Accused $413M Ponzi Schemer Cosmo Cops Plea
Cosmo faces the possibility of up to 40 years in prison after pleading guilty to one count of mail fraud and one count of wire fraud in the U.S District Court for the Eastern District of New York, said Robert Nardoza, a spokesman for the U.S. Attorney's office.
Cosmo is slated for sentencing in February.
Cosmo was arrested in January...
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