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also tonight, the stigma of madoff. we'll talk exclusively with former employee whose had nothing to do with his fraud but say their years have been badly damaged. >>, you know, i lost my job. i lost my livelihood. >> mitchell: a final farewell to elizabeth edwards. in north carolina, hundred of family and friends pay tribute to her courage and fortitude. and charged up it's first all-electric nissan leaf is delivered to its owner but will it convince consumers it can go the distance? captioning sponsored by cbs this is the "cbs evening news" with russ mitchell. >> mitchell: good evening, he was once considered a prince of wall street who lived large and was admired by his colleagues. but tonight, 46-year-old mark madoff, the oldest son of jailed financial swindler bernard madoff, is dead of an apparent suicide. it came on the anniversary the day the madoff scandal was first revealed. armen keteyian has more. >> reporter: on the second anniversary of his father's arrest, bernie madoff's oldest son was found dead early t
also tonight, the stigma of madoff. we'll talk exclusively with former employee whose had nothing to do with his fraud but say their years have been badly damaged. >>, you know, i lost my job. i lost my livelihood. >> mitchell: a final farewell to elizabeth edwards. in north carolina, hundred of family and friends pay tribute to her courage and fortitude. and charged up it's first all-electric nissan leaf is delivered to its owner but will it convince consumers it can go the...
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. >>> "nbc nightew >>> madoff's suicide. what drove bernie madoff's son to take his own life two years after turning his father in. >>> saying good-bye to elizabeth edwards. friends and family remember. >> she was always a source of strength, a source of wisdom, a source of grace. >>> snowed in. a fierce blast of winter and where it's headed next. >>> and child's play. are parents pushing their kids into sports too hard and too soon? captions paid for by nbc-universal television >>> good evening. another stunning and dark chapter to the bernie madoff saga was written today when the oldest son of the disgraced financier who first alerted police to his father's multibillion dollar ponzi scheme committed suicide. the body of mark madoff was found in his new york city apartment this morning exactly two years after his father was arrested in a massive swindle, one that upended the live of thousands of investors and costing them tens of billions of dollars. cnbc's scott cohn has been covering this story. he joins us tonight here i
. >>> "nbc nightew >>> madoff's suicide. what drove bernie madoff's son to take his own life two years after turning his father in. >>> saying good-bye to elizabeth edwards. friends and family remember. >> she was always a source of strength, a source of wisdom, a source of grace. >>> snowed in. a fierce blast of winter and where it's headed next. >>> and child's play. are parents pushing their kids into sports too hard and too soon?...
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madoff's 2-year-old son sleeping in the next room. >> mark madoff was found hanging from a pipe in the living room of the apartment. >> reporter: madoff and his younger brother andrew turned their father in to authorities after he confessed but the sons were never able it to escape suspicion they, too, were in on the scam. which they denied. a year ago the bankruptcy trusty in the case sued demanding mark madoff return $67 million in illegal payment to the victims, saying madoff knew, should have known about or deliberately disregarded the fraud. then just days ago the trustee filed another suit, naming had may daughter's wife, ex-wife and their two children. while mark madoff was never charged with criminal wrongdoing speculation continued to grow, including a wall street journal article posted on-line friday night. overnight madoff began sending e-mails to his wife who was vacationing with their 4-year-old daughter in florida saying he loved her and asking her to take care of the children. the last e-mail came around 4:00 a.m. ronny sioux who with her husband lost $1.7 million in the
madoff's 2-year-old son sleeping in the next room. >> mark madoff was found hanging from a pipe in the living room of the apartment. >> reporter: madoff and his younger brother andrew turned their father in to authorities after he confessed but the sons were never able it to escape suspicion they, too, were in on the scam. which they denied. a year ago the bankruptcy trusty in the case sued demanding mark madoff return $67 million in illegal payment to the victims, saying madoff...
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. >> bernie madoff's son falls to enormous pressure. the erie sign to his life that made her believe something was terribly wrong. >>> saying goodbye to elizabeth edwards. somehow she was remembered today at her funeral. >>> a day of extremes, at least when it comes to weather. it was sunny and warm, in the inland areas, and now chilly and some fog in other communities. and that fog is only expected to get worse. how much worse? i will have answers coming up in your pinpoint forecast. >>> authorities in southern california say the house they burned down in a controlled fire on thursday is free of danger. the sheriff's bomb and arson unit sifted through the ashes and debris yesterday. the escondido rental home contained the largest cache of homemade explosives found in the u.s. and the officials say burning it down was the safest option. >>> mark madoff committed suicide today and his lawyer says bernie madoff's 46-year- old son is the latest victim of his father's monstrous crime and it happened on the second anniversary of the day his
. >> bernie madoff's son falls to enormous pressure. the erie sign to his life that made her believe something was terribly wrong. >>> saying goodbye to elizabeth edwards. somehow she was remembered today at her funeral. >>> a day of extremes, at least when it comes to weather. it was sunny and warm, in the inland areas, and now chilly and some fog in other communities. and that fog is only expected to get worse. how much worse? i will have answers coming up in your...
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madoff confessed to his sons. after that, both for legal reasons and for obvious reasons there's been no contact. >> good to have you here. thank you very much. now here's jenna. >>> all right, lester. thanks. now we switch gears to politics and the big week ahead for president obama in the fight over tax cuts. david gregory is the moderator of "meet the press." he joins us this morning. hey, david. >> good morning, jenna. >> let's get to the proposed tax package. the senate is expected to vote tomorrow. the house says they are not ready to vote. might the house miss an opportunity to get what they want before? >> well, the house democrats that i speak to in leadership say they are really going to attempt to try to change the deal somewhat and the big -- the poison pill for a lot of house democrats is the revisions being made on the estate tax that they think are patently unfair. nancy pelosi and others will try to introduce amendments. how much the bill will change, whether it will go back to the senate in a diff
madoff confessed to his sons. after that, both for legal reasons and for obvious reasons there's been no contact. >> good to have you here. thank you very much. now here's jenna. >>> all right, lester. thanks. now we switch gears to politics and the big week ahead for president obama in the fight over tax cuts. david gregory is the moderator of "meet the press." he joins us this morning. hey, david. >> good morning, jenna. >> let's get to the proposed tax...
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. >>> the death of mark madoff officially ruled a suicide, the son of ponzi scheme operator bernard madoff hanged himself. his body was discovered saturday, the second anniversary of his father's arrest and the worst investment fraud in u.s. history. manuel gallegus reports. >> reporter: mark madoff could never shake so many people's suspicion he must have been involved or at least known about his father's elaborate ponzi scheme. the medical examiner confirmed the 46-year-old did take his own life. madoff's father-in-law discovered him hanging from a dog leash in his posh apartment as his 2-year-old son slept in another room and his wife was away at disney world with their daughter. a lawyer for his mother, ruth, said simply, ruth is heartbroken. there's been no public reaction from bernie madoff, currently serving a 150-year sentence in a federal prison in north carolina. >> i have no comment. i'm sorry, i can't help you. >> reporter: since the scandal broke, the pressure has not let up on mark or his brother, andrew who ran the firm's
. >>> the death of mark madoff officially ruled a suicide, the son of ponzi scheme operator bernard madoff hanged himself. his body was discovered saturday, the second anniversary of his father's arrest and the worst investment fraud in u.s. history. manuel gallegus reports. >> reporter: mark madoff could never shake so many people's suspicion he must have been involved or at least known about his father's elaborate ponzi scheme. the medical examiner confirmed the 46-year-old did...
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bernard madoff is serving a 150-year prison sentence. his lawyer says he will not seek to attend his son's funeral out of respect for the privacy of his family. it's not likely he will be welcome in any case. bill. >> brian ross, thanks. here's what's on tap with jimmy kimmel. >> thanks, bill. tonight, rachael ray. from "tron legacy," garrett hedlund. music from darker my love. and these guys. >>> finally tonight, the country has lost one of its most steadfast public servants, richard holbrooke. the negotiator of the dayton peace accords and president obama's special envoy to pakistan and afghanistan, died of heart failure today at age 69. with a lack ook at his legacy, here's "this week's" christiane amanpour. >> reporter: the ranks of the great diplomats when he brokered the dayton peace accords that ended bitter ethnic war in bosnia. holbrooke's death comes just days before the obama administration rolls out its review of the war in afghanistan. a war that holbrooke w
bernard madoff is serving a 150-year prison sentence. his lawyer says he will not seek to attend his son's funeral out of respect for the privacy of his family. it's not likely he will be welcome in any case. bill. >> brian ross, thanks. here's what's on tap with jimmy kimmel. >> thanks, bill. tonight, rachael ray. from "tron legacy," garrett hedlund. music from darker my love. and these guys. >>> finally tonight, the country has lost one of its most steadfast...
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>>> tonight on "world news," madoff windfall. one widow returns billions for the victims. >>> your taxes. with the stroke of a pen, the tax cut bill is law. so, what is new for you tonight? >>> angry assange. what our reporter asked the wikileaks founder that made him storm out of the interview. >>> and, garth gives back. the forgotten homeless of the floods in tennessee. someone is bringing him a song, and he's our "person of the week." >>> good evening. most of us thought no one would ever find bernie madoff's money from that massive ponzi scheme. but today, a motherload. the largest pay back in american history. more than $7 billion being returned. and who is giving it back? a widow whose late husband made more money with madoff than anyone else. and brian voss here to tell us about it tonight. >> reporter: diane, his name was jeffrey picower, the single largest winner of all of madoff's clients, taking $7.2 billion over the last 35 years. but lawyers involved in the case say picower was more likely madoff's secret partner for
>>> tonight on "world news," madoff windfall. one widow returns billions for the victims. >>> your taxes. with the stroke of a pen, the tax cut bill is law. so, what is new for you tonight? >>> angry assange. what our reporter asked the wikileaks founder that made him storm out of the interview. >>> and, garth gives back. the forgotten homeless of the floods in tennessee. someone is bringing him a song, and he's our "person of the week."...
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. >> bernie madoff's son fell to pressure. the early sign that made his wife believe that there was something wrong. >>> the first of its kind in the world. a bay area man gets the key now to new nissan. >> if you have plans to be out and about tonight, be careful, drive slowly a dense fog warning is in effect for the bay area. robert is in for lawrence kyle. >> good evening, ann. that is exactly right. visibility is expected to be less than a half a mile. so the national weather service has issued a dense fog advisory. as we take a live look at the approach of the golden gate bridge, you can see that the fog is already beginning to envelope the coastline and it is quickly moving in towards the communities along san francisco bay. but this fog will be pretty insidious as we take a look. it is expected to move into the valleys, into north bay, the south bay and the east bay. and it is expected that this fog is going to last at least through 9 a.m. and with that much fog out there, it also means poor air quality. and that is sig
. >> bernie madoff's son fell to pressure. the early sign that made his wife believe that there was something wrong. >>> the first of its kind in the world. a bay area man gets the key now to new nissan. >> if you have plans to be out and about tonight, be careful, drive slowly a dense fog warning is in effect for the bay area. robert is in for lawrence kyle. >> good evening, ann. that is exactly right. visibility is expected to be less than a half a mile. so the...
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bernard madoff is serving a 150-year prison sentence. his lawyer says he will not seek to attend his son's funeral out of respect for the privacy of his family. it's not likely he will be welcome in any case. bill. >> brian ross, thanks. here's what's on tap with jimmy kimmel. >> thanks, bill. tonight, rachael ray. from "tron legacy," garrett hedlund. music from darker my love. and these guys. ♪ i'm gonna get it, i know i'm gonna get it. ♪ ♪ i can't wait ♪ every little step, brings me closer to the gift. can't be late. ♪ ♪ rip it open in a second and it's time to play. ♪ ♪ i was up all night in anticipation feeling electric jewels of jubilation. ♪ ♪ yule tide carols from the local congregation. ♪ ♪ make it tough to hold my patience in check. ♪ ♪ is it time yet, is it time, i can't wait. ♪ ♪ is it time yet, is it time, i can't wait. ♪ >>> finally tonight, the country has lost one of its most steadfast public servants, richard holbrooke. the negotiator of the dayton peace accords and president obama's special envoy to pakistan and afghanis
bernard madoff is serving a 150-year prison sentence. his lawyer says he will not seek to attend his son's funeral out of respect for the privacy of his family. it's not likely he will be welcome in any case. bill. >> brian ross, thanks. here's what's on tap with jimmy kimmel. >> thanks, bill. tonight, rachael ray. from "tron legacy," garrett hedlund. music from darker my love. and these guys. ♪ i'm gonna get it, i know i'm gonna get it. ♪ ♪ i can't wait ♪ every...
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. >>> the madoff suicide. we have new details on what may have led bernie madoff's son to kill himself. and why madoff's 2-year-old grandson might now be liable for repaying the scam victims. >>> desperate measures. it has come to this. cash strapped cities now charging accident victims who need help. this woman was billed $1,500. they're calling it the crash tax. >>> and, the fur is flying. the american invader that has even the british royals up in arms. this is a fight to the finish. >>> good evening. people in the midwest are, of course, used to punishing snowstorms, but it has been a long time since they've endured anything like this. this is an epic blizzard, dumping a foot and a half of snow across the upper midwest, paralyzing travel, even bringing down the roof of the metrodome in minneapolis. check this out. unbelievable to watch. and now, this entire mess is heading east. the weather warnings and watches stretching from wisconsin to new york tonight. and right behind that storm, dangerously cold air
. >>> the madoff suicide. we have new details on what may have led bernie madoff's son to kill himself. and why madoff's 2-year-old grandson might now be liable for repaying the scam victims. >>> desperate measures. it has come to this. cash strapped cities now charging accident victims who need help. this woman was billed $1,500. they're calling it the crash tax. >>> and, the fur is flying. the american invader that has even the british royals up in arms. this is a...
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a widow whose late husband made more money with madoff than anyone else. and brian ross is here to tell us about it tonight. brian? >> reporter: diane, his name was jeffrey picower, the single largest winner of all of madoff's clients, taking $7.2 billion over the last 35 years. but lawyers involved in the case say picower was more likely madoff's secret partner for decades. he made more money from the scheme than madoff himself, and might have faced prosecution without his death last year. the news from new york was quite the christmas present for madoff's victims today. the fbi, the irs and the top federal prosecutor announced that jeffrey picower's widow had agreed to turn over all the money her husband ever got from madoff. >> because barbara picower has done the right thing, $7.2 billion more will be available to pay off madoff's many victims. >> 911, where is your emergency? >> reporter: picower drowned at his palm beach mansion in october last year, despite the frantic efforts of his wife. >> he must have collapsed to the bottom. >> where are you at
a widow whose late husband made more money with madoff than anyone else. and brian ross is here to tell us about it tonight. brian? >> reporter: diane, his name was jeffrey picower, the single largest winner of all of madoff's clients, taking $7.2 billion over the last 35 years. but lawyers involved in the case say picower was more likely madoff's secret partner for decades. he made more money from the scheme than madoff himself, and might have faced prosecution without his death last...
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mark madoff was never charged with a crime, and a source says madoff was given no indication he everould be. his involvement in his father's business raised suspicion and so did his lavish lifestyle. he allegedly received nearly $67 million in improper payments, astronomical compensation according to the trustee allowing madoff to pch homes in nantucket t-manhattan and greenich, connecticut. victims say mark madoff's death compounds their own tragedy. >> any deepest sympathies to the family, and i'm really, really sad about that. it's really sad that that's what it takes for this to come back to the surface. >> mark madoff claimed all along he too was a victim, but others say even if he wasn't directly involved, he had to know something. >> he worked side by side with his father for many, many years. who knows what deep, dark secrets he carried around with him. >> reporter: if so, he will carry those secrets with him to the grave. scott koen, cnbc, new york. >>> selling pot is a growing industry, and it's all legal. [ laughter ] ♪ [ male announcer ] for tim and richard smucker, givin
mark madoff was never charged with a crime, and a source says madoff was given no indication he everould be. his involvement in his father's business raised suspicion and so did his lavish lifestyle. he allegedly received nearly $67 million in improper payments, astronomical compensation according to the trustee allowing madoff to pch homes in nantucket t-manhattan and greenich, connecticut. victims say mark madoff's death compounds their own tragedy. >> any deepest sympathies to the...
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police say mark madoff's father-in-law found the body and it was in madoff's manhattan apartment. his 2-year-old son was asleep in another room. >> mark madoff was found hanging from a pipe in the living room of the apartment. >> reporter: authorities say madoff had sent an e-mail to his wife in florida saying "take care of our son." his wife became concerned that he was suicidal. >> mr. madoff's father-in-law was called by mr. madoff's wife to check on the 2-year-old who was there, and the 2-year-old was fine. >> reporter: it was a tragedy of shakespearean dimensions. mark, who was more interested in fly-fishing than wall street, had only reluctantly entered his father's business. he had denied any knowledge of the criminal scheme but he was being sued for millions and in the last week learned he might face possible criminal prosecution in both new york and london. >> when someone takes his or her life, there's great despair, emptiness. there's absolutely no future thinking. >> reporter: in recent days, neighbors said mark madoff appeared particularly sad as the anniversary of hi
police say mark madoff's father-in-law found the body and it was in madoff's manhattan apartment. his 2-year-old son was asleep in another room. >> mark madoff was found hanging from a pipe in the living room of the apartment. >> reporter: authorities say madoff had sent an e-mail to his wife in florida saying "take care of our son." his wife became concerned that he was suicidal. >> mr. madoff's father-in-law was called by mr. madoff's wife to check on the...
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a lawyer for his mother ruth madoff said simply ruth is heartbroken. there's been no public reaction from bernie madoff, who is currently serving a 150-year sentence in a federal prison in north carolina. >> i have no comment. i'm sorry. >> reporter: since the scandal broke, the pressure has not let up on mark or his brother andrew who ran the firm's trading division, which was separate from the division that oversaw the massive fraud. still in 2009, the court-appointed trustee in the case filed a civil suit against both brothers, trying to recover money from the victims. the lawsuit accused mark madoff of using $66 million he received from the firm to buy lavish properties in nantucket and connecticut. author andrew kurtzman says it was a long fall for an outgoing man who at one time seemed to have it all. >> he couldn't land a job. his wife had to change the last name of the children and of herself because the madoff name was radioactive. >> reporter: some victims say mark madoff's death may make it even tougher to find answers in the fraud investiga
a lawyer for his mother ruth madoff said simply ruth is heartbroken. there's been no public reaction from bernie madoff, who is currently serving a 150-year sentence in a federal prison in north carolina. >> i have no comment. i'm sorry. >> reporter: since the scandal broke, the pressure has not let up on mark or his brother andrew who ran the firm's trading division, which was separate from the division that oversaw the massive fraud. still in 2009, the court-appointed trustee in...
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and this was a guy who apparently was looking at mark madoff saying, you know, this -- mark madoff isho knew or should have known about the fraud even though mark madoff made it pretty clear that in his view or at least his assertions were that he didn't know about the fraud. >> and what happens in the madoff case now? it goes on. >> yeah. there's every indication it's going to go on. this bankruptcy trustee is very aggressive. he filed a lot of lawsuits to try to recover money. one of those lawsuits actually names mark madoff. "the wall street journal" says the trustee claimed in a lawsuit that mark improperly received something like $66.9 million through his father's investment company. his attorney has denied it and said that's an absurd claim, pretty much. but the trustee is still going to try to get whatever money he can get for the people who were ripped off. >> and who else is -- there's a lot of folks getting sued. who else is getting sued here? >> you name it. there's family members, associates, accountants, banks, one austrian banker. people all over the world who have reall
and this was a guy who apparently was looking at mark madoff saying, you know, this -- mark madoff isho knew or should have known about the fraud even though mark madoff made it pretty clear that in his view or at least his assertions were that he didn't know about the fraud. >> and what happens in the madoff case now? it goes on. >> yeah. there's every indication it's going to go on. this bankruptcy trustee is very aggressive. he filed a lot of lawsuits to try to recover money. one...
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brian. >> reporter: diane, bernie madoff's lawyer said today madoff will not seek to attend the funeral of his son mark, and it's unlikely he would have been welcome in any case. despite his death, the legal proceedings against mark madoff continued today. they seek tens of millions of dollars from him and even from his children. the 46-year-old eldest son of madoff knew the legal process against him would drag on for years, ending his life of luxury and privilege. his father's former secretary said mark had been struggling with the stigma of being a madoff. >> it had to have been unrelenting, for him to go there and to feel that he had no way out. and to think that, you know, people would be better off without him here, because that's not true. >> reporter: just before he hung himself with a dog leash, madoff sent an e-mail to his wife in florida saying, "i love you, send someone to take care of nick," his 2-year-old son who was asleep in another room in the new york apartment. mark madoff's first love was fly-fishing, not wall street, and he was remembered today by friends on a facebo
brian. >> reporter: diane, bernie madoff's lawyer said today madoff will not seek to attend the funeral of his son mark, and it's unlikely he would have been welcome in any case. despite his death, the legal proceedings against mark madoff continued today. they seek tens of millions of dollars from him and even from his children. the 46-year-old eldest son of madoff knew the legal process against him would drag on for years, ending his life of luxury and privilege. his father's former...
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madoff's father-in-law was there, was called by mr. madoff's wife, to check on the two-year-old, who was there. the two-year-old was fine. he is in the back bedroom. >> reporter: prison officials in north carolina where beie madoff is serving his sentence declined to say whether he had been notified. he can request to attend his son's funeral but there's no promise it would be granted. mark madoff has been trying to build a new creek but as the second anniversary of his father's arrest approached, we're told he was not handling it very well. the medical examiner will won duct an autopsy on sunday. >> alan: friends, family and celebrities paid their last respects to elizabeth edwardss. ahead, the hundreds who attended her funeral. >>> first, pair of deadly explosions rock >> alan: two explosions in central stockholm have left one person dead and two others in the hospital. a car explode near a busy shopping area in the center of the city. shortly afterwards there was a second explosion up the street, killing one man. the car contained g
madoff's father-in-law was there, was called by mr. madoff's wife, to check on the two-year-old, who was there. the two-year-old was fine. he is in the back bedroom. >> reporter: prison officials in north carolina where beie madoff is serving his sentence declined to say whether he had been notified. he can request to attend his son's funeral but there's no promise it would be granted. mark madoff has been trying to build a new creek but as the second anniversary of his father's arrest...
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it's a fear many former madoff employees have had to face.en you heard the news about mark this weekend... >> it was devastating. >> reporter: clive brown, who drove for the madoff family for 12 years remembers bernie's first words when he was hired. >> he said "clive, you'll always have a job with us just as long as you don't steal." >> reporter: but when madoff's own ponzi scheme collapsed, brown isn't even get a severance. >> no, we did not get not a dime. >> reporter: it was just over? >> yeah, everything was finito. nothing. >> reporter: two years later, he still hasn't found a job. did you think it would take you this job? >> no, absolutely not. >> stop & shop, a & p. >> reporter: john kelley has also faced two years of rejections and e-mails like this. >> "we'll need substantial convincing as to why someone who worked with the worst of scoundrels should be given any consideration at all." >> reporter: do you feel like you've been blacklisted in effect? >> i think so. >> reporter: kelley earned $125,000 a year working on the trading des
it's a fear many former madoff employees have had to face.en you heard the news about mark this weekend... >> it was devastating. >> reporter: clive brown, who drove for the madoff family for 12 years remembers bernie's first words when he was hired. >> he said "clive, you'll always have a job with us just as long as you don't steal." >> reporter: but when madoff's own ponzi scheme collapsed, brown isn't even get a severance. >> no, we did not get not a...
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so sad, sleep tight mark, wrote a former madoff employee. by all accounts, his father placed his two sons in jobs that kept them away from what would turn out to be the illegal side of the family business. but the lawsuits filed against him alleged, "if the family members been doing their jobs, honestly and faithfully, the madoff ponzi scheme might never had succeeded or continued for so long." >> and he had to live for the last two years under the scrutiny and innuendos and people alluding to the fact that he should've known or had to know. well, you know what, he didn't. >> reporter: in fact, after his father confessed his crimes, it was mark madoff who turned in his father, ignoring his request mark wait a week before calling the fbi. the family turn torn apart, diane, shakespearean kind of tragedy. >> hard not to think about what his father is thinking tonight. thank you so much, brian ross. >>> still ahead on "world news" -- the business of college cheating in the 21st century. how future doctors, lawyers, even teachers get an edge toda
so sad, sleep tight mark, wrote a former madoff employee. by all accounts, his father placed his two sons in jobs that kept them away from what would turn out to be the illegal side of the family business. but the lawsuits filed against him alleged, "if the family members been doing their jobs, honestly and faithfully, the madoff ponzi scheme might never had succeeded or continued for so long." >> and he had to live for the last two years under the scrutiny and innuendos and...
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y madoff. i don't know if the press conference is still going on. it was moments ago when i came in here. i understand from my producer it just wrapped up. it announced the largest civil for give you are. it represents the proceeds of a bernie madoff investor who wasn't fleeced. he was one of the successful ones and became a target of the madoff victims' trustee. here is the word from the chief federal prosecutor from new york. >> a few minutes ago a manhattan federal judge approved a settlement agreement between my office and the estate of jeffrey picower represented by his widow, barbara picower. the agreement resolved a complaint we filed this morning seeking to recover the profits that the picowers received over the course of 35 years from bernard madoff, monies we now know were the proceeds of the largest ponzi scheme in all of history. >> $7.2 billion from one person's estate. jeffrey picower, he died october 25, 2009, just over a year ago. he was found dead in his pool by his wife. the coroner said it was a heart attack. his contribution mean
y madoff. i don't know if the press conference is still going on. it was moments ago when i came in here. i understand from my producer it just wrapped up. it announced the largest civil for give you are. it represents the proceeds of a bernie madoff investor who wasn't fleeced. he was one of the successful ones and became a target of the madoff victims' trustee. here is the word from the chief federal prosecutor from new york. >> a few minutes ago a manhattan federal judge approved a...
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Dec 13, 2010
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. >>> bernard madoff commits suicide. could the 2-year-old grandson be liable in the fraud. >>> did an nfl coach intentionally trip an opposing player? hi. chili's tonight? do i know you? yeah. your mother's brother went to summer camp with my uncle's friend's accountant. we're practically family. jason? who? my mom's brother's accountant. yeah. that guy is a maniac. okay. i love jason. isn't he a riot? chili's $20 dinner for two. all you need is somebody to go with. share one appetizer, choose two entrees. now with crispy fried shrimp. just $20 for two at chili's. her morning begins with arthritis pain. that's a coffee and two pills. the afternoon tour begins with more pain and more pills. the evening guests arrive. back to sore knees. back to more pills. the day is done but hang on... her doctor recommended aleve. just 2 pills can keep arthritis pain away all day with fewer pills than tylenol. this is lara who chose 2 aleve and fewer pills for a day free of pain. and get the all day pain relief of aleve in liquid gels.
. >>> bernard madoff commits suicide. could the 2-year-old grandson be liable in the fraud. >>> did an nfl coach intentionally trip an opposing player? hi. chili's tonight? do i know you? yeah. your mother's brother went to summer camp with my uncle's friend's accountant. we're practically family. jason? who? my mom's brother's accountant. yeah. that guy is a maniac. okay. i love jason. isn't he a riot? chili's $20 dinner for two. all you need is somebody to go with. share one...
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Dec 12, 2010
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madoff's wife to check on the 2-year-old who was there and the 2-year-old was fine. >> mark madoff was found hanging in his upscale soho apartment. his 2-year-old son was asleep in a nearby bedroom. >> an autopsy will determine the official cause of death. mark madoff was facing a criminal investigation and a slew of civil lawsuits related to his father's multibillion dollar ponzi scheme. but mark madoff's lawyer called him an innocent victim. the 72-year-old bernie madoff pleaded guilty and is serving a 150-year sentence at this north carolina prison. meanwhile, a trustee and an army of lawyers continued to track the money trail. trying to recover what they can for victims of a crime still taking a toll. brian mooar, nbc news. >>> a cross country search for a 12-year-old girl and the man who may have killed her mother ended in the bay area. four investigators from virginia arrived today in san francisco. the nationwide manhunt started in roanoke virginia last friday and ended in a safeway store in the outer richmond district of the city. the 32-year-old suspected kidnapper and possibl
madoff's wife to check on the 2-year-old who was there and the 2-year-old was fine. >> mark madoff was found hanging in his upscale soho apartment. his 2-year-old son was asleep in a nearby bedroom. >> an autopsy will determine the official cause of death. mark madoff was facing a criminal investigation and a slew of civil lawsuits related to his father's multibillion dollar ponzi scheme. but mark madoff's lawyer called him an innocent victim. the 72-year-old bernie madoff pleaded...
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Dec 12, 2010
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police found the body in madoff's manhattan apartment. his 2-year-old son in a different room. >> he was found hanging from a pipe in the living room. >> authorities said he sent an e-mail to his wife saying take care of our son. his wife became concerned that he was suicidal. >> mr. madoff's father-in-law was called to check on his 2-year-old, who was there, and he was fine. >> mark, who was more interested in fly fishing than wall street had only reluctantly entered his father's business. he denied any knowledge of the criminal scheme, but he was being sued for millions and learned in the last week he might face criminal prosecution in new york and london. >> when someone takes his or her life, there's great despair, emptiness, absolutely no future thinking. >> in recent days, neighbors said mark madoff appeared particularly sad as the anniversary of his father's arrest approached. his garage attendant said he gave him a large christmas bonus of $400 just two days ago. >> friday, he came, said good-bye, guys, and that's it. >> a salesma
police found the body in madoff's manhattan apartment. his 2-year-old son in a different room. >> he was found hanging from a pipe in the living room. >> authorities said he sent an e-mail to his wife saying take care of our son. his wife became concerned that he was suicidal. >> mr. madoff's father-in-law was called to check on his 2-year-old, who was there, and he was fine. >> mark, who was more interested in fly fishing than wall street had only reluctantly entered...
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madoff?adoff had little to say about such allegations. >> i have no comment. i'm sorry. >> reporter: his attorney called them baseless. mark madoff was never criminally charged and to date his knowledge or role in his father's life-long scheme remains decidedly unclear. what is not: he leaves behind four children from two marriages. >> $900,000, four million pounds i have. >> osgood: still to come, an auction strictly for the birds. ♪ crossing borders with ease ♪ ♪ clearing customs' a breeze ♪ ♪ that's logistics ♪ ♪ a-di-os, cheerio, au revoir ♪ ♪ off it goes, that's logistics ♪ ♪ over seas, over land, on the web, on demand ♪ ♪ that's logistics ♪ ♪ operations worldwide, ups on your side ♪ ♪ that's logistics ♪ it's your fault. naturally, blame the mucus. [ mucus ] what you need is new advil congestion relief. it reduces swelling due to nasal inflammation. so i can breathe. [ mucus ] new advil congestion relief. hi, may i help you? yes, i hear progressive has lots of discounts on car insurance.
madoff?adoff had little to say about such allegations. >> i have no comment. i'm sorry. >> reporter: his attorney called them baseless. mark madoff was never criminally charged and to date his knowledge or role in his father's life-long scheme remains decidedly unclear. what is not: he leaves behind four children from two marriages. >> $900,000, four million pounds i have. >> osgood: still to come, an auction strictly for the birds. ♪ crossing borders with ease ♪ ♪...
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Dec 14, 2010
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MSNBC
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take a look at the "new york post" madoff's final insult. he will not be attending the funeral of his son, mark, who committed suicide over the weekend. jeff rossen has the latest on all of this. it has really been a tragic twist to what is a tragic story for lots of people. >> yeah, it really has. bernie madoff apparently decided not to attend the funeral out of respect, he said, for his family. a fammy that has basically shub shuned him. his kids haven't spoken to him in years and bernie's wife, ruth, is furious with him and blames him for mark's suicide and now bernie madoff own grandkids may pay for his mistakes. at the madoff's connecticut estate, the family gathered monday, no comment as relatives came down the long, winding driveway. as they grieve mark's suicide, apparently depressed over the criminal investigation and lawsuits against him, his father, bernie madoff, has made a decision behind bars. he will not attend mark's funeral out of his consideration of his daughter' in-law and grandchildren's privacy. instead according to his
take a look at the "new york post" madoff's final insult. he will not be attending the funeral of his son, mark, who committed suicide over the weekend. jeff rossen has the latest on all of this. it has really been a tragic twist to what is a tragic story for lots of people. >> yeah, it really has. bernie madoff apparently decided not to attend the funeral out of respect, he said, for his family. a fammy that has basically shub shuned him. his kids haven't spoken to him in years...
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Dec 18, 2010
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today his family agreed to give billions back to madoff's victims. here's our chief investigative correspondent armen keteyian. >> what do you have to say to the public? to your investors? >> of all the investors tied to the epic fraud, philanthropist jeffrey picower may have been bernard madoff's single biggest beneficiary, reaping some $7 billion in profit over the years. >> so many assets if for madoff victims. >> reporter: today, however, it was thousands of those madoff victims who benefited. federal prosecutors announcing a deal to recover all of that money, $7.2 billion, from picower's estate and holdings-- the largest single civil settlement in u.s. history. >> the agreement resolves a complaint we filed this morning seeking to recover the profits that the picowers received, over the course of 35 years, from bernard madoff. >> reporter: in may, 2009, irving picard, the trustee in charge of recovering money lost in the scheme, sued the publicity-shy picower and his wife, citing outrageous annual returns as high as 950% on madoff investments. a
today his family agreed to give billions back to madoff's victims. here's our chief investigative correspondent armen keteyian. >> what do you have to say to the public? to your investors? >> of all the investors tied to the epic fraud, philanthropist jeffrey picower may have been bernard madoff's single biggest beneficiary, reaping some $7 billion in profit over the years. >> so many assets if for madoff victims. >> reporter: today, however, it was thousands of those...
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Dec 14, 2010
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on saturday, one of madoff's sons, mark madoff, who worked for his father, was found dead after he hanged himself. saturday was deadline for lawsuits to recover money saturday was also the deadline for filing civil lawsuits, to recover money paid out over the years by bernie madoff. nearly a thousand such suits have been filed. and mark madoff was one of several family members named as a defendant in those suits, which are being brought through the court's bankruptcy trustee. diana henriques has been covering the story from the beginning, and is working on a book about the case. she joins us from new york. diana, as the deadline grew closer, did the suits start to pile up? did the pace of filings increase as saturday approached? >> it certainly did. not only filings of lawsuits but announcements of settlements ahead of that deadline. it almost seemed like we were getting two and three major store stories a day, substantial lawsuits for 100 million, 200 million, a billion dollars, settlements of half a billion dollars. 600 million dollars. it was quite a week actually. it ended with a gran
on saturday, one of madoff's sons, mark madoff, who worked for his father, was found dead after he hanged himself. saturday was deadline for lawsuits to recover money saturday was also the deadline for filing civil lawsuits, to recover money paid out over the years by bernie madoff. nearly a thousand such suits have been filed. and mark madoff was one of several family members named as a defendant in those suits, which are being brought through the court's bankruptcy trustee. diana henriques...
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Dec 10, 2010
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brian ross, who led the reporting on madoff's ponzi scheme, tells us something new tonight about thetims and the targets. sued, madoff's wife, ruth, who once lived a life of luxury from a penthouse apartment high atop manhattan, but who has been relegated to a condo in florida. we spotted her this year, though she had died her once blond hair red in an apparent effort of being recognized. >> this is your chance to say something to the victims. >> reporter: she still regularly visits her husband bernie at the federal prison in north carolina, where he is serving a 150-year sentence. prosecutors have also brought criminal charges against a handful of madoff's key employees, including his former secretary, who prosecutors say made millions of dollars by helping him pull off the ponzi scheme. but so far, there have been no criminal charges against ruth madoff or sons andrew and mark, or bernie's brother peter, although they are all being sued by the bankruptcy trustee for tens of millions of dollars. >> some of these people were in control or were absolutely in a position to understand w
brian ross, who led the reporting on madoff's ponzi scheme, tells us something new tonight about thetims and the targets. sued, madoff's wife, ruth, who once lived a life of luxury from a penthouse apartment high atop manhattan, but who has been relegated to a condo in florida. we spotted her this year, though she had died her once blond hair red in an apparent effort of being recognized. >> this is your chance to say something to the victims. >> reporter: she still regularly visits...
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Dec 18, 2010
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victims of the disgraced businessman bernard madoff bern -- bernie madoff are set to recoup some of the money. some areas of the u.k. are experienced their heaviest snowfall in 8 generations. temperatures could fall as low as minus 20 degrees celsius. there has been chaos on the roads across wales, northern ireland, scotland, and parts of england. more is on the way. >> north, south, east, west, almost every inch of northern ireland was covered in a thick blanket of snow. today, this part of the emerald isle turned completely white. getting to work was the ultimate uphill task with snow and ice causing havoc. some vehicles were simply abandoned. on a day when even the professionals at times struggled to cope. across northern ireland, 700 schools at the close. that is more than half of the total number. >> this is the worst. the kids enjoy it. >> this was the scene at belfast city airport on what is normally the busiest day of the week. nothing coming in, nothing going out and nothing for passengers to do but wait to and wait. >> every other country in the world has snow. northern irelan
victims of the disgraced businessman bernard madoff bern -- bernie madoff are set to recoup some of the money. some areas of the u.k. are experienced their heaviest snowfall in 8 generations. temperatures could fall as low as minus 20 degrees celsius. there has been chaos on the roads across wales, northern ireland, scotland, and parts of england. more is on the way. >> north, south, east, west, almost every inch of northern ireland was covered in a thick blanket of snow. today, this part...
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Dec 14, 2010
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. >>> and just ahead, why bernie madoff says he will not attend his son's funeral and why madoff's heart broken wife is so angry at him. we'll have the details, b3q chicken in need of cheering up? add french's to your marinade. it's a surprising way to add a little fun to your food and a whole lot of happy to your family. for recipes and valuable coupons, go to frenchs.com to add a little happy to almost any meal. french's. happy starts here. experts from a leading consumer publication recently tested automatic dishwashing detergents. they rated finish quantum number one, beating the competition ! try finish quantum for amazing clean and shine. satisfaction guaranteed or your money back. >>> coming up, some of the most powerful men in the world and why they have no problem crying in public. >> plus the man behind twitter reveals the ten most powerful tweets of the year. [ female announcer ] letting go of your cigarettes can be hard. but the nicoderm cq patch gradually steps you down off of nicotine in just three steps, doubling your chances for success. nicoderm cq. 3 steps, 10 weeks and
. >>> and just ahead, why bernie madoff says he will not attend his son's funeral and why madoff's heart broken wife is so angry at him. we'll have the details, b3q chicken in need of cheering up? add french's to your marinade. it's a surprising way to add a little fun to your food and a whole lot of happy to your family. for recipes and valuable coupons, go to frenchs.com to add a little happy to almost any meal. french's. happy starts here. experts from a leading consumer publication...
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mark madoff's children, his emwife and his wife. >> obviously, it's not easy having the last name madoff. >> this is the third suicide link to the bernie madoff scandal. >>> coming up next at 11:00, we'll show you a few ways to get the best deals on electronics this holiday. >>> birds that endsed up trapped bwi eer cans around their necks. ♪electronic santa song ♪electronic santa song verizon 4g lte. rule the air on the most advanced 4g network in the world. the contrast of infinite black... the clarity of fast-switching phosphors... the smoothness of 600 hertz... all come together to create what cnet calls "the best picture quality of any 2010 tv." the viera full hd 3d tv from panasonic. get a bonus avatar blu-ray 3d disc from these retailers when you buy a viera 3d tv. >>> if you're buying electronics this holiday season, you're likely on the lookout for a deal. and there are deals out there if you know how to price match at the right stores. we're going to show you how to get what most holiday shoppers want, the real deal. >> this could be the year video games hits your wallet hard. w
mark madoff's children, his emwife and his wife. >> obviously, it's not easy having the last name madoff. >> this is the third suicide link to the bernie madoff scandal. >>> coming up next at 11:00, we'll show you a few ways to get the best deals on electronics this holiday. >>> birds that endsed up trapped bwi eer cans around their necks. ♪electronic santa song ♪electronic santa song verizon 4g lte. rule the air on the most advanced 4g network in the world....