Alleged Ponzi Schemer Nicholas Cosmo Back Behind Bars

Long Island Business News › October 10, 2009

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Summary

Alleged Ponzi schemer Nicholas Cosmo was sent back to jail Friday after he violated the terms of his supervised release.

Judge Denis Hurley ruled that Cosmo was "unlikely to abide by the conditions of release" and remanded him to custody until trial. Hurley also said he didn't think Cosmo was trustworthy.

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Alleged Ponzi Schemer Nicholas Cosmo Back Behind Bars

Cosmo, who is accused of bilking about $413 million from th...

See the full content of this document