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. >> in the first interview since bernie madoff's arrest, his wife ruth... >> i trusted him. >> and son andrew... >> that's who i am. my name is madoff. and i'll live with that for the rest of my life. >> speak out about crime, guilt, suicide... >> mr. madoff, what do you have to say for yourself? >> and the day bernie admitted to committing the largest financial fraud in history. >> and he said, "i have a confession to make. i've been running a ponzi scheme." [ticking] >> do you think you could pull off this scam today? >> given the same security measures? >> yep. >> easily. piece of cake. >> sam eshaghoff's scam was getting paid thousands of dollars to take the s.a.t. test for other students. he did it at least 16 times, scoring in the 97th percentile of the country. >> i would call him an academic gun for hire. that's what he was. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we examine two very different kinds of fraud. bernie madoff's wife and surviving son break their silence about wall street's most infamous criminal. and later, we visit a high school con man who fig
. >> in the first interview since bernie madoff's arrest, his wife ruth... >> i trusted him. >> and son andrew... >> that's who i am. my name is madoff. and i'll live with that for the rest of my life. >> speak out about crime, guilt, suicide... >> mr. madoff, what do you have to say for yourself? >> and the day bernie admitted to committing the largest financial fraud in history. >> and he said, "i have a confession to make. i've been...
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. >> in the first interview since bernie madoff's arrest, his wife ruth... >> i trusted him. >> and son andrewoff. and i'll live with that for the rest of my life. >> speak out about crime, guilt, suicide... >> mr. madoff, what do you have to say for yourself? >> and the day bernie admitted to committing the largest financial fraud in history. >> and he said, "i have a confession to make. i've been running a ponzi scheme." [ticking]
. >> in the first interview since bernie madoff's arrest, his wife ruth... >> i trusted him. >> and son andrewoff. and i'll live with that for the rest of my life. >> speak out about crime, guilt, suicide... >> mr. madoff, what do you have to say for yourself? >> and the day bernie admitted to committing the largest financial fraud in history. >> and he said, "i have a confession to make. i've been running a ponzi scheme." [ticking]
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madoff. some would call this a shakedown. all rise, andrew napitano is here. >> happy new year. authorities, they put in a report of suspicious activity to the british authorities but not to the american authorities. that's why the authorities here are saying, you should have warned us. and if you didn't, we're going to fine you. >> and j.p. morgan typical of jamie dimon is caving and giving the federal government $2 billion. is the money going to victim's madoff's who severely need it. no, it's going to the treasury. stuart: i heard that 1.5 billion, reported, that is going to the justice department. >> that's the treasury. and the justice department doesn't have the bank account. charles: what about the victims? >> the government doesn't care. the government cares about fleecing money from fat cats. charles: i think that people should understand. it's not just this, but every time you hear raise taxes, do this, let's accumulate late money, the government. it puts it through the machine and the victims of bernie madoff is not getting the money. >> charles is 100%. the victims o
madoff. some would call this a shakedown. all rise, andrew napitano is here. >> happy new year. authorities, they put in a report of suspicious activity to the british authorities but not to the american authorities. that's why the authorities here are saying, you should have warned us. and if you didn't, we're going to fine you. >> and j.p. morgan typical of jamie dimon is caving and giving the federal government $2 billion. is the money going to victim's madoff's who severely need...
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andrew freedman of climate central. we thank you. >> thank you. >> woodruff: j.p. morgan chase agreed today to pay more than $2 and a-half billion dollars to settle criminal charges in the bernie madoffud. bank ignored warning signs that federal authorities charged the bank ignored warning signs that madoff was running a huge ponzi scheme. we'll get full details right after the news summary. on wall street today, stocks finally had the first "up" day of the new year. the dow jones industrial average gained more than 105 points to close at almost 16,531. the nasdaq rose 39 points to close at 4,153. a bill to restore long-term unemployment benefits took its first step forward in the senate today. half a dozen republicans joined democrats to begin formal debate. republicans also called for spending cuts to pay for the bill. we'll have a full report on today's action later in the program. in iraq, the government claimed it struck a key blow at al qaeda militants holding two cities. the military said this video showed an air strike on an operations center just outside ramadi. it said 25 fighters died in the attack. the militants seized ramadi and fallujah last week when government troops
andrew freedman of climate central. we thank you. >> thank you. >> woodruff: j.p. morgan chase agreed today to pay more than $2 and a-half billion dollars to settle criminal charges in the bernie madoffud. bank ignored warning signs that federal authorities charged the bank ignored warning signs that madoff was running a huge ponzi scheme. we'll get full details right after the news summary. on wall street today, stocks finally had the first "up" day of the new year. the...