American Greed

Season 6 Episode 60

Nicholas Cosmo: All Interest, No Return

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Aired Thursday 10:00 PM May 03, 2012 on CNBC
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Nicholas Cosmo: All Interest, No Return
AIRED:
Dubbed Long Island’s “mini-Madoff,” Nicholas Cosmo promised big returns on booming real estate investments. Victims from his blue-collar neighborhood entrusted their life savings, but his Ponzi scheme resulted in losses of more than $195 million.
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