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