Agape World, Inc., ("Agape") purportedly an investment company that claimed to make money for investors through real estate loans, was in reality a Ponzi scheme run by Nicholas Cosmo.

According to the Complaint filed March 26, 2009, through Agape, Cosmo falsely convinced Plaintiffs and other investors that he was financing bridge loans for construction projects or other real estate developments. He failed to advise these investors that he re-sold those very same interests hundreds of times to other unknowing investors. For example, he would provide a $1 million dollar loan to a developer and sell participations from investors totaling $60 million from investors. He used the excess or "extra" money raised to: (1) pay handsome returns to early investors and his confederates; (2) reward and incentivize "brokers" who brought in new investor money; and, ultimately (3) conduct rampant and speculative commodities trading. Throughout the scheme, he spent investor funds excessively on his own lavish personal lifestyle.

Plaintiff filed an Amended Complaint on April 29, 2009. On June 9, 2009, Plaintiff voluntarily dismissed the case. The case continues under Docket 09-CV-01606.

On June 29, 2009, the Court issued an order consolidating cases. The consolidated cases are captioned: "In Re: Agape Litigation." Plaintiff filed a consolidated Complaint on July 17, 2009.

On August 31, 2009, Defendants filed a Motion to Dismiss the Complaint. The Court issued an Order granting the Motion to Dismiss with leave to file an amended Complaint. Plaintiff filed an amended Complaint on March 31, 2010. Defendants filed a Motion to Dismiss the amended Complaint on April 30. The Court granted the Motion to Dismiss certain Defendants on March 29, 2011.

On July 29, 2011, Plaintiffs filed a Notice of Appeal of the Court's Decision. On February 16, 2012, the Court of Appeals affirmed the District Court's judgment. On March 7, Plaintiffs voluntarily dismissed the action without prejudice.