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Nicholas Cosmo

'Mini Madoff' Associates Charged In $400 Million Ponzi Scheme

Reuters | Jessica Dye | Posted 05.03.2012 | Crime

(Reuters) -- Four former employees of a Long Island-based investment firm were charged Wednesday with running a Ponzi fraud that cost more than 4,000 ...

'Mini Madoff' Sentenced To 25 Years In Prison For Ponzi Scheme

Posted 12.14.2011 | Business

NEW YORK (Reuters) - A Long Island man was sentenced to 25 years in prison Friday after admitting to stealing more than $195 million from thousand...

Nicholas Cosmo: Ponzi Schemer's Bail Is Reconsidered by Judge After He Violated Conditions Of Release

AP | Posted 05.25.2011 | New York

CENTRAL ISLIP, N.Y. — A federal judge says a New York businessman accused of orchestrating a $413 million Ponzi scheme has violated conditions o...

Arthur Delaney

Down, Not Out: Scammed By A Mini-Madoff

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Last year Terry DiFranzo started a part-time job at a Target near her Vero Beach, Fla. home, "just to have something to do." DiFranzo, 65, told the Hu...

Mini-Madoffs: The New Breed Of Downmarket Ponzi Schemers (SLIDESHOW, VOTE)

Posted 05.25.2011 | Business

Bernie certainly wasn't alone. As BusinessWeek recently pointed out, there's currently a "bull market for investment scams." Ponzi schemes, in whi...