Follow @USApostille
![]() Our Videos |
October 14, 11
NEWS / Former Agape World, Inc. Owner and President Sentenced to 25 Years Imprisonment for Multi-Million-DoLong 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 theft of more than $195 million of investor money that was supposed to be used to fund short-term commercial loans. Cosmo was ordered to pay $179 million in restitution to more than 4,000 victims and agreed to an asset forfeiture judgment in the amount of $409,305,000 as part of his sentence. The sentence was announced today by Loretta E. Lynch, United States Attorney for the Eastern District of New York. Cosmo, and others working at his direction, fraudulently obtained in excess of $400 million from investors over a five-year period by representing that the funds would be used by Agape either to fund short-term secured bridge loans to commercial borrowers, or used by AMA to make short-term loans to small businesses. Investors were told that the loans generated high interest rates which would result in payment of high rates of return on their investments. Cosmo often failed to make the short-term loans, admittedly using approximately $80 million of investor money to trade futures and commodities unbeknownst to investors, and paid false profits to early investors in the scheme using new investors’ money. At the sentencing proceeding several victims, many of whom stated that they lost their family’s life savings, described the devastating effect of their losses as a result of Cosmo’s criminal actions. “As recounted today in court by several of his victims, the defendant’s actions crushed the hopes and dreams of everyday citizens. We stand committed to ensuring that our markets operate fairly and honestly, and we will aggressively investigate and prosecute those who fraudulently enrich themselves at the expense of investors,”stated United States Attorney Lynch. “Those who lie and steal from the investing public are on notice that they face severe penalties,” Ms. Lynch expressed her grateful appreciation to the United States Postal Inspection Service and Federal Bureau of Investigation, the agencies responsible for leading the government’s investigation. The government’s case was prosecuted by Assistant United States Attorneys Demetri M. Jones, Grace M. Cucchissi and Vincent Lipari. The Defendant: NICHOLAS COSMO Age: 40 http://www.fbi.gov/newyork/press-releases/2011/former-agape-world-inc.-owner-and-president-sentenced-to-25-years-imprisonment-for-multi-million-dollar-ponzi-scheme |
Do you need
We do Retrieval, Preparation and Legalization.
Power of attorney
Vital records
Birth certificate
Marriage Certificate
Single Status Affidavit
No Record of a Marriage
Certificate of No Marriage Record
Divorce Certificate
Divorce Decree
Death certificate
Criminal Record
Certificate of good conduct
Criminal Background Check
Foreign Driver License
Documents for transportation of the Deceased
Children's Travel Consent Letter
Evaluation of Foreign Education Credentials for US
Letter of Invitation for USA Visa
Documents for Avoiding Double Taxation
|
TestimonialsAnnaMaria RealbutoThank you for all your assistance and efficiency... Read More » Kateryna Melnychenko Thanks a lot Anton!... Read More » Rani Payne Thank you so much! I’m sure I will be in touch again with something else that will need to be apost... Read More » Serge Bauer Law Thank you again for your help with this case!... Read More » |
FAQHOW DO THE NOTARIAL FUNCTIONS OF U.S. CONSULAR OFFICIALS DIFFER FROM THOSE OF A U.S. NOTARY PUBLIC?Read More » What Is CBP? Read More » Q. How do I effect service of a default judgment or other documents? Read More » What if my employer goes out of business or in bankruptcy? Read More » |
Quick MenuForeign Driver Licenseapostille Syria apostille Congo (Brazzaville) apostille Central African Republic apostille Iowa apostille Finland apostille Brunei Darussalam Certificate of good conduct Vital records Death certificate apostille Niue apostille Liechtenstein apostille Vermont apostille Korea, North apostille Falkland Islands apostille Burkina Faso |
NewsOctober 3, 23Australian journalist puts Methamphetamine Rules as her son’s name on birth certificate Read More » September 29, 23 MO resident livid after controversial baby product business uses her address in articles of incorporation to get business license Read More » September 27, 23 Ohio hospital allegedly fakes time of death on certificate to cover up fatal malpractice over routine heart procedure Read More » September 26, 23 MN man clears erroneous criminal record caused by name similarity with twin brother Read More » |