On air can take you anywhere above the thorough fairs above the big apple. We all go there occasionly. Find out how Marilyn Monroes final wishes remain alive and kicking. First, lets go to shelby. The president arguing the u. S. Is outpacing the recovery seen in other nations. Right now there are more job openings than at any time since 2001. All told, the United States has put more people back to work than europe, japan, and every other advanced economy combined. Well get a picture of the economy tomorrow when the september jobs report comes out in the u. S. Late word that jp morganchase said a recent breach affected seven million households and small businesses. Customers emails, cell phones, and other information was taken. More on that in the headlines. Pimm, back to you. Despite protests in hong resign. G refuses to instead, he wants to hold talks with student leaders. You have covered the region, you lived in hong kong three years . Right. So you know whats going on in terms of t
Pull off this scam today . Given the same security measures . Yep. Easily. Piece of cake. Sam eshaghoffs 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. Thats what he was. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we examine two very different kinds of fraud. Bernie madoffs wife and surviving son break their silence about wall streets 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 65billion ponzi scheme, the largest financial fraud in history. While madoff is serving 150 years in prison, his family had to deal with the consequences of his crimes. His wife ruth divested of most of her great wealth and derided by a suspicious world. Their son mark dead, driv
Yuck it is on the way. That means its going to give us some trouble on the roads. We will have more on that in this busy hour. Meanwhile, we start with a shot across the bow of American Parents saving for college. Sue, fill us in bl. Thats indeed the case, and it is a big shocker for a lot of people out there. President obama proposing major changes to those 529 College Savings plans. John harwood is in washington to explain why and get to him in just a moment. First we get to sharon eperson with some of the details on that. Hi, sue. The changes are of interest of millions of families whose College Savings strategy could be affected. The 529 plans, both College Savings plans and prepaid tuition plans, have grown sharply in the past decade. There are over 12 million accounts in circulation with an estimated 240 billion in total assets at the end of last were. Thats according to strategic insight. Now, about seven million families have 529 plans, and they find the most attractive for thi
watch ticking safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape of emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is behind bars, theres still much we dont know about the scam which involved, by some accounts, a fraud of more than 50 billion. Investigators are still trying to figu
Something wrong . It took me five minutes to know that it was a fraud. It took me another almost four hours of Mathematical Modeling to prove that it was a fraud. watch ticking safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape of emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is b