investigated bernie madoff six times but didn't stop >> ber >> bernie madoff could never have gottene got away with here in the u.s. >> >> america's complex laws only pretend to stop fraud. remember the solution after the enron scandal? >> with the tough new law we will act against those who have shaken confidence in our m >> tha >> that gave us a law called sur veins oxley which cox americans billions in paperwork but didn't prevent madoff's fraud or the next bubble. >> the economy in crisis. big banks in a death spiral. >> banks made bad decisions. it makes sense that you should have a rule to stop that. >> no. >> but what about that cayman building? doesn doesn't it suggest tax fraud? thousands of companies are registered here. >> it has nothing to do with in in delaware there's buildings that have ten times or a hundred times as many registered com >> >> it's true. companies register themselves in delaware because delaware has simpler rules. i wubs started a business there, and in just one week -- fox t-shirts? fax hats? -- i could have registered my stand even faster in the >> w

his brother bernie madoff is serving 150 years behind bars. >>> get this. a tiger and a hyena are missing in the country of georgia. the prime minister is urging people to be careful. it's in the wake of massive floods that crippled the area last weekend. a spokeswoman for the zoo says it's unclear whether the animals are running free or drowned in flood waters. yesterday authorities killed a different escaped tiger that injured a man and killed another. >> it was necessary, unfortunately, to shoot animals because they could harm people. >> officials say there has been several false alarms but no sightings of their tiger or hyena. about half of the zoo's 600 animals either drowned or escaped. >>> the search continues today for a missing 2-year-old who was swept away by flood waters in oklahoma last night. >> for the very latest, here's the weather channel's rob blome. >> reporter: in ardmore, oklahoma a desperate search continues. it was almost 18 hours ago when a 2-year-old boy was ripped out of the arms of his father by rushing waters. normally hickory cr

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. >>> the court turned down an appeal by victims of bernie madoff's ponzi scheme.n appeals court last year ruled $4 billion was actually off limits because it was withdrawn two years before madoff's firm collapsed. there are new concerns about the readiness of u.s. trained forces in afghanistan. an attack on the afghan parliament today left five people dead along with seven gunmen. taliban fighters tried to storm parliament compound but were pushed back by security forces. jennifer glasse has more. >> the parliament session was just getting underway when this happened. there is confusion. it's just an electrical problem says the speaker as mps flee from the chamber but it was a taliban suicide bomb going off outside the gates leaving cars in flames. other fighters took up position he in a building across the street, firing on the entrance to the parliament. police and special force he quickly arrived to move the mps and senators from the building and fight the attackers while people looked on. taliban attacks aren't limited to the capital. in kunduz in northern afg

it's bernie madoff's coat." >> yeah, that's right. the quilting. was like, "oh this is something now this you don't get every day, an actual conversation with these two guys." >> well actually, larry and i see each other pretty often. >> seth: now did you -- he did a play. he did a broadway show, which i think when i talked about him, he said he immediately regretted it, having to be onstage every night. >> yeah. >> seth: i think he was wonderful in it. >> yeah. >> seth: it did great. but did you give him any advice being one of the two of you that have spent so much more time performing in front of people? >> i never did anything like that. i mean that, eight shows a week, you know, stand-up i'll do five, six shows a week if i'm working a lot. but eight shows a week, that's animal. that's animal work. i couldn't do that. >> seth: this was exciting as well. i saw you at the hulu up front. "seinfeld" is going to be on hulu now. >> yeah. >> seth: they bought all of the episodes. >> right. >> seth: and they're going to stream them for the next five ye

scarlet: the supreme court will trusteesan appeal from of over the appeal form bernie madoff ponzi scheme. more supreme court news coming up later this hour. jesse jackson junior has been released from halfway house in baltimore. the son of the reverend jesse jackson has lived there since his release from an alabama federal prison in march. he was serving a 30 month sentence for spending 700 $50,000 in campaign money on personal items. scarlet: for better or for worse, but does that include gunfire? weddingle's justut short when a discharged his weapon, grazing a woman in the head and the reception was canceled for safety reasons. greece, some lawmakers are optimistic a deal could be reached this week. we are seeing that in the markets now. hans nichols joins us now. what is the latest? >> the latest, leaders are in their meeting this evening. no one expects a long or substantive meeting because we still need to have these documents that were submitted, this proposal have a cost figure put to them. there is a great deal of optimism. one question looming over this entire summit is can toda

>> this is a ponzi scheme that would make bernie madoff proud. >> behind closed doors, hid from the peopleo you can't. >> this should not be passed by anyone unless they eat it. >> touche. >> the bill is passed. [ cheers and applause ] >> ladies and gentlemen, the president of the united states of america, barack obama. [ applause ] ♪ >> history will be made at the supreme court as the nine justices weigh in on the significant achievement of barack obama's presidency. >> five justices of the supreme court agree it is constitutional because it is a tax. >> obamacare is an absolute disaster. ♪ >> texas senator ted cruz versus the world. >> we should fund every bit of the government every aspect of the government except for obamacare. >> cruz's strategy, defunding obamacare. >> now a lot of folks have been talking about our new health care enrollment website. >> let's face it, we have a problem. the website hasn't worked the way it's supposed to. >> how it has been crashing freezing, shutting down breaking and sucking. >> the setbacks i remember clearly. >> today in a landmark 6-3 decision th

and they had an illustration on the cover of that issue of sort of a cross between bernie madoff and warren buffett. they have come out now and they have apologized. i want to read what they say here. they say and this is "cio magazine" to the extent we may have unintentionally led our readers to believe that bowen haynes and its principals were similar to madoff or engaged in illegal or fraudulent conduct, we apologize. they also said and they did make a correction in another part of the article for something they stated in terms of your compliance. what's your reaction to it? because you did obviously take issue to it. the time that i raised it. >> we did i mean we really thought it was such an acute misrepresentation of our firm, both from a professional and historical standpoint. we did retain legal counsel and were poised to file a libel lawsuit which was only prevented by their retraction, correction and apology. i'm not exactly sure what was behind it i know this, the tampa investment model with the emphasis on one manager and low fees, and the core approach has increasingly b

lead in the 20th century thanks to a man named bernie madoff the scheme was reborn in 2008 bernie madoff went to jail for the rest of his life. i suspect, don't know but i suspect that ponzi's name might have been in the newspaper more in 2008 than it was in 1920. most of us think the ponzi scheme is a kind of chain letter but it is in its original form not that at all. is more complicated than that and involves postal rates in different countries, in different parts of the world. i don't understand it completely and i wrote about it in a book. so if you buy the book and come to that section, you may be assured the what i wrote is true. it is just that you will be confused too. bernie madoff's version of the ponzi scheme lasted almost a decade. charles ponzi didn't even last year. earned the in 1920 he was a small-time hoodlum trying to impress his mom who he loved dearly. his battalion mom back home, he wrote letters saying he was doing so well in america he was doing better, becoming more successful wall time figuratively the streets here really were paved with gold if you knew what st

if you were a customer of bernie madoff and you had taken money out.were looking to get the deposits back from you in order to help pay the people who lost money. a lower court are ruling has now said that they cannot go after people who had already taken their money out of those related accounts. a big ruling here. what this could do carl is hamper the recovery of any kind of other assets that people have already gotten out of these accounts to pay other people who had lost money. a slightly complicated twist but it means the trustee cannot go after as many as of the legally gotten profits as they thought they could have. >> oil has settled back just a touch. jackie is with us. >> good morning. that's right. under pressure this morning we are going to have futures expire later this afternoon. so we're looking at the july price right now. $59.22. august is trading at $59.57. a little bit of a stronger dollar having an impact here but i want to focus on the fact that the spread between wti and brent is tightening roughly about $3. that tells us that dom

have an exclusive first look at award-winning actors richard dreyfuss and blythe danner playing bernie madoffies inspired by the book that was written by brian ross. >> nice. >> brian, we're very proud of you. the series currently in production will lift the lid on the couple's secret world all funded by what's considered to be the largest financial fraud in u.s. history. and madoff airs later this year on abc. >> brian couldn't cast you? no power. >> as mrs. madoff or mr. madoff? >> i guess. >> the musical. you know -- >> where are you going with that. >> apparently nowhere. >> many a proposal here on "good morning america." this one really warmed our hearts. usually it's all about the bride on her wedding day, not chill so chelsea's. they help share the love with a twist. the bride pretended to throw it then she turned it around handed it to her cousin megan. she looks confused for a second until longtime boyfriend takes over. forget friday fail. this is a friday feel good. he asked, she said yes and we say, congrats to the happy couple. >> congrats -- >> what a selfless bride. >> congrats

and -- william seale: bernie madoff yeah.nfilippo: he ended up -- grant lost just about everything. susan swain: well, this is a similar question on twitter. "how is it that grant lost all his estates and money? was it due to his drinking? was he a gambler? was he financially irresponsible?" william seale: no. susan swain: so, you'd say no no, no to all that? pamela sanfilippo: correct. no -- william seale: he wasn't a man probably who concentrated on finance, like people who make money do. i don't think that was the first thing in his life ever. he would like to have had money -- a lot of money, but i think other things interested him. susan swain: was he bad judge of character? pamela sanfilippo: well, he talks about when this financial failure happens with ferdinand ward where ward comes to ulysses jr., and then to grant himself and says, you know, "the bank is in a little bit of a financial strait. can you borrow some money? and we just need to get through the next few days." and grant accepts that. borrows $150,000 from