Lake Grove man sentenced to 25 years in $400M Ponzi scheme

? A Lake Grove man was sentenced to 25 years in prison today for a $400 million Ponzi scheme.Nicholas Cosmo was sentenced this afternoon in

LAKE GROVE - ? A Lake Grove man was sentenced to 25 years in prison today for a $400 million Ponzi scheme.

Nicholas Cosmo was sentenced this afternoon in federal court in Central Islip.

The former head of the Hauppauge-based Agape World admitted to scamming investors last year.

Cosmo was also ordered to pay more than $179 million in restitution to his victims, who were largely blue-collar workers and veterans, when he is released from prison.Agape Ponzi scheme victims sued in restitution claimAccused LI Ponzi schemer pleads guilty

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