Nicholas cosmo – agape world scam in $380 Million Ponzi latest news

Nicholas cosmo – FBI raided New York based bridge lender Agape World Monday over an alleged $380 million ponzi scheme, Agape chief Nicholas Cosmo is accused of scamming $380 million out of thousands of Agape World clients with promises of high returns.

Agape World was founded in 1999 – Cosmo has history in scams, accused and found guilty In 1997 misappropriating funds while working as a stockbroker at Continental Broker-Dealer Corp. He was sentenced at the time to serve 21 months in prison and pay at least $135,000 in restitution, uuh see also Turbo Tax.

Agape World chief Nicholas Cosmo was not at his Hauppauge offices As of 1:15 p.m. (last update). They had been closed and locked up. No other employees were present on Agape World.

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