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Nicholas Cosmo: All Interest, No Return
Dubbed Long Island’s “mini-Madoff,” Nicholas Cosmo promised big returns on booming real estate investments. Victims from his blue-collar neighborhood entrusted their life savings, but his Ponzi scheme resulted in losses of more than $195 million.
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American Greed:   Nicholas Cosmo: All Interest, No Return
Season 6 : Episode 60
Dubbed Long Island’s “mini-Madoff,” Nicholas Cosmo promised big returns on booming real estate investments. Victims from his blue-collar neighborhood entrusted their life savings, but his Ponzi scheme resulted in losses of more than $195 million.
Aired: 5/3/12
Views: 161
Network:  CNBC
 
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