Four brokers arrested for helping Hauppauge-based Ponzi scheme
Hauppauge, NY (SmithtownRadio.com) – Four associates who allegedly helped a convicted swindler run a worldwide Ponzi scheme out of Hauppauge have been arrested.
Jason Keryc, 34, of Wantagh; Anthony Ciccone, 39, of Locust Valley; Anthony Massaro, 40, of Boynton Beach, Florida; and Diane Kaylor, 36, of Bethpage, are accused of making millions while working with Nicholas Cosmo.
Cosmo, sentenced in October to 25 years in prison, took more than $400 million from 5,000 investors while working out of Hauppauge-based Agape World and Agape Merchant Advance between 2000 and 2009.
Keryc, Ciccone and Kaylor are scheduled for arraignment Wednesday. Massaro is to be arraigned at a later date.