Judge revokes bail for Nicholas Cosmo, NY businessman accused in $413M Ponzi scheme

CENTRAL ISLIP, N.Y. — A federal judge revoked a $1.25 million bail package Friday for a New York businessman accused of orchestrating a $413 million Ponzi scheme, saying in a blistering rebuke from the bench that Nicholas Cosmo “will bend the rules if he feels it will serve his interests.”

Judge to rule whether NY man accused of orchestrating $413M Ponzi scheme should remain free

CENTRAL ISLIP, N.Y. — A federal judge is expected to decide Friday whether a New York businessman accused of orchestrating a $413 million Ponzi scheme will be permitted to remain free on bail.

Judge: Alleged NY Ponzi schemer broke bail rules; sets hearing on whether to re-jail him

CENTRAL ISLIP, N.Y. — A federal judge says a New York businessman accused of orchestrating a $413 million Ponzi scheme has violated conditions of his release on bail.

Judge considers revoking bail for NY businessman accused of orchestrating $413M Ponzi scheme

CENTRAL ISLIP, N.Y. — A federal judge is considering a request by prosecutors to revoke bail for a New York businessman accused of orchestrating a $413 million Ponzi scheme.

6 yr boy saves sister from burning NY home; 3 found dead

6 yr boy saves sister from burning NY homeCENTRAL ISLIP, N.Y. — Police say a 6-year-old boy rescued his 2-year-old sister from a fire at a Long Island house where three adults later were found dead. They say the boy told them he awoke and smelled smoke and he and his sister began coughing so he led her outside.

Police: Boy saves girl from burning NY home where 3 adults with gunshot wounds are found dead

CENTRAL ISLIP, N.Y. — Police say a 6-year-old boy rescued a 2-year-old girl from a fire at a Long Island house where three adults later were found dead.

NY mom now charged with endangerment for allegedly targeting girl with phony Craigslist ad

CENTRAL ISLIP, N.Y. — Prosecutors have added a child endangerment charge against a Long Island, N.Y., mother accused of posting a suggestive Craigslist ad to target a 9-year-old girl.

NY investment adviser indicted on charges of masterminding $413 million Ponzi scheme

CENTRAL ISLIP, N.Y. — An investment firm owner masterminded a $413 million Ponzi scheme that fleeced more than 6,000 people, a federal indictment charged.

Poll

Would you vote for Barack Obama if he contests today?
Loading ... Loading ...

Latest Tweets

Central Islip

  • jennamicheleee 15 fucking dollars for a one way peak ticket to central islip is CRAZY. that's more expensive than round trip off peak to farmingdale. ugh.
  • _china_travel_ Wehrli (Central Islip) posted a China travel photo: http://bit.ly/bUkgg (chinatravel, tsingtao, qingdao, shandong, china, 5dmarkii)
  • itsjustenough Nicholas Cosmo: Ponzi Schemer's Bail Is Reconsidered After Violating Terms Of Release: CENTRAL ISLIP, N.Y. &.. http://bit.ly/W9eg6
  • WhatsCurrentaff Nicholas Cosmo: Ponzi Schemer's Bail Is Reconsidered After Violating Terms Of Release: CENTRAL ISLIP, N.Y. &.. http://bit.ly/4KhHH
  • _friends_ Margeret (Central Islip) posted a photo: http://bit.ly/3zffJ0 - Looking for NSA encounter today with older man
  • montaukliving weekend highs for lakeland 94 94 93. weekend highs for central islip 65 65 60. FML im gonna freeze to death
  • jobs_ny_clerk #jobFeedr #AdministrativeandSupportServicesjobs Bookkeeping Assistant - Temporary Position (Central Islip) http://jobfeedr.com/?i=322554
  • skylines_ Wilhite (Central Islip) posted a city skyline photo: http://bit.ly/4G3eJr (moskau, russia, moskou, kremlin, skylines, moskva, moscow, river)
  • Spiritualnsight Comments on this Story: CENTRAL ISLIP, NY A New York school district has settled a lawsuit filed by a student.. http://bit.ly/10xKwj
  • AZNews0verviews Flash NY school district settles Bible club suit Arizona Daily Star: CENTRAL ISLIP, N.Y. A New Y.. http://bit.ly/41RrqX
  • LoHud Long Island school district settles Bible club suit: CENTRAL ISLIP, N.Y. (AP) - A Long Island school district h.. http://bit.ly/JrBhG

Latest Friend Feeds

Central Islip

  • steepdecline Tomorow is my first tennis match of the season. Central Islip vs.
  • steepdecline Campbells bakery is a cornerstone of brentwood and central islip. We have bought many "tres leches cakes...
  • tompetom Atlas (Central Islip) posted a photo: http://bit.ly/1FEwgP (days, morning, deesisookleuk, dagen, couple, daisy, lazy, fedor, 365, 365da ...
  • steepdecline BJ's Wholesale Club***** - Best wholesale shopping for brentwood, central islip, islandia #WHEREinNYC http://bit.ly/OfKKF
  • tompetom Atlas (Central Islip) posted an amateur photo: http://bit.ly/1FEwgP (bed, morning, days, daisy, love, fedor, lazy, 365, boyfriend, coupl ...
  • sameerb coreopsis moonbeam (Central Islip, Suffolk Co.)
  • tompetom Atlas (Central Islip) posted an amateur photo: http://bit.ly/1FEwgP (boyfriend, couple, lazy, morning, bed, 365, fedor, love, 365dagen, ...
  • sameerb Handicap Items Free to a needy person (Central Islip)
  • steepdecline Brentwood. Central islip. Then ronkonkoma then home..
  • wooey New York > Central Islip > Women Seeking Men > Margeret Books: Looking for NSA encounter today with older man
  • mirthnadir Ticket Sales Full-Time Intern (2010 Season - College Grads only) - Long Island Ducks (Central Islip, NY)
  • tomartomartini Central Islip Senior High School
  • profjonathan Greetings from Citibank Park in Central Islip, NY, home of the Ducks!
  • kprentiss Headed out to central islip to spend the day with NYIT student leaders.
  • imoracle #FreeNY : Free lamp with shade (Central Islip): This is a free old lamp with a shade. It has character...
  • seanpercival Summons To Debtor In Involuntary Case (Chapter 7 Or 11) (Central Islip)
  • sameerb POOL TABLE (CENTRAL ISLIP)
  • eyewitnessnews Police probe death of Central Islip man
  • deathdying Suffolk detectives probe death of Cen... - Newsday
  • longislandpress New article: Central Islip Man Found Dead: A Central Islip man was found dead in his apartment, acco.. http://cli.gs/L7WPG
Protected by Comment Guard Pro