Age, Biography and Wiki
Nicholas Cosmo was born on 1971 in Wantagh, NY. Discover Nicholas Cosmo's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 52 years old?
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Nicholas Cosmo Height, Weight & Measurements
At 52 years old, Nicholas Cosmo height not available right now. We will update Nicholas Cosmo's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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| Height | Not Available |
| Weight | Not Available |
| Body Measurements | Not Available |
| Eye Color | Not Available |
| Hair Color | Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family | |
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| Parents | Not Available |
| Wife | Not Available |
| Sibling | Not Available |
| Children | Not Available |
Nicholas Cosmo Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Nicholas Cosmo worth at the age of 52 years old? Nicholas Cosmo’s income source is mostly from being a successful . He is from United States. We have estimated Nicholas Cosmo's net worth , money, salary, income, and assets.
| Net Worth in 2023 | $1 Million - $5 Million |
| Salary in 2023 | Under Review |
| Net Worth in 2022 | Pending |
| Salary in 2022 | Under Review |
| House | Not Available |
| Cars | Not Available |
| Source of Income |
Nicholas Cosmo Social Network
Timeline
The SEC alleged the sales agents falsely promised investor returns as high as 12 – 14 percent, in several weeks when they sold investments offered by Hauppauge-based Agape World. They also misled investors to believe that only 1 percent of their principal was at risk. The Agape securities they peddled were actually non-existent, and investors were merely lured into a Ponzi scheme where earlier investors were paid with new investor funds, according to the SEC.
On April 25, 2012, a criminal complaint was unsealed in federal court in Central Islip, New York charging Jason Keryc, Anthony Massaro, Anthony Ciccone, and Diane Kaylor, former account representatives of Hauppauge, New York-based Agape World Inc. and Agape Merchant Advance (AMA), for their participation in a large-scale Ponzi scheme.
On October 14, 2011, Cosmo was sentenced to 25 years in prison. It has been reported that his crimes represent the 8th largest financial fraud in history, since the first documented flimflam in 1719 involving Scotsman John Law.
Cosmo plead guilty to mail and wire fraud charges on Friday October 29, 2010, and faced up to 40 years in prison. On October 14, 2011, he was sentenced to 25 years in jail. "Those who lie and steal from the investing public are on notice that they face severe penalties", U.S. Attorney Loretta Lynch in Brooklyn said today in a statement. "As recounted today in court by several of his victims, the defendant's actions crushed the hopes and dreams of everyday citizens".
Nicholas Cosmo (born 1971) is an American former businessman and white-collar criminal. He was arrested January 26, 2009 on charges of an estimated $370–413 million Ponzi scheme. Cosmo conducted the scheme using his company Agape World Inc. in Hauppauge, New York, which claimed to make its profits via commercial bridge lending. Authorities arrested him in Hicksville, New York.
Cosmo was arraigned in Islip, New York on January 27, 2009 on charges of mail fraud. Cosmo had previously been convicted of felony fraud in 1999, and had served his sentence of 21 months in prison for the offense.
One of the largest assets of Agape World was an indoor athletic complex purchased for $3.85 million. The complex was sold via auction in June 2009 to a company called Coastal Sports. Cosmo had purchased the 38,000-square-foot (3,500 m) building in Hauppauge, New York for $3.85 million in 2008 and spent another $1 million to transform the former paintball arena into indoor athletic fields.
As of June 2009, Cosmo was unable to post bail. Judge Hurley would not release Cosmo until several conditions were met, including a requirement that Cosmo's relatives agreed to back a $1.25 million bail package secured by their homes and financial accounts.
In October 2009, a federal judge found that Cosmo couldn't be trusted and ended his house arrest after less than three months and returned him to jail to await trial.
Prosecutors stated that Nick Cosmo used $212,000 in Agape funds to pay restitution from the 1999 federal mail fraud conviction.
