Cosmo, 39, is still cooling his heels in the Nassau County jail in East Meadow where he’s been held since his arrest for fraud on Jan. 26, 2009. A status conference on the case is scheduled for Sept. 24 in Central Islip and a trial date has been set for January 2011.
Another Agape employee, Richard Barry, 44, pleaded guilty to conspiracy to commit mail fraud last month and could face at least 10 years in prison. Barry, currently free on $200,000 bond, is the only other person besides Cosmo to be charged in the alleged Agape World scam. He is scheduled to be sentenced on Feb. 25, 2011.
VICTIMS SHOULD BE THERE TO SHOW SUPPORT TO THE PROSECUTORS
Friday, September 17, 2010
Monday, September 13, 2010
90 Day Rule
It seems if you were smart enough to ask for a check in the 90 days prior to Agapes Involuntary Bankruptcy - ... youve been or will be asked to... give it back.
Yes Sir. You could have lost tens or hundreds of thousands of dollars over the past 5 years to Agape, but if youve taken any money back in the last 90 days... the trustee feels it should come back to the pool.
Personally, I think this is ridiculous.
1. Investors might have actually gained over the past 5 years (taken more than they invested) and they arent asked to give it back???
2. In these difficult economic times, you want victims to be victimized again (this time by the court and trustees office).
I dont know, maybe its just me. I guess if no one complains, then you must all be happy with the decision.
I quit writing to the blog months ago because I releaized it made no difference.
People lost money. People resigned themselves to fate.
I wonder if they'll continue to take it laying down.
Yes Sir. You could have lost tens or hundreds of thousands of dollars over the past 5 years to Agape, but if youve taken any money back in the last 90 days... the trustee feels it should come back to the pool.
Personally, I think this is ridiculous.
1. Investors might have actually gained over the past 5 years (taken more than they invested) and they arent asked to give it back???
2. In these difficult economic times, you want victims to be victimized again (this time by the court and trustees office).
I dont know, maybe its just me. I guess if no one complains, then you must all be happy with the decision.
I quit writing to the blog months ago because I releaized it made no difference.
People lost money. People resigned themselves to fate.
I wonder if they'll continue to take it laying down.
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Our Strength and Unity
Our Strength and Unity
