]BANKER151 said: . One of the companies I own is a title company. I have searched title liens on many of Agape's loans. Have you? After closing who has the lien of the subject project? It's NOT Agape. What does that tell you? The loan is SOLD..
BANKER151 said: The loan that Agape raises money for from the investors (you and me) has already been presold to a normal lender chase ubs etc etc. After the bank o.k.s the loan to Agape they send their approval to their borrower and then and only then do they raise the money.We are acting as the warehouse bank. The time between closing the loan and selling to some lender.It's easy to check. Pick a project and run a lien search on the property.You'll see the assignment from Agape to a new bank.
Ok Mr. title company owner...list the projects and addresses so people here can do the OWN due diligence.
DO RECORDED DOCUMENTS SHOW AN ASSIGNMENT FROM AGAPE TO A NEW BANK? SHOW US or provide the property addresses so people can do their due diligence.
SUCKISSTAPLES said: ]Ok Mr. title company owner...list the projects and addresses so people here can do the OWN due diligence.
DO RECORDED DOCUMENTS SHOW AN ASSIGNMENT FROM AGAPE TO A NEW BANK? SHOW US or provide the property addresses so people can do their due diligence.
Surely you don't expect Banker to spoon-feed you! That information is only privy to serious investors, of which you are clearly not. However, once you write a check for $10k or more, they will gladly provide you this information (or conveniently forget/mislead once you give them the money).
A question in the n00b thread brings back memories of a prior topic. Look in the thread linked below to see how the "investor" pumps up another Ponzi.
mlnbank thread Hello, I am an investor with Millennium Bank, I invested in the United Trust Of Switzerland S.A. and it is for real, I recently spoke to the audit firm to reassure that they are liquid and my finding were that they are very strong, currently the US Government can only cover 0.07 cents on every dollar if the US should go into a depression so FDIC is not what it’s cracked up to be, on the other hand Millennium Bank has the funds to cover 0.98 per dollar.. Do the math. Contact me I can assist you.
Agape claims even better - havent the shills posted theres only a 1% max loss, or 99 cents on the dollar guarantee?
JRDW08
Member
posted: Jul. 25, 2008 @ 4:55p
Yes, 1% risk to principle because AGAPE secures a first position lien on all loans. In the event of default (although this never happens except for that time because of 9/11) the first position allows AGAPE to recoup all funds minus the 1% it costs to liquidate the borrowers assets. Of course the 1% is an industry standard. You can look it up. I did. But I'm not going to tell you how.
No wait, I have that wrong. There is NO first position lien. Forget that it's stated on the company website and in a presentations given by an employee (plus UCC searches only show subordinated positions so we know that's not true anyway). We've been told by THE foremost expert in commercial lending on this thread, that all loans are sold, or I should say PRESOLD, so Agape is actually overstating the risk... It should be 0%. This is done as a marketing strategy. If I told you that you'd get 70% return with 0% risk, you wouldn't believe me. The 1% risk statement is so much more believable.
It works like this-these borrowers go to AGAPE for short term loans that a bank won't give them, but once AGAPE presents it to the bank, of course they buy these loans IMMEDIATELY. They know that AGAPE has turned the commercial lending model upside down and sideways and that they aren't smart enough to figure it out themselves. You got points, yield spread premiums, loans being sold into mortgage backed securites, more points and other stuff you'd never even understand so I won't waste my time..It is MASSIVE MONETARY MANIPULATION and money is being made at every turn- and if you understand this, then you'll understand the business model.
I hope this was helpful. If you don't understand, don't ask me any specifics. I have a $20 million cap on every deal. I'll see you on the other side....or the next golf outing.
hangnailninja
New Member
posted: Jul. 30, 2008 @ 1:36p
I'm only here because I like many others know someone involved in this and he asked me if i wanted in. As far as I can tell he has been paid over the amount of his principal so far but the high rates are pretty lofty and make me nervous. Anyway I'm not for or against it but I came across a company that seems to be almost a mirror image of Agape only they have all this info about returns and such all over their website. Maybe if someone has any experience with these guys it would help this forum
hangnailninja said: I'm only here because I like many others know someone involved in this and he asked me if i wanted in. As far as I can tell he has been paid over the amount of his principal so far but the high rates are pretty lofty and make me nervous. Anyway I'm not for or against it but I came across a company that seems to be almost a mirror image of Agape only they have all this info about returns and such all over their website. Maybe if someone has any experience with these guys it would help this forum
This is tiring .... this other company is likely a scam too....simple whois search shows the site was launched in March of 2008, registered in NY state (though the website says they are based in Jersey) ... hmmm... Where have I heard of New York lately .... oh yeah, Agape ... this is probably the next incarnation of the scam for when Agape finally goes bust. These guys also have the merchant services deal too ... way too similar for coincidence.
TonyBlair123
Member
posted: Jul. 30, 2008 @ 3:08p
civ2k1 said: hangnailninja said: I'm only here because I like many others know someone involved in this and he asked me if i wanted in. As far as I can tell he has been paid over the amount of his principal so far but the high rates are pretty lofty and make me nervous. Anyway I'm not for or against it but I came across a company that seems to be almost a mirror image of Agape only they have all this info about returns and such all over their website. Maybe if someone has any experience with these guys it would help this forum
This is tiring .... this other company is likely a scam too....simple whois search shows the site was launched in March of 2008, registered in NY state (though the website says they are based in Jersey) ... hmmm... Where have I heard of New York lately .... oh yeah, Agape ... this is probably the next incarnation of the scam for when Agape finally goes bust. These guys also have the merchant services deal too ... way too similar for coincidence. Q][/
For what it's worth this company just appears to be a reseller of Agape's investments. So all they do is collect money themselves from investors and give a lower rate of return and then invest the money in Agape themselves. It is not the first company that sprung up doing this and it won't probably be the last. Additionaly, this appears to violate Agape's contract which states the contracts are not to be resold.
xCarsonx
Senior Member
posted: Jul. 30, 2008 @ 3:14p
Failsafe said: Isn't it against some law/regulation/rule/whatever? to borrow money from the bank with the intention of funding a loan with it? -FSTell that to everyone on Prosper. Haha.
TonyBlair123 said: civ2k1 said: hangnailninja said: I'm only here because I like many others know someone involved in this and he asked me if i wanted in. As far as I can tell he has been paid over the amount of his principal so far but the high rates are pretty lofty and make me nervous. Anyway I'm not for or against it but I came across a company that seems to be almost a mirror image of Agape only they have all this info about returns and such all over their website. Maybe if someone has any experience with these guys it would help this forum
This is tiring .... this other company is likely a scam too....simple whois search shows the site was launched in March of 2008, registered in NY state (though the website says they are based in Jersey) ... hmmm... Where have I heard of New York lately .... oh yeah, Agape ... this is probably the next incarnation of the scam for when Agape finally goes bust. These guys also have the merchant services deal too ... way too similar for coincidence. Q][/
For what it's worth this company just appears to be a reseller of Agape's investments. So all they do is collect money themselves from investors and give a lower rate of return and then invest the money in Agape themselves. It is not the first company that sprung up doing this and it won't probably be the last. Additionaly, this appears to violate Agape's contract which states the contracts are not to be resold. But Agape resells the contracts to banks. And you can invest in banks......
Also, look up the Doctrine of First Sale. Agape can make no such demands in their contract.
TonyBlair123
Member
posted: Jul. 30, 2008 @ 3:23p
kamalktk said: TonyBlair123 said: civ2k1 said: hangnailninja said: I'm only here because I like many others know someone involved in this and he asked me if i wanted in. As far as I can tell he has been paid over the amount of his principal so far but the high rates are pretty lofty and make me nervous. Anyway I'm not for or against it but I came across a company that seems to be almost a mirror image of Agape only they have all this info about returns and such all over their website. Maybe if someone has any experience with these guys it would help this forum
This is tiring .... this other company is likely a scam too....simple whois search shows the site was launched in March of 2008, registered in NY state (though the website says they are based in Jersey) ... hmmm... Where have I heard of New York lately .... oh yeah, Agape ... this is probably the next incarnation of the scam for when Agape finally goes bust. These guys also have the merchant services deal too ... way too similar for coincidence. Q][/
For what it's worth this company just appears to be a reseller of Agape's investments. So all they do is collect money themselves from investors and give a lower rate of return and then invest the money in Agape themselves. It is not the first company that sprung up doing this and it won't probably be the last. Additionaly, this appears to violate Agape's contract which states the contracts are not to be resold. But Agape resells the contracts to banks. And you can invest in banks......
Also, look up the Doctrine of First Sale. Agape can make no such demands in their contract.
They can make any demands they want because all they have to do is not allow you to invest in the next contract. Anyway I believe the Doctrine of First Sale applies to copyright law and using a product that is purchased by an end user and does not apply to investments.
reacharound
Member
posted: Jul. 30, 2008 @ 11:34p
It's an obvious scam. Luckily the internet creates a forum to warn other potential investors and hopefully alert the proper authorities to shut these guys down.
nothing adds up here, and the operation is so shady...the contracts look like they were written by a novice. Their marketing material looks like amateur hour. You will have a hard time locating an actual deal they have done. Goldan LLC? try calling them, number is disconnected. Agape Merchants?...just another way to get MORE money from current investors to keep the gravy train rolling. This is going to crash and burn hard, I feel for the innocent people wrapped up in this...but greed always gets you in the end.
reacharound
Member
posted: Jul. 30, 2008 @ 11:37p
here is an example of one of their CURRENT contracts that started two days ago...this is all the info that is shared with potential investors:
CONTRACT TALKING POINTS
Carriage Homes & Marina Development, LLC Phase I • Acquisition, and Construction financing, multiple phased project • Land, and Marina development • Agape Construction Management oversight • Experienced Contractor with proven track record • Resort, Hotel (Flag) • Coastal Maine
*If anyone requires a detailed profile of any contract, please contact operations
reacharound
Member
posted: Jul. 31, 2008 @ 9:40a
Like many of you, I have several pals involved with this. I have been approached numerous times to join, and have even been sent the contracts. I am not an experienced investor, but am always skeptical as I have tried various "get rich quick" schemes during my time. This just doesn't pass the sniff test in my opinion. Something stinks, I hope that I am wrong - I would hate to see people get burnt.
Why doesn't Mr Cosmo come on this forum and explain his business model? You know he sees this, any Google search with his name and Agape and it comes up. Maybe he could shed some light on everyone's concerns.
reacharound said: have even been sent the contracts. wikileaks.org ..... Alternately, If you are willing to scan and email them, I will publish them as I did UFF analysis. You can PM me for an email address.
checkmate51
Member
posted: Jul. 31, 2008 @ 11:20a
Because it's very hard to explain a scam to sensible people who can see past the greed and much easier to just prey upon the greedy, although it might behoove Mr.Cosmo to brush up on that skill for the inevitable conversation he will someday have with the Feds.
wilkinru
Senior Member
posted: Jul. 31, 2008 @ 12:28p
keep it coming guys. i love reading about these scams on here.
suckisstables needs to make a best of book or something.
kamalktk said: reacharound said: have even been sent the contracts. wikileaks.org ..... Alternately, If you are willing to scan and email them, I will publish them as I did UFF analysis. You can PM me for an email address. reacharound has pm'd me. I will post the contract once received and scrubbed of any personal information on it.
alohaq99 said: BANKER151 said: I'll end tonight simple by making this last comment. If Agape is a scheme why does the company limit investors per contract dollar amount. They limit us on every contract.
Banker -
I am also an investor in Agape. I have the money spread out over 4 bridge loans and a little in the merchant account. Question: What is the limit per contract dollar amount? My rep has never mentioned limitations. Also, what is your current return? I am getting 12% now on the latest contract. Is anyone else out there getting a higher rate? I've heard 13%? Any of the current investors are free to chime in here....
Thanks
I am an investor. My last contract was 13% and my current one is 11%. It varies slightly on every deal.
reacharound
Member
posted: Jul. 31, 2008 @ 6:00p
but wouldn't that indicate that the well is running dry? The guys I know that have been doing this were talking about 14% over 45 days a couple years ago...now it's down to 11-12% over 70+ days. The fact that it is dwindling is a red flag, no? Maybe someone smarter than me can answer that.
I have received the documents. However, as reacharound has expressed concern about the the possibility the document could be traced back to him or her, they will not be posted. My offer remains valid to others.
Incidentally, OpenOffice is my office of choice, but the document was horrifically mangled beyond recognition. I was forced to use a copy of Office 2007 I got at a MS launch event.
PVTEYE
Member
posted: Aug. 1, 2008 @ 10:21p
If you do some proper research and look at federal criminal cases in NY (use Pacer) as well as call the NASD you will get the answers you all seek. Let the truth set you free and hope your money is there when the smoke clears.
PVTEYE said: If you do some proper research and look at federal criminal cases in NY (use Pacer) as well as call the NASD you will get the answers you all seek. Let the truth set you free and hope your money is there when the smoke clears.
Thanks for the tip , actually I feel a little stupid, as all you have to do is type Nicholas-Cosmo bankruptcy in Google to find that he just filed bankruptcy for a different company. I can't find my pacer login so I am not sure on the criminal cases.
JM80 said: Thanks for the tip , actually I feel a little stupid, as all you have to do is type Nicholas-Cosmo bankruptcy in Google to find that he just filed bankruptcy for a different company. I can't find my pacer login so I am not sure on the criminal cases.
And it's happening. Is it weird that the owner of the most profitable "investment" company in the world owns a auto Body Shop that is declaring bankruptcy? Not if Agape World, Inc. is a ponzi/HYIP scam!
Hope people reading this thread were smart enough to pull their money out before, it's almost certainly too late now.
While you may be right. I think the Nicholas Cosmo who filed for bankruptcy is actually Nicholas J. Cosmo who is 53 years old and has his permanent residence in bethpage and not the Nick Cosmo from Agape. I say this because all of the Nick Cosmo listings for Farmingdale say the person is 53 which matches up with the Nicholas J. Cosmo from bethpage.
30 Nicholas J Cosmo 53 Farmingdale, NY View Details
31 Nicholas J Cosmo 53 Farmingdale, NY View Details
32 Nicholas J Cosmo 53 Farmingdale, NY View Details
While I may be completely wrong I believe it is enough that someone should have to show some proof that it is the same person and not just keep making blanket statements of guilt. And if someone can show it is the same person I would love to know. I am not just playing devil's advocate. I would really like to know as many "truths" as possible.
JRDW08
Member
posted: Aug. 2, 2008 @ 8:43a
TonyBlair makes a good point- I can't ascertain from the report any personal info (DOB) to confirm this is not someone else with the same name, but since someone came out of nowhere to mention the NASD, I figured I'd post this.
This from the NASD Disciplinary Action reports for June 1999. (http://www.finra.org/web/groups/enforcement/documents/monthly_disciplinary_actions/p007544.pdf). Since this was essentially stealing money and creating false statements, I would assume this is where you would find the criminal charge. I don't have access to Pacer so I couldn't check.
Nicholas Joseph Cosmo (CRD #2452953, Registered Principal, Wantagh, New York) submitted a Letter of Acceptance, Waiver, and Consent pursuant to which he was censured, fined $68,209, and barred from association with any NASD member in any capacity. Without admitting or denying the allegations, Cosmo consented to the described sanctions and to the entry of findings that he replaced a public customer’s name on an account transfer form with the name of an account at a member firm over which he had sole control, and attached to the transfer form a letter authorizing the transfer of the customer’s account to the firm account he controlled, without the customer’s knowledge or consent. The findings also stated that Cosmo provided the customer with an account statement and trade confirmation, purportedly reflecting the customer’s account at the firm when, in fact, no such account existed. (NASD Case #C10990053)
TonyBlair123
Member
posted: Aug. 2, 2008 @ 10:41a
JRDW08 said: TonyBlair makes a good point- I can't ascertain from the report any personal info (DOB) to confirm this is not someone else with the same name, but since someone came out of nowhere to mention the NASD, I figured I'd post this.
This from the NASD Disciplinary Action reports for June 1999. (http://www.finra.org/web/groups/enforcement/documents/monthly_disciplinary_actions/p007544.pdf). Since this was essentially stealing money and creating false statements, I would assume this is where you would find the criminal charge. I don't have access to Pacer so I couldn't check.
Nicholas Joseph Cosmo (CRD #2452953, Registered Principal, Wantagh, New York) submitted a Letter of Acceptance, Waiver, and Consent pursuant to which he was censured, fined $68,209, and barred from association with any NASD member in any capacity. Without admitting or denying the allegations, Cosmo consented to the described sanctions and to the entry of findings that he replaced a public customer’s name on an account transfer form with the name of an account at a member firm over which he had sole control, and attached to the transfer form a letter authorizing the transfer of the customer’s account to the firm account he controlled, without the customer’s knowledge or consent. The findings also stated that Cosmo provided the customer with an account statement and trade confirmation, purportedly reflecting the customer’s account at the firm when, in fact, no such account existed. (NASD Case #C10990053)
Edit: his middle name is Joseph
checkmate51
Member
posted: Aug. 2, 2008 @ 11:04a
Don't no if his middle name starts with ABCDEFGHIJKLMNOP but I do know he has lived and may still live in Wantagh NY and is involved with the Wantagh-Levittown little league
JRDW08
Member
posted: Aug. 2, 2008 @ 11:13a
PVTEYE- you seem to have some knoweledge on this. care to shed some light?
timba1ross
New Member
posted: Aug. 2, 2008 @ 11:22a
Company Details Location: Hauppauge, NY Founders: Nicholas Cosmo, 36
JRDW08
Member
posted: Aug. 2, 2008 @ 12:00p
TonyBlair- The middle initial is in fact J (I googled endlessly to get this). Curious as to why you said you thought it was A or E???
Checkmate states he has knowledge that he lived in Wantagh at some point. And it shows on the link you provided that 37 and 71 was the only age listed for a Nicholas J Cosmo in Wantagh.
The NASD Disciplinary report was 1999 when Nicholas J Cosmo from Wantagh got kicked out of the NASD, coincidentally or not the same time Agape world states they started business.
Any thoughts?
TonyBlair123
Member
posted: Aug. 2, 2008 @ 12:15p
JRDW08 said: TonyBlair- The middle initial is in fact J (I googled endlessly to get this). Curious as to why you said you thought it was A or E???
Checkmate states he has knowledge that he lived in Wantagh at some point. And it shows on the link you provided that 37 and 71 was the only age listed for a Nicholas J Cosmo in Wantagh.
The NASD Disciplinary report was 1999 when Nicholas J Cosmo from Wantagh got kicked out of the NASD, coincidentally or not the same time Agape world states they started business.
TonyBlair123 said: Xnarg said: gludlow said: ...Hope people reading this thread were smart enough to pull their money out before, it's almost certainly too late now.
While you may be right. I think the Nicholas Cosmo who filed for bankruptcy is actually Nicholas J. Cosmo who is 53 years old and has his permanent residence in bethpage and not the Nick Cosmo from Agape. I say this because all of the Nick Cosmo listings for Farmingdale say the person is 53 which matches up with the Nicholas J. Cosmo from bethpage.
30 Nicholas J Cosmo 53 Farmingdale, NY View Details
31 Nicholas J Cosmo 53 Farmingdale, NY View Details
32 Nicholas J Cosmo 53 Farmingdale, NY View Details
While I may be completely wrong I believe it is enough that someone should have to show some proof that it is the same person and not just keep making blanket statements of guilt. And if someone can show it is the same person I would love to know. I am not just playing devil's advocate. I would really like to know as many "truths" as possible.
What exactly leads you to believe it is Nicholas J Cosmo? I saw no mention of a middle initial, and I cannot search New york business data bases at the moment.
PVTEYE
Member
posted: Aug. 2, 2008 @ 12:34p
Here is a Pacer Report
U.S. District Court Eastern District of New York (Uniondale) CRIMINAL DOCKET FOR CASE #: 9:98-cr-00089-ADS-1
Case title: USA v. Cosmo Magistrate judge case number: 1:97-mj-01936
Date Filed: 01/27/1998 Date Terminated: 01/15/1999
-------------------------------------------------------------------------------- Assigned to: Senior-Judge Arthur D. Spatt
Defendant (1) Nicholas Cosmo TERMINATED: 01/15/1999 represented by Heidi C. Cesare Federal Defenders of New York, Inc. 16 Court Street 3rd Floor Brooklyn, NY 11201-4859 (718) 330-1200 Fax: 718-855-0760 Email: heidi_cesare@fd.org TERMINATED: 01/15/1999 LEAD ATTORNEY ATTORNEY TO BE NOTICED Designation: Public Defender or Community Defender Appointment
Pending Counts Disposition 18:1341.F, 3551 et seq. FRAUDS AND SWINDLES (1) JUDGMENT Nicholas Cosmo (1) count (s) 1. Imprisonment: 21 months. Supervised Release: 3 years. Restitution: $135,000.00. Special Assessment: $100.00. AMENDED JUDGMENT: Imprisonment: 21 months. Supervised Release: 3 years. Restituion: $ 177,000.00. Special Assessment: $100.00.
Highest Offense Level (Opening) Felony
Terminated Counts Disposition 18:1341.F, 3551 et seq. FRAUDS AND SWINDLES (2) 18:1341.F and 3551 et seq. FRAUDS AND SWINDLES (3)
Plaintiff USA represented by Ilene Weininger Jaroslaw United States Attorneys Office, Eastern District of New York Criminal Division 271 Cadman Plaza East Brooklyn, NY 11201-1820 (718) 254-6236 Fax: 718-254-6076 Email: ilene.jaroslaw@usdoj.gov LEAD ATTORNEY ATTORNEY TO BE NOTICED Designation: Retained
Date Filed # Docket Text 12/30/1997 1 COMPLAINT as to Nicholas Cosmo, filed. [ 1:97-m -1936 ] (Mulqueen, Ellen) (Entered: 01/05/1998) 12/30/1997 ARREST of Nicholas Cosmo [ 1:97-m -1936 ] (Mulqueen, Ellen) (Entered: 01/05/1998) 12/30/1997 Magistrate Arraignment as to Nicholas Cosmo held on 12/30/97 @11:25am before M.J. Chrein. AUSA Ilene Jaroslaw present. Heidi Poreda appointed as LAS counsel. (log #97/90 2465 to 2625) Deft released on OR bond. Deft waives preliminary hearing. (Defendant informed of rights.) [ 1:97-m -1936 ] (Mulqueen, Ellen) (Entered: 01/05/1998) 12/30/1997 2 OR BOND entered by Nicholas Cosmo in Amount $ 0 ( Signed by Magistrate A. S. Chrein , dated 12/30/97) [ 1:97-m -1936 ] (Mulqueen, Ellen) (Entered: 01/05/1998) 01/27/1998 3 CALENDAR ENTRY as to Nicholas Cosmo ; Case called before Magistrate Robert M. Levy on date of 1/27/98 for Grand Jury Presentment. [ 1:97-m -1936 ] (Giangarra, Laura) (Entered: 01/28/1998) 01/27/1998 4 INDICTMENT as to Nicholas Cosmo (1) count(s) 1-2, 3 (Branciforte, Ralph) (Entered: 02/05/1998) 01/27/1998 Magistrate Lindsay has been selected by random selection to handle any matters that may be referred in this case. (Branciforte, Ralph) (Entered: 02/05/1998) 02/06/1998 District Court Arraignment as to Nicholas Cosmo held Nicholas Cosmo (1) count(s) 1-2 (fe) (Entered: 02/17/1998) 02/06/1998 5 CALENDAR ENTRY as to Nicholas Cosmo ; Case called before Judge Arthur D. Spatt on date of 2/6/98 at 10:00 am for cr cause for pleading; deft appears on bail w/ LAS cnsl Tracey Eadie Gaffey; AUSA Demetri Jones for Ilene Jaroslaw; Court Reporter/ESR Owen Wicker, Not Guilty: Nicholas Cosmo (1) count(s) 1-2, 3 , set status conference for 9:00 3/6/98 for Nicholas Cosmo before Judge Arthur D. Spatt Speedy Trial XT ordered from 2/6/98 thru 3/6/98, excludable delay entered on the record. (fe) (Entered: 02/17/1998) 02/06/1998 6 WAIVER OF SPEEDY TRIAL ORDER of EXCLUDABLE DELAY as to Nicholas Cosmo from 2/6/98 through 3/6/98 code XT ( Signed by Judge Arthur D. Spatt , dated: 2/6/98) (fe) (Entered: 02/17/1998) 02/06/1998 7 ORDER Bond set to $10,000.00 Unsecured for Nicholas Cosmo. Additional Conditions of Release: The defendant must remain in and may not leave the Continental U.S. ( Signed by Judge Arthur D. Spatt , dated: 2/6/98) (fe) (Entered: 02/17/1998) 03/06/1998 Status conference as to Nicholas Cosmo held (fe) (Entered: 03/27/1998) 03/06/1998 9 CALENDAR ENTRY as to Nicholas Cosmo; Case called before Judge Arthur D. Spatt on date of 3/6/98 @ 9:00am for Cr. Cause for Status Conf. Deft present with Tracey Gaffey (LAS); Govt: Ilene Jaroslaw; Court Reporter/ESR Owen Wicker, set status conference for 10:30 4/10/98 for Nicholas Cosmo before Judge Arthur D. Spatt Deft waives speedy trial from 3/6/98 to 4/10/98 (fe) (Entered: 03/27/1998) 03/06/1998 10 WAIVER OF SPEEDY TRIAL/ORDER OF EXCLUDABLE DELAY as to Nicholas Cosmo from 3/6/98 to 4/10/98 ( Signed by Judge Arthur D. Spatt, dated: 3/6/98) (fe) (Entered: 03/27/1998) 03/23/1998 8 LETTER dated 2/27/98 from Daniel R. Alonso, AUSA, to Tracey Gaffey re: this letter is to provide you with preliminary discovery in this case. (fe) (Entered: 03/27/1998) 04/10/1998 11 CALENDAR ENTRY as to Nicholas Cosmo; Case called before Judge Arthur D. Spatt on date of 4/10/98 @ 10:30am for Cr. Cause for Pleading. Deft present on bail with LAS counsel Tracey Eadie Gaffey; Govt: Daniel Alonso; Court Reporter/ESR Harry Rapaport. Deft's attorney is engaged in a matter before Judge Hurley in Hauppauge. Case is adjourned until 5/15/98 @10:00am and deft waives his right to have his atty present. Speedy Trial Info. on deft Cosmo> Code Type: T; Still in effect; Waiver; Start date: 4/10/98; Stop Date: 5/15/98. Deft executes waiver of speedy trial and consents to do so without his counsel present. Case recalled @ 12:00 noon because deft's atty has appeared. Deft's atty consents on the record for the Court having proceeded without here and deft's atty also consents to adjournment and executes waiver of speedy trial from 4/10/98 to 5/15/98 (fe) (Entered: 04/15/1998) 04/10/1998 12 WAIVER OF SPEEDY TRIAL/ORDER OF EXCLUDABLE DELAY as to Nicholas Cosmo from 4/10/98 to 5/15/98 ( Signed by Judge Arthur D. Spatt, dated: 4/10/98) (fe) Modified on 04/15/1998 (Entered: 04/15/1998) 05/19/1998 SEALED DOCUMENT as to Nicholas Cosmo placed in vault. (fe) (Entered: 05/20/1998) 01/15/1999 Sentencing held Nicholas Cosmo (1) count(s) 1 (Toritto, James) (Entered: 02/05/1999) 01/15/1999 13 CALENDAR ENTRY as to Nicholas Cosmo; Case called before Judge Arthur D. Spatt on date of 1/15/99 for criminal cause for sentencing Court Reporter/ESR Ronald Tolkin Dft present on bail with LAS counsel Tracey Gaffey Govt: AUSA Dan Alonso Probation Officer: Holly Kaplan Sentencing held. Statements of dft and counsel heard. Court accepts facts as set in 2 adendums to PSR. Dft sentenced to 21 months incarceration. Dft to receive extensive gambling therapy. Court denies dft's applicationto send dft to a "Boot Camp". Three years supoervised release imposed. DFt to receive intensive out-patient gambling therapy at the direction of Probation Department and dft is to submit full financial disclosure to Probation as directed. Dft to pay restitution in the sum of $135,00. Payments are at a rate of 100% of dft's gross monthly income to commnce at the start of his term of supervised release. Dft to surrender 2/16/99 by 12:00 p.m. to US Marshal, or Institution. The remaining counts are dismissed on Government's motion. Court advised dft of right to appeal. (Toritto, James) (Entered: 02/05/1999) 01/15/1999 14 JUDGMENT Nicholas Cosmo (1) count(s) 1. The dft pleaded guilty to count 1 (3 Count Indictment). Counts 2 and 3 are dismissed on the motion of the US. The dft is hereby committed to the custody of the US Bureau of Prisons to be imprisoned for a term of twenty one (21) months. The dft is to receive intensive gambling therapy. The Court makes the following recommendations: that the dft serve his entire sentence in a facility that offers an intensive gambling therapy prgram. The dft shall surrender to the US Marshal, or to the Institution designated, at 12:00 p.m. on 2/16/99. Upon release from imprisonment, the dft shall be on supervised release for a term of three (3) years. SPECIAL CONDITIONS: 1. The dft is to participate in gambling therapy; 2. Submit full financial disclosure as directed by Probation; 3. dft shall pay restitution in the sum of $135,000. Payments are at a rate of 10% of the dfts gross income to commence at the start of his term of supervised release. The dft shall make restitution to the following persons in the following amounts: Payee- US Attorney's Office; Amount - $135,000.00. Victims: J.W. Charles, Richard Howard, Don Hoyer, Michael Meeks, Harolyn Kotzen & Robert Gonzalez, Michael Ninivaggi, David O'Kelley, Lawrence Ricci, Navin Patel. Special assessment of $100.00. ( Signed by Judge Arthur D. Spatt , Dated 1/15/99) (Toritto, James) (Entered: 02/05/1999) 01/15/1999 DISMISSAL of Count(s) on Government Motion as to Nicholas Cosmo party Nicholas Cosmo Counts Dismissed: Nicholas Cosmo (1) count(s) 2, 3 (Toritto, James) (Entered: 02/05/1999) 01/21/1999 16 AMENDED JUDGMENT: Nicholas Cosmo (1) count(s) 1. JUDGMENT Nicholas Cosmo (1) count (s) 1. Imprisonment: 21 months. Supervised Release: 3 years. Restitution: $135,000.00. Special Assessment: $100.00. AMENDED JUDGMENT: The defendant is hereby committed to the custody of the U.S. Bureau of Prisons to be imprisoned for a term of 21 months. The defendant is to receive intensive gambling therapy. The court makes the following recommendations to the Bureau of Prisons: that the deft. serve his entire sentence in a facility that offers an intensive gambling therapy program. The deft. shall surrender to the U.S. Marshal for the EDNY/or to the institution if designated at 12:00 noon on 2/16/99. Upon release from imprisonment, the deft. shall be on supervised release for a term of 3 years with the special conditions: 1) the deft. is to participate in intensive outpatient gambling therapy at the direction of the Probation Department. 2) The deft. is to submit full financial disclosure as directed by the probation department. 3) The deft. shall pay restitution in the sum of $177,000.00. Payments are to be at a rate of 10% of the deft's gross monthly income to commence at the start of his term of supervised release to the U.S. Attorney's Office, 1 Pierrepont Plaza, Brooklyn, NY 11201 to distribute to the victims pro rata. Any monies paid by money from the Charles Schwab account should be paid to the Clerk of the Court 225 Cadman Plaza East, Brooklyn, NY 11201. Restitution to be paid to the following persons in the following amounts: (see J&C for details). Payments of restitution are to be made to the U.S. Attorney for transfer to the payee. Counts two and three are dismissed on the motion of the U.S. It is ordered that the deft. shall pay to the U.S. a special assessment of $100.00 which shall be due immediately. (Signed by Judge Arthur D. Spatt, on 1/21/99). c/m (Coleman, Laurie) (Entered: 07/21/2000) 01/28/1999 15 LETTER dated 1/28/99 from Daniel Alonso to Judge Spatt RE: Respectfully request that the Court correct the sentence to reflect Mr. Adamowicz as a victim to whom restitution is owed. (Toritto, James) (Entered: 02/05/1999) 02/26/1999 17 Judgment Returned Executed as to Nicholas Cosmo ; on 2/16/99; Defendant delivered to Allenwood Federal Prison Montgomery, PA. 17752. (Drayton, Lorraine) (Entered: 02/26/1999)
checkmate51
Member
posted: Aug. 2, 2008 @ 1:12p
PVTEYE..............Was search done on Nicholas J Cosmo 37 of Wantagh NY
timba1ross
New Member
posted: Aug. 2, 2008 @ 1:16p
is there some sort of law that prohibits those with felony convictions from running such a business?
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