Case Page

 

Case Status:    DISMISSED    
On or around 06/23/2009 (Notice of voluntarily dismissal)

Filing Date: March 26, 2009

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.

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Life)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: Privately Traded
Market Status: Privately Held

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. New York
DOCKET #: 09-CV-01274
JUDGE: Hon. Arthur D. Spatt
DATE FILED: 03/26/2009
CLASS PERIOD START: 01/01/2003
CLASS PERIOD END: 01/19/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Chavez & Gertler LLP
    1225 Fifteenth Street, NW, Chavez & Gertler LLP, DC 20005
    202.232.7550 202.232.7550 ·
  2. Seeger Weiss LLP (New York)
    One William Street, Seeger Weiss LLP (New York), NY 10004
    212.584.0700 · info@seegerweiss.com
  3. Zamansky & Associates LLC
    50 Broadway - 32nd Floor, Zamansky & Associates LLC , NY 10004
    212.742.1414 212.742.1177 ·
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