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Alleged Ponzi Scheme Victims Sue BofA, MF Global

Law360 (March 27, 2009, 12:00 AM EDT) -- Investors who say they lost money at the hands of a Long Island, N.Y., investment firm leader who allegedly bilked them out of more than $370 million have filed a class action targeting the firm leader, Bank of America Corp. and futures trading firm MF Global Ltd., among others.

A class action filed Thursday in the U.S. District Court for the Eastern District of New York alleged that Nicholas Cosmo and his two investment firms, Agape World Inc. and Agape Merchant Advance LLC, as well as...
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