Judge: Accused LI schemer broke bail rules
(AP) - A federal judge says a New Yorkbusinessman accused of orchestrating a $413 million Ponzi schemehas violated conditions of his release on bail. But U.S. District Court Judge Denis Hurley allowed
•
Oct 8, 2009, 11:15 PM
•
Updated 5,558 days ago
Share:
(AP) - A federal judge says a New Yorkbusinessman accused of orchestrating a $413 million Ponzi schemehas violated conditions of his release on bail.
But U.S. District Court Judge Denis Hurley allowed NicholasCosmo to remain free pending a Friday hearing on whether to revokehis $1.25 million bail package.
Hurley agreed with prosecutors following a two-day hearing thatCosmo violated bail conditions by using a computer, and asking hisgirlfriend to download some of his business e-mails.
The former head of Long Island-based Agape Worldand Agape Merchant Advance in New York City has pleaded not guiltyto charges he fleeced some 6,000 people.
He was released in July provided he remain under house arrest athis parent's Wantagh home, which includes monitoring bya private security firm.
More from News 12
1:59
Exclusive: Video shows Mastic Beach woman race across ice to save man who fell into frigid water
2:10
Rounds of rain to end 2024; temps set to jump
0:31
Police: Woman dies in Christmas Eve stabbing in Massapequa
1:25
Officials: 3 firefighters injured; multiple residents displaced by Jericho condo fire
1:20
4-year-old found alone in Wantagh on Christmas night, reunited with family
1:33
