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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 .... [More]
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