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21 minutes ago

Arlene forms as first tropical storm of the season. Here’s what to expect

Tropical Depression 2 has become Tropical Storm Arlene as it continues to linger off Florida in the Gulf of Mexico.

A rip current statement in effect for Coastal Flagler Region

See the complete list

BREAKING NEWS

Arlene forms as first tropical storm of the season. Here’s what to expect

A rip current statement in effect for Coastal Flagler Region

BERNARD MADOFF


Inflation or not, price of pro sports teams keeps going up

Inflation isn’t going to hurt the bankrolls of sports team owners.

GLIMPSES: 2 #MeToo lawsuits at trial, side by side in NYC

Photographers and videographers hovered outside in the walkway between two large old courthouses in lower Manhattan.

Sanctions on Russian oligarch donors hit Israel institutions

Billionaire Moshe Kantor has severed his longstanding ties to Tel Aviv University — joining a growing list of Russian Jewish oligarchs who have scaled back their philanthropic activities after coming under international sanctions for their ties to President Vladimir Putin.

Ponzi schemer Bernie Madoff’s sister, husband found dead in Florida, police say

Authorities have identified a couple found dead in what investigators said was an apparent murder-suicide in Florida as the sister of Wall Street fraudster Bernie Madoff and her husband.

‘Unabomber’ Ted Kaczynski moved to prison medical facility

The man known as the “Unabomber” has been transferred to a federal prison medical facility in North Carolina after spending the past two decades in a federal Supermax prison in Colorado for a series of bombings that targeted scientists.

Final goodbye: Recalling influential people who died in 2021

They both carved out sterling reputations as military and political leaders over years of public service.

Ghislaine Maxwell’s brother says US prosecutors seeking to ‘break’ her

The brother of a British socialite charged with helping Jeffrey Epstein exploit underage girls says her prosecution is “the most over-hyped trial of the century,” designed to break a woman targeted by authorities who are desperate to blame someone for the late financier’s crimes.

The jail where Jeffrey Epstein killed himself is crumbling

Once hailed as a prototype for a new kind of federal jail and the most secure in the country, New York's Metropolitan Correctional Center has become a blighted wreck.

Fallen tech star Elizabeth Holmes prepares to go on trial

Jury selection in the fraud trial of Theranos founder Elizabeth Holmes began Tuesday, casting a spotlight on the fallen Silicon Valley star now facing felony charges alleging she duped elite financial backers, customers and patients into believing that her startup was about to revolutionize medicine.

US closing troubled NYC jail where Epstein killed himself

The U.S. government says it is shutting down an embattled federal jail in New York City after a slew of problems that came to light following Jeffrey Epstein’s suicide there two years ago.

EXPLAINER: How could the indictment hurt Trump's company?

The criminal tax fraud charges unsealed Thursday against Donald Trump’s company are a blow to a business already reeling from canceled deals following the insurrection at the U.S. Capitol and the impact of the coronavirus pandemic on its hotels and clubs.

EXPLAINER: Why and when are companies criminally charged?

Lawyers representing former president Donald Trump's company say they believe the Manhattan district attorney plans to ask a grand jury to indict the Trump Organization in an investigation that involves fringe benefits paid to employees.

Even after Madoff's death, work to unwind epic fraud goes on

Days after Bernard Madoff confessed to the biggest Ponzi scheme in Wall Street history, a judge hired a trustee to sift through the con man’s books and see how much money he could salvage for victims of the fraud.

EXPLAINER: Charmed by Madoff, SEC later tightened its rules

Until Bernie Madoff’s scheme came crashing down and the biggest Ponzi scheme in Wall Street’s history came to light, he appeared as a charming wizard with a Midas touch.

Ponzi schemer Bernie Madoff dies in federal prison

Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, has died in prison.

Manhattan courthouses adapt to COVID so trials can return

Castel, who presided over the first two pandemic-era jury trials in the fall, said COVID-19 protocols have become routine. AdThat’s important because some of the nation’s oldest judges are among the 70 or so who sit in the two courthouses. AdOnly nine jury trials were conducted in the fall, but there have been seven since mid-February, including four underway this week. At the Manhattan courthouses, some jurors are rescheduled if they don’t want to attend a trial in person. You forget to sanitize your hands.”AdU.S. District Judge P. Kevin Castel, who presided over the first two pandemic-era jury trials in the fall, said protocols do become routine, eventually.

Mets GM Van Wagenen, others out as Cohen takes over team

Special assistant to the general manager Omar Minaya, assistant general managers Allard Baird and Adam Guttridge and executive director of player development Jared Banner also departed. He hired former Mets general manager Sandy Alderson as team president in his first move and ended Jeff Wilpon's tenure as chief operating officer. and Van Wagenen fired manager Mickey Callaway and replaced him with Carlos Beltrán. It is a record price for a baseball team, topping the $2 billion sale of the Los Angeles Dodgers from Frank McCourt to Guggenheim Baseball Management in 2012. “I hope that your energy, competitiveness and resources will be welcomed by Major League Baseball,” Van Wagenen said.

Innocent Madoff investors must pay back profits, court rules

NEW YORK – Investors who profited from Bernard Madoff’s massive Ponzi scheme even though they knew nothing of it must still pay back their profits, an appeals court decided Thursday. Thousands of investors lost billions of dollars through his multi-decade fraud. A three-judge panel of the 2nd Circuit concluded, however, that the investors were not entitled to “fictitious” profits that actually was money belonging to other customers. Picard has reported recovering over $14.3 billion for investors who lost over $17.5 billion that they invested. The collapse of the Ponzi scheme left many investors severely damaged financially because they were told their investments had grown much larger than what they started with.

Billionaire hedge fund manager Cohen agrees to buy Mets

FILE - In this Sept. 9, 2020, file photo, Citi Field is viewed at dusk before a baseball game between the New York Mets and the Baltimore Orioles in New York. Billionaire hedge fund manager Steve Cohen has agreed to purchase the Mets from the Wilpon family. (AP Photo/Kathy Willens, File)NEW YORK – Billionaire hedge fund manager Steve Cohen has agreed to buy the New York Mets from the Wilpon and Katz families. Cohen also entered negotiations to buy the Mets last year, but the deal fell apart in February. The limited partnership shares were sold after a proposed $200 million sale of a stake of the Mets to hedge fund manager David Einhorn fell through in 2011.

Judge rejects Ponzi king Madoff's bid for early release

Even at the end, he was trying to send more millions of his ill-gotten gains to family members, friends, and certain employees," Chin wrote. Attorney Brandon Sample, representing Madoff, said in a statement he was disappointed with the ruling. We implore the President to personally consider Madoffs rapidly declining health," Sample said. Prison authorities had determined Madoff was likely to die within 18 months of kidney disease. Prosecutors opposed the request, saying 500 victims opposed early release and only 20 letters were written by victims in support of release.

Supreme Court declines to take Bernard Madoff trustee case

WASHINGTON The Supreme Court is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors. The high court on Monday declined to get involved in the case. An appeals court said the trustee, Irving Picard, could go after money that went through foreign investment funds back to foreign investors. Madoff pleaded guilty in 2009 to orchestrating the largest Ponzi scheme in history. The court-appointed trustee has recovered approximately $14 billion of about $18 billion that investors put into Madoffs business.

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