The $212,000 payment that kept his Ponzi running - then stopped
Nicholas Cosmo stands in a Long Island sports complex bought with investor cash - how did it get this far?
The $212,000 payment that kept his Ponzi running - then stopped
In this episode, we lay out the building blocks of the Agape World story: the property purchase, the salesforce, the bookkeeping, and the three numbers prosecutors focused on. What choices and shortcuts let a bridge-lending pitch mask a vast shortfall in actual loans?
Person: Nicholas Cosmo
Location: Hauppauge / Hicksville, Long Island, New York
Event: Purchase and renovation of sports facility converted from a paintball…
The skinny
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