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Article: COMMODITY FUTURES TRADING COMMISSION CHARGES NICHOLAS COSMO AND AGAPE COMPANIES WITH DEFRAUDING CUSTOMERS OF TENS OF MILLIONS OF DOLLARS IN COMMODITY FUTURES TRADING SCHEME
- Article from:
- US Fed News Service, Including US State News
- Article date:
- January 27, 2009
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The Commodity Futures Trading Commission issued the following enforcement news release:
The U.S. Commodity Futures Trading Commission (CFTC) today filed a federal law suit against Nicholas Cosmo of Lake Grove, New York, Agape World, Inc., (Agape World), and Agape Merchant Advance LLC (Agape Advance), both of Hauppauge, New York (collectively, defendants), charging them with defrauding customers of tens of millions of dollars.
In conjunction with the filing of the complaint today in the United States District Court for the Eastern District of New York, the CFTC is seeking a statutory restraining order freezing assets and preserving records.
In its enforcement action, the CFTC alleges that ...