that madoff thing was interesting, john. he had his siblings managed to cash out their mother's estate years before the scandal was known. later, the trustee tried to reel back. the court said it has been too long ago. interesting side note. >> he is part of the global finance structure. it will be hard to escape it completely. >>> questions about lines this morning about the nation's business and family business. word that donald trump is asking for top security clearance for eric, don jr. and ivanka and jar jared. none of the children have filled out the necessary paper work. granting clearance raises questions of conflict of interest. the children will, as far as we know, will run the corporation. >> it shows how tightly held this family is frankly in decision making and their father's run for the white house. >>> the mexican government is working on a plan to deal with a possibility of mass deportations. spokesperson for pena nieto said it will be under consideration. trump said he would lock up up to 3 million of crimin

bernie madoff was a ponzi scheme. ♪ is it a force of nature? or a sales event?he season of audi sales event is here. audi will cover your first month's lease payment on select models during the season of audi sales event. (bing) what? is he gone?? finally, i thought he'd never leave... tv character: why are you texting my man at 2 a.m.? no... if you want someone to leave you alone, you pretend like you're sleeping. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. tv character: taking selfies in the kitchen does not make you a model. >>> 11 stories tall, occupying half a city block in downtown cleveland, the cuyahoga county corrections center houses 2200 men and women that present a wide range of security issues. some like charles evans. >> the broom was on the floor. he fell on it. >> present more issues than most. >> one other person that -- person of interest that i want to talk a little bit about who's a familiar name to all of us mr. charles evans. mr. evans was placed in lockup and did ex

i mean it's a little like, someone said this would make bernie madoff proud. tom george, 13 action news. the henderson police department is hoping to be more transparent..... about crime and department activities!!! the department says.... it's the first law enforcement agency in the state..... to use a federal data portal program. the site provides.... the most commonly requested crime stats collected.... by the f-b-i... plus... information on police force and shootings. a pahrump middle school student was taken into custody.... for bringing a gun to school. a staff member was told about the gun... and.... confiscated the bag.... it was in. police say.... no ammo was in the gun... and... there were no reports of it being used.... in a threatening way. marijuana possession is no longer a crime the clark county d-a's office says it will pursue. the decision comes only a month and a half before recreational 13 action news reporter david schuman explains why criminal lawyers are applauding the decision. 13:33:36 mace yampolsky, criminal defense lawyer "what i've

bernie madoff was a ponzi scheme. he took people's money and he spent it on himself. i invested all of it in real estate. >> lead the way. >> yes. >> schneider's real estate plan involved developing a retail and entertainment center in a cleveland suburb. the center was never built, and only $10.5 million of the $60 million schneider raised was ever recovered. >> they in my eyes were not victims. but they were lenders to me. i borrowed money from them. they may call themselves victims but i made them a lot of money. and they know that. i lived a very good lifestyle and i'm not ashamed to say it. i went on to create 15 corporations. i had a vineyard, three wineries, apartment buildings, office buildings, restaurants. everything that you could imagine you would want to have in your portfolio. >> schneider chose to plead guilty to 11 felony charges rather than face the possibility of a longer sentence if convicted at trial. >> i'm 71, with the possibility of getting 30 years or more, why would i do that? why would i do that? >> schneider received a three-year sentence an

it was not a surprise at the galleon group very at it was not a surprise what was going on at madoff. if leaders of organizations can figure out a way to put the right team together and can develop the right culture. you can nab these problems much earlier than when the fbi gets involved. when the fbi gets involved, it's generally too late for you. questionyour favorite is there a role for you in the , trump administration? counting on your current role? mr. bharara: i was going to put in for secretary of state, but some guy beat me to it. [laughter] rebecca: that might be taken. but seriously, your interests, could they be aligned? mr. bharara: i do my job, i love my job. it's the best job i've ever had and the best job i will ever have. i serve under the president. that was true with president obama and will be true under president trump. if and when the president decides to replace me, i will ride into the sunset. but, i think the work of the office is separate, apart from me. we have been around since 1789. you know the office itself is an , apolitical office. i said this to my of

grant has called china the people's republic of maidoff, and -- me do you have, and i couldn't -- madoffdn't agree with him more. you actually don't own the assets if you're a western shareholder. you own a piece of paper -- maria: and the way the revenue moves is complicated -- >> and the way they account for the costs. you don't see a lot of them. the delivery costs are off the books. trigary a lot of off-balance sheet stuff. but with valeant, the end game was when they stopped doing the roll-ups and the deals, and obviously the stuff came out with philidor. how do you seeally what baa eventually having -- what will eventually crack the alibaba bulls? >> well, the problem is that alibaba, unlike amazon and u.s. e-commerce companies, alibaba gobbles up cash. it actually is a voracious user of cash. it does not generate cash. and the balance sheet is growing almost twice as fast as the business. and you know enough aboutcorporr assets are growing twice the rate of your profits, your return on cap until a's -- capital's plummeting. and be alibaba last year employed more capital in one yea

jurisdiction because it had been transferred to foreign banks in the years before madoff's arrest. -- will seek to raise $6 billion from international bond sales. the first issue may be delayed due to market volatility after the election of donald trump. were planning to do it by end of november, but there has been volatility since the election in the united states, because maybe of the change in the philosophy of how the economy would run and the plan of president-elect. so there has been volatility in the markets. we're really waiting until the markets stabilize. sebastian: global news 24 hours a day powered by journalists in 120 countries. francine: let's get on to the data check. we've seen quite a big rally in asia in global stocks. this is as there's more and more optimism that growth is strong enough to withstand higher interest rates. we don't look at them e malaysia ringit very often. interestal bank left rates unchanged but look out for any outflow for that economy as donald trump suggests that he will considerly reflate the u.s. economy. this is a picture for the yen. remem

she has gone from bernie sanders to bernie madoff. she can store whatever is left of that $7 million nut for her run in 200. she boost her profile, made some heavy-hitting democrat friends and is snow blind to the moral compass she once claimed got her over the mountain of hypocrisy. i hope she makes public that curious list of donors and i hope those funding this effort don't hide in the shadows and let this once clean puppet do their dirty work. i'm kennedy. wisconsin's recount could begin as soon as thursday. and jill stein filed for a recount in pennsylvania. michigan just finished counting yesterday and they are headed for a recount as well. bret baier, anchor of the fox news channel. the question i have is who is funding this recount? bret: that was a nice open by you. jury trial stein aside from your interview has don'ter interviews. when she was asked about the donors she claims they are 90 something percent of small donors under $100 she said. but you can donate $2,700 and there is nothing preventing anybody like a george sor

he was sued by the trustee trying to recover money for victims of bernie madoff's ponzi scheme. he led the group that bought indymac. after paying millions in fines for the foreclosure practices, he sold it for $3.4 billion. >>> and the trump transition discussion and joining us is ellis henican. the big question is, trying to match what we know already with what will happen. what we know is you have this two-headed thing in the white house. chief of staff reince priebus. insider's insider and steve bannon as the strategist. he ran breitbart which a lot of people see as spewing anti-semitic rhetoric. he wants to tear up the system. you have this working in opposition already. what does that mean as he fills the cabinet? >> i think the knife fight word that you used a moment ago is pretty apt. people fundamentally pulling in the opposite directions. it isn't the minuta. that is the kind of person who becomes the treasury secretary. laura ingraham as press secretary? the entire act is incendiary and hostile to the people. >> who will be sitting in the room in front of her. >> it i

8.5% pension promised retirees in private accounts, 8.5%, who wouldn't take that deal, but bernie madoffld offer you that deal. they have underperformed. a series of bad invests, not alphabet google but 20% of the portfolio is real estate. real estate is kaput. the failure of city government to adequately fund the pension. a lot of cities across the country has done this, dallas is not alone. every democrat or republican cheated system and lied to constituents what needed to be put in and underperformed what needed to be put in. chicago is worst in the country. dallas is number two. it was complicated series of bad, bad decisions but here it is. liz: when you see the police chief. >> yes. liz: and all he has done for the city and all the under links that they won't have a pension, that is disturbing? >> when you say they won't have a pension this is what we're talking about in the united states for a long time. it isn't about not having a pension. city of dallas, taxpayers, you're obligated. these are contractual obligations. look at los angeles one out of every five dollars in los angel

billionaire brothers charles and formeroch and other bernie madoff customers will keep as much as $2 billion from those transactions after a u.s. bankruptcy judge ruled the cash is out of reach of a recovering trust for victims. the brothers argued the prophet was beyond u.s. jurisdiction because it had been transferred using offshore funds to foreign banks in the years before his 2008 arrest. the first issuance may be delayed due to market volatility after the election of donald trump. ministerry's finance spoke exclusively to manus cranny. >> there has been volatility because ofken place the philosophy of how the economy would run. there has been some volatility in the markets. facebook is so keen to reenter china that's created a tool to censor information in the country, according to the new york times. it's not certain that the social network could return to the licensingen restrictions and other regulations that favor locally owned companies. facebook said it was interested in china but has not made any decision on's approach to the country and declined to comment on the new yo

>> well, i mean, there's all kind of analogies on twitter, bernie madoff's wife, so forth t. reality is she's right and she's lovely and el gnt and donald trump should have her on the campaign trail every day doing as many events as she is willing to do. >> how much advantage thooung do you think this is, for obamas, bidens and a clinton spouse and trump is basically been going it alone. he gets, he's gotten guiliani, sometimes he has christie. though not anymore. some are not as effective as they used to be. >> back a long time ago, i was john kerry's mid-west communications director and that meant that we would organize all the different folks who on a campaign that sarah beat us on, by the way, was surrogates would come through, you could try to get local press in iowa, minnesota, wisconsin. if you didn't have a ted kennedy or a real major surrogate come out for you, you couldn't get major press on it. the fact that hillary clinton can bring the president, the first lady, vice president and on and on and donald trump has only been using himself and not melania, it's a huge

jim: the largest frauds we see right now beyond a shadow of a doubt are in the people's republic of madoffounting the banking system, individual companies, there is just a low standard for accountability and accounting. they make u.s. companies that are aggressive just look like child's play. here in the u.s., one of the things i teach in my fraud class, it is almost easier in this cycle because some of the accounting fraud i see is staring you in the face in terms of earnings. thing the ease -- fcc is concern about -- sec is concerned about. valeant, people believe it's going to earn six dollars this year. a well-known investor said it was cheap. they lose money. there is a reason why those are expensive. use, we areead going to present numbers any way we want. hewlett-packard has been taking restructuring for years. at what point is something not in a restructuring chart is just a cost of doing business? endemice indemnity -- everywhere. joe: speaking of industries in distress, hedge funds. lots of critics. lots of universities and endowments. pension funds not seeing value in investing.

it would be like bernie madoff's wife speaking out against investment ponzi schemes. donald trump today. but on -- >> bring it on. bring it on. >> on the race overall, we are are now in these final three days, four days. is there anything any other external event you think could affect the voting or all momentum? >> as we saw last week when we were talking about hillary clinton had a rough comfortable lead was moving in and the comey announcement adjusted the race by two or three points. anything can happen in the final three days. we've seen it in elections in years past and wikileaks and tuned until monday. anything could change. it is a small but comfortable lead for hillary clinton. >> jon, what's the one state you're keeping your closest eye on? >> north carolina. north carolina is the state above all is absolutely dead even. you talk to both camps. they both think they can win and both know they could lose. >> donald trump needs to win it, jon karl, matt dowd, thanks very much. >>> four days until the final votes and the latest on the race on sunday on "this wee

. >> i'm not saying there was, but madoff, terrible guy. if you're doing that, giving people false positives and negatives that you know are not true and they're making decisions about having a tumor removed -- >> that's worse. >> there's a pyramid-like scheme in all of this. she might have known and thought i'll fix it. we'll get it like that. >> he probably started like that, too. >> just one trade away from getting back to even. >>> lowe's just out with third quarter results missing street estimates. brian neagle is with us senior analyst with open him a n hienp. >> you look at this lows lowe's announce the, they missed on the top loin and bottom line. there was a lot of charges in the quarter a line in the press release talking about some shift in the investment strategy. we'll have to see what they say on the conference call. >> i saw on the press release they said for some reason the first few months of the quarter were weak and everything was okay in october. there's more there than that? >> what's interesting about that, we were tal