Former Pegasus Wireless CFO Sentenced to 33 Months for His Role in Securities Fraud Scheme
Long Island-Based Defendant Caused Thousands of Investors to Lose $195 Million
Nicholas Cosmo, the former
owner and
president of Hauppauge-based companies Agape World, Inc. (Agape) and Agape Merchant Advance (AMA), was sentenced today to 25 years of
imprisonment by United States District Court Judge Denis R. Hurley in
federal court in Central Islip. On October 29, 2010, Cosmo pled
guilty to committing mail and wire fraud in connection with his
operation of a massive Ponzi scheme involving the ....
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