richard drive is as bernie madoff.i am not so sure. >> waiting for the day where we actually show the madoff scandal by changing and retiring the ponzi scheme. the side of madoff was just so much larger. i think we are getting closer to the renaming of a ponzi scheme. melissa: they will go back in time and show how he got to that point. we do not really talk about that much. >> i think that will be fascinating to see. robert deniro. there has been talk about him also playing that role. >> the history of how he ended up to be such a crook. thank you very much. appreciate it. be sure to catch strange inheritance tonight at 9:00 p.m. eastern time. jamie colby. another family with a world record car collection. the cars are amazing. you do not want to miss this episode. more news. isis is advancing in northern africa. plus, preparing for the next generation. how countries are working to get millennial's in the door. at the end of the day it is all about money. ♪ right? wrong. because you're not you you're a cancer hospital

not that bernie madoff?> that bernie madoff. securities fraud. there are all kinds of things. one of the reasons i thought bridgegate was powerful is that they thought that was the tip of the iceberg. we also know chris christie. we know his modus operandi. >> today, he did not have to answer questions in london. there was some press. he blew them off. the vaccine story that we talked about yesterday, it kind of turned some heads, his statement on that. when he is in iowa and new hampshire, and someone either enterprise reporting or other he is going to have to start answering, and if he answers them the way he normally does come with the temperament that people are now tired of, it is going to be a problem. i think mitt romney believes and some people believe he is overwhelming. >> he believes that chris christie has been vetted, and that is what mitt romney said back in 2012, but you have never really been vetted i tune you are a presidential candidate. >> is there a doctor in the house? senator rand paul

. >>> still ahead on wusa9, victims of earn any madoff's -- ernie madoff's giant ponzi scheme have reason to feel better. >> plus, all bets are off. another piece of vegas history is reduced >>> it's always amazing to watch. that you just saw was the remains of the clarion hotel and casino that came down early this morning. it took ten seconds for it to join the ranks of the other vintage hotels in vegas that suffered the same fate. not everything, however, went according to plan. just after all the dust settled, the elevator shaft was still standing. so a crane has to be brought in to finish the job. >>> another big payout for victims of bernie madoff. the trustee in charge of returning the money to the victims of the ponzi scheme says more than $355 million was distributed to 1100 accounts. that amount is the smallest of the five payments they received so far. but all told, the people who were windsled out of their investment -- swindled out of their investments have received about four cents on the dollar so far. >>> disgraced former head of the international monetary fund denies knowi

around the country and in addition commissioner some of the headline blows up that you've seen like madoff that's incredibly bad due diligence that people involved in madoff they were producing their own statements of their own investment values not a third party custodian that was providing an annual audit so basically west ridge was another one managers claimed to out perform for one hundred and 20 straight months the odds were one hundred and 90 trillion. >> well - >> but the bottom line we in our situation we did not think we needed holdings to accomplish our objectives which was to have an a rated understanding of the strategy. >> thank you i have advocated with this proposal of allocation the fixed income was 20 percent i've been advocating below that number i'm supporting the number and supporting the consolidation of higher entity rather than calling them out with the true belief there will be meaningful work in those areas so explore them i believe in overlook that the package was talking about san francisco real estate versus st. mary real estate which is a pin on what i've been

that means more than half of madoff investors with allowable claims have been compensated. investors lost about $20 billion in the ponzi scheme. madoff is servinging a $150-year prison sentence. >>> suge knight will remain behind bars. he asked for a bail review hearing delay in court today. both sides said they need more time to prepare. knight is accused of running down two men with his pickup truck last month. one, terry carter, died. >>> convicted killer drew peterson is charged with a murder-for-hire scream. they say peterson tried to hire someone to kill the lead prosecutor in his 2012 murder trial. the 61-year-old was convicted of killing his third wife in that trial and is currently serving a 38-year prison sentence. peterson gained north righty when his fourth wife disappeared in 2007. >>> a north carolina judge dismissed a domestic abuse case against greg hardy. hardy reached an agreement with the accuser. hardy was charged with attacking and threatening his now ex-girlfriend last may. no word on his future with the panthers. >>> it's hard to imagine have you seen

. >> my name is eleanor, and for the last 25 years i was bernie madoff's secretary. >> the main team on the 17th floor were fully aware of what was going on. >> what nobody imagined was that bernie was stealing every nickel, that he wasn't trading anything. >> i said "60 million"? he said, "no... umm, 60 with a 'b'". >> sir, why did you do it? >> they lived this incredible life... it just never occurred to me that the

f r i wanted to mention the bad hedge funds, of course, we're aware of the newsworthy items that madoff and longer than capital the 10 fraudulent hedge funds almost one hundred mroifldz the 10 largest fraudulent companies in the united states add up to one $.5 trillion so more than 15 percent times the size and the hedge fund universe is $3 trillion and the u.s. market is about 23 or $34 billion so the u.s. equity market is 8 times the size of the hedge funds market but it has had 15 times in terms of large-scale frauds so you know we point to bad apples can be found anywhere it is important to bury through the transparency in research and the partnership what's the incentives of the manager you know so anyways i wanted to to point out in scale it universe is not different than ours. >> one finally question again i want to make sure we answer any questions out in the audience people have asked they said your area you were in was reduced to explosive fees and under performs i think claire you made that comment so it mr. cokeer should. >> regarding performance that's not the case you can

bernie madoff is the example. we don't need government to tell any professional how to work.on't need government to tell a salesperson at a store how to work or person on television how to work. gerri: do you agree with jonathan? does jonathan have it right. are americans perfectly protected when it comes to their broker? >> well, i mean, no, i don't think so. i think there is conflict of interest. that is really what this is getting at, eliminating potential for conflict of interest, when somebody who is recommending invests to you, aren't necessarily in your best interests. it may be tainted by the fact they get a bigger commission or, you know putting more money in their pocket. a fiduciary standard requires that whatever investment advice is dispensed is in the client's best interests. i think bringing bringing that to light making consumers aware that, channeling more of that, type of advice to consumers i think is ultimately a win. gerri: jonathan, let you have another swing at this. you look at this debate. i got to tell you, somebody telling me they want to pick inves

and transcripts and the issues you all read about we don't want to be stuck in a better known new madoff hedge funds just like bad real estate managers they're there i think we've chosen ones that are forced but they may not be the top all the time we want to try to get into the top level of managers and that's our goal so if we're going to do this program your goal to find the 25 percent it is at least tape managers we want to be in the top 5 so as commissioner melberger said shallow so small business said out there it was not a good point to make i think that most people will agree it's a good point and one of the speakers john ferry land that that exact point we should have that goal in everything we do and i would like you to address mr. cokeer the fact that someone said you wouldn't talk to cal percent will you address that point. >> yeah. i'll begin meeting with the gentleman that ran the cal percent program in 2005 i will talk with him until i met on site i met with him. >> wait, wait you met him on site and a started that in 2005. >> yeah. >> i'm curious why someone said they've

. >> my name is eleanor, and for the last 25 years i was bernie madoff's secretary. >> the main team on the 17th floor were fully aware of what was going on. >> what nobody imagined was that bernie was stealing every nickel, that he wasn't trading anything. >> i said "60 million"? he said, "no... umm, 60 with a 'b'". >> sir, why did you do it? >> they lived this incredible life... it just never occurred to me that they were living on the dime of the clients.

. >> the man in jobs, richard dreyfuss, has agreed to star as bernie madoff.person -- according to a person at abc television network. it will air around the end of the year. madoff was sentenced to prison after his ponzi scheme collapsed. causing losses of $18 billion. close encounters of the first kind. there is the story. the next bernie made off. maybe robert janeiro. -- the next bernie madeoff. or maybe robert deniro. >> at 3:58 a.m.. today, you have to go to twitter and look for some of the fx checks. >> breakfast cereals. hold your breath. time to get our take on the eurozone. our next guest argues it is ripe with opportunity for investors. ♪ >> investors should be excited for the eurozone. if they can just managed to put aside the mounting uncertainty over greece, the situation is improving. great to have you with us. i love your phrase, which is, to paraphrase al gore, it is too late to be pessimistic. you have to overlook greece and jump in with both feet. >> our argument is there has been too much pettus schism. -- pessimism. the weaker euro, low oi

. >>> madoff was inspired by brian rosss report and the madoff chronicles. >>> oscars will be handedight in hollywood. alicia vitarelli is in tinseltown and has this last minute prep for the big event. >> reporter: the red carpet is ready, oscar is ready every final preparation has been put in place for hollywood's biggest night. >> it's a tremendous mendsous award season -- tree mend outlines award season. they are putting every detail in place and hanging every draped. everything is in glitter. even the stairs are paved in gold. once they unwrap the red carpet it's go time. >> it's go time, they had to put the tents up like that, who cares. it's the stars that are on the carpets that's what matters. >> reporter: their hair won't get wet neither will the gowns. yes the rain tarps are up, with showers in the forecast, the folks behind the big show are in the taking any chance. celebrity stand-ins are warming up the red carpet. sequence are being stepped into and selfie snapped and star gazers on standbys. >> there's a lot of people trying to get a glimpse of anything pictures or just

to mentor the jilted nation's that have been skittish of those operations in the past and a tavis madoff howard turned against christianity but they protect -- polka hornet's nest and that could dovetail nicely and hopefully the muslim dance craze will have them tap dancing on the basis grave shortly so we should encourage everyone to do for themselves they know the radical islam from the indian troops of their religion if we write the script they can produce the star why every being greedy with a close-up? said have an obligation to entice them to cut into lollapalooza libya to drop a nuclear device on though lot of them. but they say nuclear energy is far more efficient. a great energy scandal to ecstatic of better to talk about a former official who wishes we knew the truth about ufos. i will tell you my favorite president is and why. this is "kennedy". ♪ in this day and video that ice is released to decapitate 21 christians they warned of more. we have a retired u.s. army lieutenant colonel and operations and dark heart of there. >> is good to be on. kennedy: my goal is to get the mi

a bernie madoff type guy. >> jimmy: you committed like a white-collar crime. >> right. >> jimmy: you >> a real deal prison. >> to san quentin. >> jimmy: so you work with kevin. you think that he's the hardest dude that you know that's going to teach you how to get hard and get ready for prison. >> get ready for prison. >> very true. >> jimmy: and how do you know this character? your character. how does he know your character? >> he doesn't really know me. i'm in the park lot of his job. i wash cars. that's my business. and you know, he basically racially profiles me. >> jimmy: he basically profiles you. >> he profiles me and assumes that because of my color that i know this world. and i'm like, that's not true at all. and it's a back and forth thing. >> jimmy: but how hard is your character in the film? >> in the film? >> jimmy: yeah. >> the fake character that i create or the real character? my character isn't hard at all. >> no, not at all. >> the fake character is amazing. >> so scary. >> he's amazing. >> jimmy: yeah, the fake one. but in real life you're just a normal dude. >> th

he doesn't want much discussion on the bernie madoff trade-off, there isn't much discussion on the bernierade off. but when you come on and say 21 citizens were beheaded, the network says, no, it's christians. that may not be much, bill but it's something. they didn't go along with the network. the president doesn't use muslim or islamic terrorists but this year from january 1st "the new york times" mentioned the islamic or muslim terrorists 18 times and the "washington post," 41 times. again, it's a sliver of sunshine. usually they willcover for the president and report news the way he likes it covered. but they're not jumping through these hoops for him. it just -- it doesn't make sense what he's doing with his going out of his way not to use the term. and they've noticed that. >> okay. when i was at the network news when there was a conflict a war, any kind of really violent crime spree, whatever they're all over it. i mean even minor wars like the falklands war the -- you know, i was down there in argentina salvadoran war i was there when gren nayda was hit, there was big coverage, ir

and ever since fred wilpond lost money on madoff, he's opened that up a little bit. the mets. i think anthony might own a small piece too, scaramucci. but we understand this is why wall street is going gaga over this guy. he has ambitions to buy something, he's clearly looking to do it, and they want to bank this guy for his net worth which is not unsizable, 200 million, although who knows how much he could make in his afterlife. he might be able to multiply that if he does it right by many -- that's good seed capital. you can do more than that. but also his business ventures, and one of those is clearly buying a sports team. news reports are talking about him being involved possibly with a football team. i think the buffalo bills was one of the teams, although i don't know if he put the bid in -- liz: either goldman or morgan matches him up with a bunch of rich people who say let's go in on this. >> yeah. this is the story i think we're going to see more and more in the coming months ahead. this is a wooing process. he's clearly, he clearly has post-baseball ambitio

prosecuted some of the most significant cases in the nation recovering over $9 billion of bernie madoff'sand sending a terrorist from guantanamo to a u.s. prison and securing a life sentence for time square bomber shazad and those have propelled some to the top in new york. >> you are the current high officer. are those shoes tough to fill. >> yes. we were established at the same time as the republic and there have been great leaders of this office so there is a reputation to uphold. >> bharara is also expanding the legacy and values associated with the office. beyond putting felons behind bars, he scored a conviction rate of 96% in 2013. he's also trying to reform how they are treated while in prison. >> why do you care what happens to these people who have been convicted of a crime and are over there in prison? what do you see that as part of your job? >> it is an essential part of our job. our job is make sure we are upholding the rule of law. just because you are behind bars doesn't mean you are beyond the constitution. >> he investigated the second larger prison in rikers and enforce

betty: i think dreyfuss looks a lot like madoff. pimm: robert deniro, "taxi driver."now, maybe bernie made off. his lot of time on his hands. betty: about 150 years of time. pimm: it would be interesting to see if this is successful or not. alex: betty: you could not have written a script like this. what happens in real life, incredible. pimm: you cannot make this stuff up. betty: number eight mcdonald's bringing back their chicken tenders. pimm: every time i look at these things, i ask myself how did that you can walk? -- how did that chicken walk? aren't they originally made to fit into the container of the sauce? they were shipped specifically. alex: mcdonald's is going after this crowd that has moved to the likes of chipotle and things like that. this shows how much cloud they had over suppliers. tyson and keystone foods are supplying the chicken. they are probably cheering in the background because the u.s. has had an oversupply of chicken these days. pimm: it also has to do with the chicken wings because of the super bowl. we were on stories about how many chick

>> financially ruined and forced to keep working after falling victim to bernie madoff's ponzi schemeall my money. i had nothing. >> let's go inside. >> what i had left was myself. >> now, the latest celebrity and pop culture news delivered to you 24/7 it's "the insider," together with yahoo! >> is brian williams replacement already in the works? as the backlash intensifies against the newsman. more of his fellow anchors speak out. hey, everybody. >> the countdown to "fifty shades" is on. how you can get the must-have items inside christian grey's elusive red room, i mean if you're into that sort of thing. >> right now, back to brian williams. we ask, is a rescue plan to salvage his career in place? if not who is williams' heir apparent? >> that's our broadcast for this monday night. >> is it a

and victims of scam artists bernie madoff will get an additional 1.5 in dollars back. money had been held up while long-term it off investors sought to get more money than short-term victims. an appeals court rejected that. so far, they have gotten back 17 billion of all that had been lost in that ponzi scheme. the winner of the daytona 500, 24 years old. and much more ahead, a different kind of race, more eyeballs are drawn to digital. will traditional media be able to keep up? we will be back. ♪ >> who gave this man a green card? bird man >> a little bit of it joke politically last night. we are joined now by two media heavyweights for big questions that are affecting hollywood. bob rice is the former chairman and ceo of universal, and now serves as cofounder. mike tomlin -- and mike dolan now at bacardi. and you get a chance to watch the oscars? and was there a big surprise for you? >> the lowest box office movie of all time womn. >> [laughs] of all time. >> i don't know it was, but close. what i think it's very good for them, and a very good signal to hollywood tha

more from bernie madoff.uidateing his firm says he is distributing another $56 million to his victims bringing the total pay-out to more than $7.2 billion. try, try again. space x on tuesday will launch its rocket with a u.s. satellite intended to watch for threatening solar storms. poor weather conditions canceled the launch today. deloitte and tushe has -- sheas the first woman to become a ceo of a major u.s. accounting firm. >> do you have an extra $28 million to spare? that's how much the lav irk and beautiful penthouse that was cost -- the four bedroom four and a half bath condo spans the top three floors of a building on east 62nd street in new york city. you can see more of it by going to cnbc.com. coming up on "fast money" at 5:00 p.m. eastern time former nfl quarterback brett favre is involved in a new social media project. that's your cnbc news update for this hour. back to you, melissa. >> the final oil trades are costing. >> just under $53 as we head into the close here. we could hold on to that r

cheating and stealing and running our entire economy with a ponzi scheme that's so big even bernie madoff wouldn't have the spine to try it, nobody goes to jail. everybody gets a pass, nothing changes, and the business of politics as usual goes on. they give speeches. they know aren't true. they sign bills they don't read. and when the law blows up in their faces they give themselves another pass. and the media, they're in on the con, the gravy train. today, you ask americans, they'll tell you they don't trust the media. where can you find anyone who still believes the media? folks, brian williams isn't the exception. he's exactly what they've taught us to expect from them. . it's not journalism anymore, it's entertainment. it's celebrity, it's agendas and it's money. and all too often now, a lie is an acceptable way of communicating. we can't trust government to tell us the truth. they've already shown us that. the government evidently doesn't trust us. their surveillance and their oppression through a weaponized irs proves that. yeah. and people they don't look at this town for answers

. >>> a federal appeals court ruled the vicks of bernie madoff's massive fraud are not entitled to -->> some racing drama. dan that patrick and denny hamlin having a heated discussion after the latest dust up between the 10 and 11 cars that sent her crew scrambling to get her back on the track to qualify for sunday's day know that 500 race. that's the cnbc news update for this hour. "the closing bell" will return after this quick break. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. >>> we are heading to the close about 25 minutes left. the dow in record territory with a rally of 151 points. the s&p is up 12 points right now in record territory as well and the nasdaq is near 45 points away from nasdaq 5,000 right now. >> it's

. >> because of their madoff business influence manager.. >> [ bleep ] creek. >> the best ever. >> this is the only place they can afford to live. >> they get there and they're staying in the motel and your wife katherine says, let's hope we all -- >> let's all pray we don't wake up. yes we do the waltons' good-byes and we're saying, good night, good night let's all pray we don't wake up. and that just about sums up -- >> we love you. thank you for coming by to see us. >> are you kidding me? >> if you ever need kathie lee and hoda to do a segment at [ bleep ] creek we would love it. >> i'll take you up on that. >> give katherine our love. you two together are the funniest things ever. do you have a favorite of the chris guest movies? >> i love "best in show." >> that's the best ever. >> "a mighty wind." there's a lovely movie, had a lovely sentimental undertone to it which you don't no ma'amly find in my work. but i would say those are the top two. >> we're so happy for you. when a show makes you laugh out loud and you haven't even seen it