This Crook Just Keeps on Tickin’

Out of federal prison for mail fraud, Nicholas Cosmo allegedly proceeded to bilk $400 million in a Ponzi scam. While on house arrest, he then broke the terms of release in a variety of ways. This guy couldn’t abide by an order if his life depended on it… well, actually his life was depending on it. Doesn’t appear that his life will be too easy going forward because the judge sent him directly to jail. Get the details in Investment News. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091012/FREE/910129995/1094/INDaily01

October 12, 2009 In: Uncategorized Comments (None)