the U.S. Army has admitted to tricking the surviving beneficiaries of fallen soldiers out of millions while profiting himself.
Former HGTV star from Los Gatos sentenced in $10M real estate fraud case
A Los Gatos man who starred in a real estate reality show was sentenced to jail and ordered to pay back nearly $10 million to his victims after admitting to real estate fraud, prosecutors said Tuesday.
Vietnam fraud death sentence: What to know
A Vietnamese real estate tycoon has been sentenced to death in one of the country's largest financial fraud cases in history. Property developer Truong My Lan was sentenced Thursday for swindling cash from one of Vietnam's largest banks for over a decade. Lan denied the charges and blamed her subordinates. CBS News foreign correspondent Ramy Inocencio has more.
Vietnam real estate tycoon sentenced to death
Truong My Lan, a 67-year-old Vietnamese property magnate, has received a death sentence after being convicted of embezzlement, bribery and banking violations in a scheme that defrauded the Saigon Commercial Bank of more than $12 billion over a 10-year period.
Meta tests new features on Instagram designed to fight teen sextortion
The feature will be turned on by default globally for teens under 18. Adult users will get a notification encouraging them to activate it, Meta said.
Vietnam property tycoon sentenced to death in $27 billion fraud case
A Vietnam court sentenced developer Truong My Lan to death for swindling billions from a bank, saying she "eroded people's trust" in the ruling Communist Party.
Truth Social insider trading
Michael and Gerald Shvartsman pled guilty to single counts of securities fraud after making $22 million illegally before Truth Social was acquired and made public. Robin Nunn, a federal trial attorney, joins CBS News with details on the charges.
Two brothers plead guilty to insider trading tied to Trump Media
The Florida brothers admitted they made over $22 million illegally before a 2021 announcement about Trump's media firm going public.
Sam Bankman-Fried sentenced to 25 years
Sam Bankman-Fried was sentenced to 25 years in prison for his role in the sudden collapse of the FTX crypto exchange. Prosecutors say he defrauded customers out of more than $8 billion, one of the largest financial crimes in U.S. history. Errol Barnett reports.
Sam Bankman-Fried apologizes at sentencing
A judge sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison Thursday. A jury convicted the 32-year-old of fraud and conspiracy in November. CBS News national correspondent Errol Barnett reports.
Sam Bankman-Fried sentenced to 25 years
FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for his role in the cryptocurrency fraud scheme that brought down his company and lost investors billions. CBS News' Errol Barnett reports.
Kids' author Kouri Richins tried before to kill husband, new counts allege
Earlier this week, another attempted murder charge was added by prosecutors to the list of counts against children's author Kouri Richins.
3/25: America Decides
Judge in Trump "hush money" case sets April 15 trial date; Should House Speaker Johnson be worried about ouster threat?
Where Trump's New York court cases stand
Former President Donald Trump saw significant developments in two of his New York legal cases on Monday, with a reduction in his bond amount in one case and a rejection of his delay attempt in another. CBS News political correspondent Caitlin Huey-Burns anchors coverage breaking it all down on "America Decides."
What a reduced bond means for Trump's assets
An appeals court on Monday reduced the amount of money former President Donald Trump needs to put forward if he wants to fight the ruling in his New York civil fraud trial. CBS News legal contributor Jessica Levinson explains the significance of the decision.
Latest developments in Trump's New York cases
On Monday, a New York judge set a trial date of April 15 for former President Donald Trump's "hush money" case. In his civil fraud case, a panel of judges lowered Trump's bond to $175 million. CBS News chief election and campaign correspondent Robert Costa has the latest.
Trump fraud trial bond reduced to $175 million
Former President Trump's bond in his New York fraud trial has been reduced to $175 million, down from nearly half a billion dollars. Trump's "hush money" trial, meanwhile, is set to begin April 15. Robert Costa reports.
Trump "hush money" trial set for April 15
On Monday, a New York appeals court slashed the bond in former President Donald Trump's civil fraud case to $175 million. In his "hush money" case, a judge scheduled an April 15 trial date, rejecting Trump's attempt for a further delay. CBS News' Robert Costa and Major Garrett join to unpack the latest developments.
Deadline for Trump's bond approaching
Former President Trump must post nearly half a billion dollars by Monday if he wants to appeal the outcome of his New York civil fraud trial. Trump insists he has the money, but is using a "substantial amount" for his presidential campaign. Shanelle Kaul reports.
Growth of job scams in U.S.
With over 100,000 reported cases last year, job scams are escalating rapidly, according to the Federal Trade Commission, doubling in frequency over the past four years. Americans faced nearly $500 million in losses due to these scams. LinkedIn’s career expert, Catherine Fisher, sheds light on this alarming trend.
Biden kicks off Western campaign swing
President Biden went West on Tuesday, taking a campaign swing through Nevada and Arizona. Meanwhile, former President Donald Trump cast his ballot in the Florida Republican presidential primary. CBS News' Ed O'Keefe and Robert Costa are following both campaigns.
Trump struggling to secure bond in fraud case
Lawyers for former President Donald Trump say it's a "practical impossibility" he will be able to post the $464 million bond needed to pause the ruling in his New York civil fraud case. CBS News chief election and campaign correspondent Robert Costa has more on Trump's money woes.
Trump's lawyers say it's "a practical impossibility" to secure bond in time
Former President Donald Trump has until March 25 to obtain a bond to secure $464 million judgment against him as he appeals his New York civil fraud case.
Trump struggles to secure $464 million bond
Former President Trump's lawyers said in a court filing Monday that he is unlikely to secure a nearly half-billion dollar bond needed to pause a judge's February ruling in his New York civil fraud case. On the campaign trail, Trump is on the defensive after warning of a "bloodbath" if he loses in November while discussing the auto industry. Robert Costa has details.
Live
Iran strikes another ship in Strait of Hormuz as Israel steps up Lebanon attacks
Israel is being condemned by Lebanese leaders for a strike in the south that killed at least nine people, including children, according to the health ministry.
Hurricane Lala lashes Hawaii's Big Island as a Category 1 storm. Maps show its path.
Hurricane Lala on Saturday slammed Hawaii's Big Island as a Category 1 storm, where it was bringing heavy rain and the possibility of life-threatening flooding and mudslides.
South Carolina to hold first 2028 Democratic presidential primary
South Carolina's Democratic presidential primary will take place on Jan. 22, 2028. Nevada, New Hampshire, New Mexico, Michigan and Virginia will also hold early Democratic nominating contests.
Exclusive
Fired Ukrainian defense minister says Ukraine is in a "technological war" with Russia
Mykhailo Fedorov, the former Ukrainian defense minister who is widely credited as the architect of the country's modern war-fighting strategy, told CBS News in an exclusive interview that he believes Ukraine is in a "technological war" with Russia.
Indiana storms linked to 5 deaths as floods trigger rescues and evacuations
Indianapolis Mayor Joe Hogsett urged residents along the White River to evacuate on Saturday.
Colombian president says he asked Trump to suspend tariffs after earthquake
Colombian President Abelardo de la Espriella said he called President Trump and asked him to suspend tariffs currently targeting the South American nation.
Construction workers find $10 million gold stash in renovations
Police issued a warning telling "gold prospectors" to stay away from the construction site
5 people injured in shooting at Virginia State University, 1 suspect arrested
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
USS Washington aircraft carrier heads to Middle East to replace USS Lincoln
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
U.S.
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Security video helps lead to a masked killer who tried to hide the crime
Dr. Steven Milner, a well-respected Oregon veterinarian, was accused of stalking and disguising himself before murdering Kenny Fandrich — the husband of a former employee. Security cameras played a key role in how detectives pieced the case together.
Indiana storms linked to 5 deaths as floods trigger rescues and evacuations
Indianapolis Mayor Joe Hogsett urged residents along the White River to evacuate on Saturday.
American Kate Douglass sets 50-meter freestyle world record at Pan Pacific
Kate Douglass, 24, is a five-time Olympic medalist.
5 people injured in shooting at Virginia State University, 1 suspect arrested
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
MoneyWatch
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Hormuz chaos highlights risks for other global trade chokepoints
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
How to get a refund for Trump tariffs struck down by Supreme Court
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Walmart tomato soup kits recalled over Listeria risk, FDA says
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
See how much renters pay for a 2-bedroom home in 50 U.S. cities
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
Politics
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South Carolina to hold first 2028 Democratic presidential primary
South Carolina's Democratic presidential primary will take place on Jan. 22, 2028. Nevada, New Hampshire, New Mexico, Michigan and Virginia will also hold early Democratic nominating contests.
Army temporarily grounds Apache helicopter training flights after deadly crash
The U.S. Army said Friday it is temporarily halting Apache helicopter training flights after two soldiers were killed earlier this week in a crash near Fort Hood, Texas.
First on CBS
Inside "the Pool": Fugitive arrested in alleged cross-border car trade scheme
Along the Texas-Mexico border, prosecutors say a group of businessmen found a way to monopolize the trade of used cars — a scheme called "the Pool." This week, authorities say they caught one alleged member.
First on CBS
Justice Department expands military's power to detain migrants near border
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
Feds charge woman for allegedly vandalizing World War II Memorial in D.C.
The top federal prosecutor in Washington, D.C., said a woman has been arrested and faces two felony charges related to vandalism of the World War II Memorial.
HealthWatch
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Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Maps and charts show record number of measles cases in U.S. this year
CBS News has been tracking a record number of measles cases and outbreaks around the country. The majority of cases are among those who haven't been vaccinated.
Norah O'Donnell: I take testosterone. Here's why.
Norah O'Donnell sat down with her own doctor, Rachel Rubin, to tackle the important topic of menopause: How your body changes, why women may be needlessly suffering, and what you can actually do about it.
World
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Exclusive
Fired Ukrainian defense minister says Ukraine is in a "technological war" with Russia
Mykhailo Fedorov, the former Ukrainian defense minister who is widely credited as the architect of the country's modern war-fighting strategy, told CBS News in an exclusive interview that he believes Ukraine is in a "technological war" with Russia.
Colombian president says he asked Trump to suspend tariffs after earthquake
Colombian President Abelardo de la Espriella said he called President Trump and asked him to suspend tariffs currently targeting the South American nation.
Liechtenstein moves to change succession laws, paves way for women on throne
The change shouldn't affect the top of the line of Liechtenstein's royal house succession in the immediate future.
Father and young sons rescued after 16 hours stranded off Thai island
The father and his two sons had rented a jet ski from a local operator, but failed to return it at the agreed time.
Construction workers find $10 million gold stash in renovations
Police issued a warning telling "gold prospectors" to stay away from the construction site
Entertainment
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Entertainment
8/15: CBS Saturday Morning
Rain floods the Midwest as Lala looms over Hawaii. We look inside a spy satellite company. Plus, Putin's meeting with President Trump, a year later.
Elizabeth Cook sings "Girls of Atomic City"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Girls of Atomic City."
Elizabeth Cook takes us to "Sunset Promenade"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Sunset Promenade."
Elizabeth Cook sings "Razorwire Wall"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Razorwire Wall."
Jeff Daniels and Jared Harris on new film
Emmy-winner Jeff Daniels stars as President Ronald Reagan and Jared Harris portrays Soviet leader Mikhail Gorbachev in "The Brink of War," a film that portrays the two leaders at the 1986 Reykjavik Summit. Daniels and Harris share their experiences playing these two historical figures amid a period of high political tension.
Technology
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Technology
The silent spy game orbiting above Earth's skies
Above Earth's atmosphere, an arms race is unfolding. Thousands of miles above the ground, satellites from different companies and nations are observing us and each other. To learn more, Olivia Gazis traveled to Vantor, a Colorado-based satellite technology company.
Where to get the latest CBS Mornings Deals
On this edition of CBS Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
French teen social media ban struck down by top constitutional authority
France's social media ban, which was due to take effect on Sept. 1, would have barred younger users from networks such as TikTok, Snapchat and Instagram.
Using AI in your romantic relationships
AI is making its way into people's love lives - some say it has helped to improve their conversations while others have used it to end a relationship. Dr. Sue Varma discusses how to use AI properly, set boundaries and identify warning signs of becoming too emotionally dependent.
Science
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Science
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
How a total solar eclipse stopped a war
Columbia University astronomy professor Dr. Janna Levin joins CBS News to discuss Wednesday's total solar eclipse, saying it's a reminder that humans share this Earth together and "we're all part of something larger."
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Crime
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Security video helps lead to a masked killer who tried to hide the crime
Dr. Steven Milner, a well-respected Oregon veterinarian, was accused of stalking and disguising himself before murdering Kenny Fandrich — the husband of a former employee. Security cameras played a key role in how detectives pieced the case together.
Violent crime down in big cities
Violent crime numbers are down across many major U.S. cities. Ali Bauman is in Newark, New Jersey, which has seen a large drop in homicides.
5 hurt in Virginia State University shooting
Police say multiple suspects were involved in the Virginia State University campus shooting that wounded five on Saturday.
Mozart statuettes snatched in classical caper
To celebrate Mozart's 270th birthday this year, German artist Ottmar Hörl made 320 statuettes of the composer and his dog, Pimperl, placing them around Salzburg, Austria. However, the statuettes have been pilfered.
Italian art heist foiled
Five accused thieves are under arrest after police say they took $10 million worth of art from a private museum in an Italian villa.
Space
More Space
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Watch: Powerful earthquake rocks Indonesia
At least 47 people died Saturday after a powerful 7.7 magnitude earthquake struck eastern Indonesia, with authorities warning the death toll is likely to rise. Videos captured the devastating shocks and aftermath.
New hope in California eagles' nest
A beloved Southern California eagle's passing broke the hearts of fans who had been watching her through a camera for over a decade. But new images inspire hope. Joy Benedict has the story.
Interview with ousted Ukrainian war minister
Aidan Stretch sits down with ousted Ukrainian Minister of Defense Mykhailo Fedorov to get his take on the war with Russia as protests continue over his dismissal.
Violent crime down in big cities
Violent crime numbers are down across many major U.S. cities. Ali Bauman is in Newark, New Jersey, which has seen a large drop in homicides.
5 hurt in Virginia State University shooting
Police say multiple suspects were involved in the Virginia State University campus shooting that wounded five on Saturday.