mr. madoff, what do you have to say for yourself? >> and the day bernie admitted to committing the largest financial fraud in history. >> and he said, "i have a confession to make. i've been running a ponzi scheme." [ticking] >> do you think you could pull off this scam today? >> given the same security measures? >> yep. >> easily. piece of cake. >> sam eshaghoff's scam was getting paid thousands of dollars to take the s.a.t. test for other students. he did it at least 16 times, scoring in the 97th percentile of the country. >> i would call him an academic gun for hire. that's what he was. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we examine two very different kinds of fraud. bernie madoff's wife and surviving son break their silence about wall street's most infamous criminal. and later, we visit a high school con man who figured the best way to make the grade was to cheat the s.a.t.s but first, in december 2008, bernie madoff confessed to running a $65-billion ponzi scheme, the largest financial fraud in histo

mr. madoff, what do you have to say for yourself?mitting the largest financial fraud in history. >> and he said, "i have a confession to make. i've been running a ponzi scheme." [ticking]

mr. madoff and norman levy which the bank was aware of but bank was getting fees on loans they were givingshareholders who are upset with this are asking. >> they don't have, i will say this, shareholders voted for jamie to be chairman and ceo. he dodged that bullet. so whether he gets it or not, i can't tell you for sure. inside the company they're saying he will get a bonus. it will be bigger than 2012 and they will say he deserves it for all the reasons i laid out and whether he does or not? adam: won't decide that. charlie, you have inside source looks like a bonus is on the way. >> look at the share price. they hit a high recently, right? adam: i'm not sure exactly when it was but yeah, they are, yeah, they're there right now at 58.76. >> there you go. that often is the -- lori: indicator. >> indicator, barometer. thank you. lori: you're welcome. my contribution to this lively discussion. let's get you guys updated on the markets right now. looks like the stark market is taking another leg lower as we await for release of the fed minutes at 2:00 p.m. eastern. of nicole on the floor of

mr. madoff, we have news. t the bank ignored signs of bernie madoff's ponzi scheme. it could also involve a deferred prosecution agreement. >> does the s.e.c. have any money to sue them for totally ignoring? everybody knew he was doing a covered call strategy. right? he had $60 billion -- >> i would it a strategy -- >> he claimed. he claimed to be doing a covered call strategy. >> yes. >> the volume of covered calls that needed to be written in a day, it didn't exist. for anyone not to know it was going on. what is kind of sickening probably it was a big klein the for a lot of different financial firms who had to have an idea something was happening and they liked having the client. >> the jp morgan situation was particularly -- >> egregious? >> i don't know if it was egregious. >> allegedly. >> there were people inside the firm that had an idea. they're e-mailing each other and taking their money in certain cases out of the fund because of anxiety about it. >> the s.e.c. should have known that. do they have mo

mr. madoff? >> reporter: right. and he's not done yet.an 50 cents on the dollar which is very good for a ponzi scheme of any magnitude, let alone the magnitude of the madoff case. and the hope may very well be by setting with jpmorgan it will get some of the other banks to come forward and some of the feeder funds he's still doing battle with and basically get more money to the victims quickly. but they have done fairly well thus far with about 50 cents on the dollar recovered or about $9.5 billion, that's more than just about anybody expected going into this. >> scott cohn, get back in the truck as we like to say in tv. thank you so much for your reporting. the great scott cohn in lower manhattan. >>> when we come back u.s. vms ex-sac trader matthew martoma and what the prosecutors hope to gain. s&p up 11, the best gain since december 18th. back in a meant. if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is hu

madoff is serving time in new york. the sentinels maintain their vigil outside of the tomb of the unknown today. army saysrson for the the soldiers work in 30 minute shifts as to mr. santo as well as five degrees. -- even as temperatures sank to five degrees. days a year. i don't think i'm contagious. another, the wind has diminished. a pretty decent warm is on the way. let's get started with pictures. starting with current temperatures, it is plenty cold. temperatures in the teens. double digits across the region. 10 in gaithersburg. 19 in quantico. 18 at reagan national. floorboard, look at the averages. we did not tie the record low. we missed that by one degree. there are some records today. these are the records for the lowest high temperature day. only hitting 16 at baltimore. that was a record low. we missed that by five degrees. these cold debentures are going to continue through the morning hours. the polar vortex, the thing everybody is talking about, it was far to the south. see live set you can northeast. it will start to warm up around the area. we can show this in a couple of ways. 15-20 degrees warmer in spots than they were yesterday. the warm up