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Nicholas Cosmo

Nicholas Cosmo
Nicholas Cosmo, the chief executive of investment firm Agape World Inc. was arrested on a mail fraud charge, the U.S. Postal Inspection Service said, after federal authorities carted away a safe, boxes and several file cabinets from the firm's offices in Hauppauge and Queens. Several sources close to the investigation said the case involves up to 1,500 investors who may have lost as much as $370 million through Agape World, which makes high-interest bridge loans, according to its Web site.
Nicholas Cosmo, the chief executive of investment firm Agape World Inc. was arrested on a mail fraud charge, the U.S. Postal Inspection Service said, after federal authorities carted away a safe, boxes and several file cabinets from the firm's offices in Hauppauge and Queens. Several sources close to the investigation said the case involves up to 1,500 investors who may have lost as much as $370 million through Agape World, which makes high-interest bridge loans, according to its Web site. « Show less

Top Nicholas Cosmo Articles

Displaying items 1-4
  • LI Businessman Pleads Guilty In $413M Ponzi Scheme

    LI Businessman Pleads Guilty In $413M Ponzi Scheme
    A New York businessman nicknamed a "mini-Madoff" because he was arrested only weeks after the billion-dollar swindler, pleaded guilty Friday to charges he orchestrated a $413 million Ponzi scheme that victimized thousands of investors. Nicholas Cosmo,...
  • Federal Lawsuit Filed Against Cosmo's Alleged Swindle

    The Commodity Futures Trading Commission has filed a federal lawsuit against accused Long Island swindler Nicholas Cosmo, saying he used "tens of millions" of dollars from investors intended to finance bridge loans to instead engage in improper,...
  • Accused Scammer Cosmo's Mercedes Sold At Auction

    Accused Ponzi scammer Nicholas Cosmo's black 2007 Mercedes-Benz was sold at an auction Tuesday for $47,000. "If you're wondering, this is Nicholas Cosmo's car," auctioneer Richard Maltz told about 250 people gathered in a lot in Plainview. The crowd...
  • Prosecutor: Cosmo Case Losses Worse Than Expected

    The Ponzi scheme allegedly run by a Long Island investment adviser involved much more money, more than twice as many victims and may not have been confined to the United States as previously thought, a federal prosecutor said Thursday. During a bail...