Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Ponzi Scheme
RadioShack buyers ran a Ponzi scheme, SEC alleges
The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a Ponzi scheme.
Retired IRS agent gets 12 years for scamming elderly California woman out of life savings
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
Bernie Madoff's victims to get additional $158 million in restitution
Nearly 25,000 of the victims in Madoff's Ponzi scheme will see restitution through the Madoff Victim Fund.
California man sentenced in cow manure Ponzi scheme
After his arrest, Ray Brewer claimed he saved several soldiers from a fire while serving in the Navy, but later admitted, "these were both lies meant to curry favor with law enforcement."
2/9: Red and Blue
George Santos' work for firm accused of Ponzi scheme drew scrutiny; 2024 GOP presidential field begins to take shape.
Investigating Rep. George Santos' past
A new CBS Reports documentary explores Congressman George Santos' history of lies and his past involvement in a company accused in an alleged Ponzi scheme. CBS News political correspondent Caitlin Huey-Burns discusses "Campaign of Deceit: The Election of George Santos" with Anne-Marie Green and Seth Doane.
2009: The man who knew
In 2009, 60 Minutes interviewed Madoff Ponzi scheme whistleblower Harry Markopolos, who said he alerted the Securities and Exchange Commission of Madoff's fraud starting in 2000.
Bernie Madoff's sister and her husband dead in apparent murder-suicide
They were found unresponsive with gunshot wounds in their residence, police say. Madoff wiped out people's fortunes and ruined charities with a massive Ponzi scheme.
Christian radio host gets 3 life prison terms for bilking listeners
"He ruthlessly stole from his clients who trusted him for almost a decade," said the chief of the Tarrant County DA's Elder Financial Fraud team.
The history behind Bobby Bonilla Day
The Mets are sitting atop National League East and enjoying a good return so far on the team's $196 million payroll. But included in that figure is nearly $1.2 million for a player that hasn't stepped to the plate in more than 20 years, and one the team will continue to pay for another 14 years. Here's more on the now-infamous arrangement between an athlete and an owner, and the most notorious Ponzi scheme in history.
Bernie Madoff: How he pulled it off
On April 14, 2021, Bernard Madoff, who burned thousands of investors through an epic Ponzi scheme, died in prison while serving a 150-year prison sentence. Correspondent Jim Axelrod talks with journalist Jim Campbell, author of "Madoff Talks," who maintained a years-long correspondence with the disgraced investor and his family, to learn exactly how Madoff pulled off the largest financial fraud in Wall Street history.
Bernie Madoff: How he pulled it off
Journalist Jim Campbell, author of "Madoff Talks," maintained a years-long correspondence with the disgraced investor to learn exactly how Madoff pulled off the biggest fraud in American financial history.
Book excerpt: "Madoff Talks" by Jim Campbell
The journalist's new book features exclusive interviews with the disgraced investor who built a Ponzi scheme that grew into the largest financial fraud in Wall Street history.
Ponzi schemer Bernie Madoff dies in prison at 82
Bernie Madoff, the mastermind of the largest Ponzi scheme in history, died in prison at age 82. He suffered from kidney disease in recent years.
Federal prosecutors allege Shkreli lied and stole to keep his other companies afloat
Pharmaceutical CEO Martin Shkreli who was accused of price gouging is out on bail after his arrest Thursday on unrelated securities fraud charges. Federal prosecutors allege Shkreli lied and stole to keep his other companies afloat. He was already called a symbol of corporate greed after his drug company raised the price of a medicine by more than 5,000 percent. Anthony Mason reports.
Martin Shkreli, the pharmaceutical company CEO who caused a public uproar after drastically raising the price of a life-saving prescription drug, was arrested on Thursday
Martin Shkreli, the pharmaceutical company CEO who caused a public uproar after drastically raising the price of a life-saving prescription drug, was arrested on Thursday. Federal prosecutors accuse Shkreli of running a Ponzi-like scheme to pay off investors at his former hedge fund. Anthony Mason reports.
Stocks surged after the Labor Department announced that the U.S. economy added 211,000 jobs in November
Stocks surged after the Labor Department announced that the U.S. economy added 211,000 jobs in November. Also, the trustee of Bernie Madoff's firm began distributing more money to people swindled in Madoff's Ponzi scheme. Hena Daniels reports on the day's top MoneyWatch headlines.
A French company is showing off a self-driving shuttle bus at the Consumer Electronics Show in Las Vegas,
A French company is showing off a self-driving shuttle bus at the Consumer Electronics Show in Las Vegas. It's the first driverless vehicle commercially available in the U.S. With a top speed of 12 miles an hour, the shuttle is intended for college campuses and airport parking lots. That story and more Moneywatch headlines from Wendy Gillette.
Bernie Madoff seeks early release due to end-stage renal disease
Without compassionate release, Madoff's sentence would not end until 2139.
Jeffrey Epstein once worked at firm behind massive Ponzi scheme
"I don't think there was anyone who worked for the company who didn't understand it was a fraud the whole time," a lawyer told CBS News
Bernie Madoff asks Trump for clemency
The perpetrator of the biggest fraud in history is seeking commutation of his 150-year prison sentence, which he is serving in North Carolina
Almanac: Schemer Charles Ponzi
The founding father of financial hijinks, who trapped his investors in a "musical chairs" of fraud, was born on March 3, 1882
Ponzi scheme suspect cast spells, paid $720K for prayers to thwart charges
Six-figure payments for prayers didn't spare Dawn Bennett from a 17-count indictment on fraud charges
Feds charge 3 men after busting $364M Ponzi scheme
Federal prosecutors say the accused ripped off hundreds while spending big on homes, cars and other luxury goods
Cassidy backs Blanche for attorney general, clearing way for confirmation
Louisiana Sen. Bill Cassidy, a Republican, announced he will vote to confirm Todd Blanche for attorney general.
Live
Saudi Arabia, Turkey and Pakistan sign key defense accord, criticized by Iran
Yemen's Houthi rebels launch fresh attacks on Saudi-backed government troops, says Yemeni state media, as Cruz says Trump must seek "regime collapse."
Trump's firings of federal officials set stage for next presidential power test
A federal appeals court is set to consider President Trump's effort to fire two immigration judges this fall, a case that could have significant implications for federal workers.
Appeals court blocks Trump's White House ballroom, teeing up Supreme Court fight
A federal appeals court said the White House lacks the authority to unilaterally construct the 90,000-square-foot ballroom. President Trump said the administration will appeal to the Supreme Court.
Water rationing begins in Puerto Rico amid drought crisis: "It's brutal"
Puerto Rico's massive rationing measure comes amid a severe drought on top of shortages due to infrastructure issues.
Pentagon releases 5th batch of UFO files, with more documents and videos
The Pentagon on Friday released a new batch of documents and images related to UFOs, the fifth disclosure in recent months about the strange encounters.
Senate passes long-stalled Russia sanctions bill championed by Lindsey Graham
The Senate has tried for more than a year to get the legislation imposing sanctions on Russia across the finish line. It also includes sanctions on Iran.
Don Lemon seeks dismissal of criminal charges, claims vindictive prosecution
Former CNN anchor Don Lemon's attorneys wrote that Trump's animosity toward Lemon "is well documented, stretching back over a decade."
"Pink flags" of postpartum psychosis — and more takeaways from "Healthful"
Perinatal psychiatrist Dr. Uruj Kamal Haider and Kriti Lodha joined a special edition of "Healthful" to talk more about mental health conditions, including postpartum psychosis.
U.S.
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Water rationing begins in Puerto Rico amid drought crisis: "It's brutal"
Puerto Rico's massive rationing measure comes amid a severe drought on top of shortages due to infrastructure issues.
Appeals court blocks Trump's White House ballroom, teeing up Supreme Court fight
A federal appeals court said the White House lacks the authority to unilaterally construct the 90,000-square-foot ballroom. President Trump said the administration will appeal to the Supreme Court.
Cassidy backs Blanche for attorney general, clearing way for confirmation
Louisiana Sen. Bill Cassidy, a Republican, announced he will vote to confirm Todd Blanche for attorney general.
Trump's firings of federal officials set stage for next presidential power test
A federal appeals court is set to consider President Trump's effort to fire two immigration judges this fall, a case that could have significant implications for federal workers.
This week on "Sunday Morning" (Aug. 9)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
MoneyWatch
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Americans got their biggest raises in 40 years. Inflation took most of it.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
July jobs report reveals unexpected loss of 23,000 jobs
Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.
Warren presses U.S. companies to share tariff refunds with customers
Companies receiving billions in refunds for U.S. tariffs struck down by the Supreme Court should return money to consumers, Sen. Elizabeth Warren said.
Feds could scrap rules requiring airlines to disclose airfares in full
A Transportation Department proposal could obscure the cost of a plane ticket, aviation experts warn. Here's what to know.
First on CBS
Trump to announce $180 million to boost mining education
President Trump is planning to announce over $180 million in grants to boost educational programs for the mining industry, CBS News has learned, part of a bid to increase critical mineral production.
Politics
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Senate passes long-stalled Russia sanctions bill championed by Lindsey Graham
The Senate has tried for more than a year to get the legislation imposing sanctions on Russia across the finish line. It also includes sanctions on Iran.
Appeals court blocks Trump's White House ballroom, teeing up Supreme Court fight
A federal appeals court said the White House lacks the authority to unilaterally construct the 90,000-square-foot ballroom. President Trump said the administration will appeal to the Supreme Court.
Cassidy backs Blanche for attorney general, clearing way for confirmation
Louisiana Sen. Bill Cassidy, a Republican, announced he will vote to confirm Todd Blanche for attorney general.
Trump's firings of federal officials set stage for next presidential power test
A federal appeals court is set to consider President Trump's effort to fire two immigration judges this fall, a case that could have significant implications for federal workers.
Don Lemon seeks dismissal of criminal charges, claims vindictive prosecution
Former CNN anchor Don Lemon's attorneys wrote that Trump's animosity toward Lemon "is well documented, stretching back over a decade."
HealthWatch
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"Pink flags" of postpartum psychosis — and more takeaways from "Healthful"
Perinatal psychiatrist Dr. Uruj Kamal Haider and Kriti Lodha joined a special edition of "Healthful" to talk more about mental health conditions, including postpartum psychosis.
The Truth About Postpartum Psychosis
The issue of postpartum psychosis has come to the forefront amid the murder trial of Lindsay Clancy, the 35-year-old mother accused of killing her three children. What are the signs of a mental break, and is the healthcare system failing mothers? In this special episode of Healthful, Norah speaks with Dr. Uruj Kamal Haider, a perinatal psychiatrist who has treated patients with the rare and severe mental health emergency. She also speaks with Kriti Lodha, a postpartum psychosis survivor who has made it her mission to help other mothers.
Flesh-eating bacteria have killed 5 in Louisiana this year, officials say
A flesh-eating bacterium found in warm coastal waters is responsible for at least five deaths so far this year in Louisiana, state health officials reported Thursday.
Minnesota Chipotle burrito bowl meal led to sepsis hospitalization, lawsuit says
A Minnesota woman says she fainted, spiked a 102-degree fever, and was hospitalized with sepsis three days after eating a chicken burrito bowl at a Chipotle in Roseville, and genetic testing connected her case to a multistate outbreak, according to a lawsuit filed Tuesday.
What Fauci has said about COVID origins, gain-of-function research
Thursday's vote to hold Dr. Anthony Fauci in contempt of Congress follows years of tension with GOP Sen. Rand Paul, hinging on the origins of the coronavirus and a controversial type of research.
World
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Senate passes long-stalled Russia sanctions bill championed by Lindsey Graham
The Senate has tried for more than a year to get the legislation imposing sanctions on Russia across the finish line. It also includes sanctions on Iran.
Plans for another mass migrant crossing into Ceuta spreading online
CBS News reviewed dozens of posts on social media that suggest a renewed push for migrants to cross the border from Morocco into the Spanish exclave of Ceuta.
Water rationing begins in Puerto Rico amid drought crisis: "It's brutal"
Puerto Rico's massive rationing measure comes amid a severe drought on top of shortages due to infrastructure issues.
Amanda Knox's comedy show faces criticism from murdered roommate's family
Amanda Knox made headlines almost two decades ago when she was convicted, but later acquitted, of the murder of Meredith Kercher in Italy.
Saudi Arabia, Turkey and Pakistan sign key defense agreement
The agreement says any armed attack against one of the three states will be regarded as an attack on them all, Pakistan and Turkey said in statement.
Entertainment
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Entertainment
Top music exec chooses his song of the summer
Music lovers are weighing in on the 2026 song of the summer contenders. Jem Aswad, Variety's executive music editor, shares what he thinks makes a hit the standout of the season.
What's the song of the summer?
While many songs generate acclaim as soon as they hit the airwaves, there can only be one song of the summer. SiriusXM radio host Lamar Dawson makes his pick.
Juno Temple, Hannah Waddingham on "Ted Lasso"
Emmy Award-winning actors Juno Temple and Hannah Waddingham share their thoughts on returning to "Ted Lasso" for a fourth season after a three-year hiatus. Temple returns as publicist Keeley Jones while Waddingham is back as club owner Rebecca Welton.
Diarra Kilpatrick on her show's new season
Diarra Kilpatrick, who stars in "Diarra from Detroit," joins "CBS Mornings" to discuss the show's new season, which premiered on Paramount+ last week.
Amanda Kloots on her new dating show
Amanda Kloots, a Broadway dancer, podcast host and best friend to reality star Harry Jowsey, joins "CBS Mornings" to discuss their new Netflix series "Let's Marry Harry."
Technology
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Technology
Meta fined $567M over child safety issues
Meta, the tech giant that operates Facebook, Instagram, WhatsApp and other platforms, faces another financial penalty for allegedly failing to keep kids safe. A New Mexico judge has ordered Meta to pay $567 million for its failure to warn the public about the dangers its products pose to children.
Kids dropping phones for summer jobs
Meet the children leaving their devices behind this summer to flex their entrepreneurial muscles with summer jobs.
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.
Concerns over misuse of Flock cameras
Joseph Cox, co-founder of 404 Media, joins CBS News to discuss criticisms of Flock cameras and the push by some cities to replace Flock cameras with different surveillance devices like license plate readers.
Cyberattacks target U.S. water systems
U.S. officials suspect Iran-backed hackers may be behind cyberattacks that have been reported in at least 12 states. CBS News homeland security correspondent Nicole Sganga has more details.
Science
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Science
Genetically altered beagles offer hope for dog lovers with allergies
Matt Walker, a geneticist and the CEO of Kindred Companion Sciences, joins "CBS Mornings" with his gene-altered beagle, Bailey, to discuss creating future options for people with severe pet allergies.
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.
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Crime
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Crime
Deadly school shooting in Thailand
At least seven people died during a school shooting in Bangkok, Thailand. BBC News' Jonathan Head reports.
New DNA evidence in Utah death row case
New DNA evidence is raising questions about the case against Douglas Carter, who is on death row in Utah for murder. Neal Hamilton, one of Carter's defense attorneys, joins CBS News with his take.
Amanda Knox defends comedy show
Amanda Knox, who was convicted and later acquitted of murder in Italy, appeared on stage for a comedy show and is now facing backlash for her appearance. CBS News' Ramy Inocencio reports.
Lindsay Clancy bawls in courtroom
Lindsay Clancy, the Massachusetts mom charged with the murder of her three children, had an emotional day in court as expert testimony continued. CBS News Boston's Penny Kmitt reports.
Inside the NYC supervised drug-use sites
A 5-year-old experiment sanctioned by the city of New York, but not by the federal government, provide supervised sites for drug users. The goal is to reduce overdose deaths and street drug use, but some critics still have doubts about the process. CBS News' Anna Schecter reports.
Space
More Space
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.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
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
Senate passes Graham's Russia sanctions bill
The Senate passed a bill championed by late South Carolina Sen. Lindsey Graham to impose new sanctions against Russia. CBS News' Nikole Killion reports.
Saudi Arabia, Pakistan and Turkey sign deal
Saudi Arabia, Pakistan and Turkey signed a new defense deal that may raise alarm bells for some nations in the Middle East. CBS News' Imtiaz Tyab explains.
Expert on Iran-Oman Strait of Hormuz deal
Iran and Oman appear to be making progress on a potential deal surrounding the Strait of Hormuz, but the outcome may not be enough to satisfy the U.S. CBS News analyst Aaron MacLean joins with more insight.
Scientists create new viruses with AI
Scientists at Stanford University successfully used artificial intelligence to create new viruses, which may have some worrisome implications. CBS News' Dr. Celine Gounder reports.
Court on White House ballroom construction
A federal appeals court has blocked the construction of President Trump's White House ballroom, saying the project requires congressional approval. CBS News' Jake Rosen reports.