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Agape World
Nicholas Cosmo (born 1971) is an American former businessman and white-collar criminal. He was arrested January 26, 2009 on charges of an estimated $370–413 million Ponzi scheme. Cosmo conducted the scheme using his company Agape World Inc. in Hauppauge, New York, which claimed to make its profits via commercial bridge lending. Authorities arrested him in Hicksville, New York. Cosmo was arraigned in Islip, New York on January 27, 2009 on charges of mail fraud."Financier Arrested on Charges of $400 Million Ponzi Scheme" Reuters via Yahoo News (January 27, 2009) Cosmo had previously been convicted of felony fraud in 1999, and had served his sentence of 21 months in prison for the offense. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Collar Crime
The term "white-collar crime" refers to financially motivated, nonviolent or non-directly violent crime committed by individuals, businesses and government professionals. It was first defined by the sociologist Edwin Sutherland in 1939 as "a crime committed by a person of respectability and high social status in the course of their occupation". Typical white-collar crimes could include wage theft, fraud, bribery, Ponzi schemes, insider trading, labor racketeering, embezzlement, cybercrime, copyright infringement, money laundering, identity theft, and forgery. White-collar crime overlaps with corporate crime. Definitional issues Modern criminology generally prefers to classify the type of crime and the topic: *By the type of offense, e.g., property crime, economic crime, and other corporate crimes like environmental and health and safety law violations. Some crime is only possible because of the identity of the offender, e.g., transnational money laundering requires the partic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hauppauge, New York
Hauppauge ( ) is a Hamlet (New York), hamlet and census-designated place (CDP) in the Administrative divisions of New York#Town, towns of Islip, New York, Islip and Smithtown, New York, Smithtown in Suffolk County, New York on Long Island. The population was 20,882 at the time of the 2010 census. Geography Hauppauge is located at (40.818205, -73.206878). According to the United States Census Bureau, the CDP has a total area of , of which is land and , or 1.37%, is water. The name is derived from the Native American word for "sweet waters." Local Native American tribes would get their fresh drinking water from this area, instead of near Lake Ronkonkoma (lake), Lake Ronkonkoma where the water was not potable. Hauppauge is known for the underground water springs and high underground water table. History The first house in greater Hauppauge, according to historian Simeon Wood, dates as far back as 1731, being located on what would be the Arbuckle Estate, and later the southeast corn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bridge Loan
A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan. In South African usage, the term bridging finance is more common, but is used in a more restricted sense than is common elsewhere. A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to "take out" (i.e. to pay back) the bridge loan, as well as other capitalization needs. Bridge loans are typically more expensive than conventional financing, to compensate for the additional risk. Bridge loans typically have a higher interest rate, points (points are essentially fees, 1 point equals 1% of loan amount), and other costs that are amortized over a shorter period ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hicksville, New York
Hicksville is a hamlet and census-designated place (CDP) within the Town of Oyster Bay in Nassau County, on Long Island, in New York. The population of the CDP was 41,547 at the 2010 census. History Valentine Hicks, son-in-law of abolitionist and Quaker preacher Elias Hicks, and eventual president of the Long Island Rail Road, bought land in the village in 1834 and turned it into a station stop on the LIRR in 1837. The station became a depot for produce, particularly cucumbers for a Heinz Company plant. After a blight destroyed the cucumber crops, the farmers grew potatoes. It turned into a bustling New York City suburb in the building boom following World War II.Ron Ziel and George H. Foster, Steel Rails to the Sunrise, ©1965 The hamlet was named for Valentine Hicks. Failed incorporation attempt In 1953, Hicksville attempted to incorporate itself as the Incorporated Village of Hicksville. Many residents felt that by incorporating as a village, the community would be run m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islip (CDP), New York
Islip ( ) is a hamlet and census-designated place (CDP) that lies within the town of the same name in Suffolk County, New York. Located on the south shore of Long Island, the CDP had a population of 18,869 at the time of the 2010 census, a decline of 8% from the 2000 census. Geography According to the United States Census Bureau, the CDP of Islip has a total area of . is land and , or 2.43%, is water. Islip is situated on Long Island's South Shore, on the north side of Great South Bay, across from Fire Island. The Seatuck National Wildlife Refuge is located at its southeastern corner. Demographics Demographics of the CDP As of the census of 2000, there were 20,575 people, 6,868 households and 5,302 families residing in Islip CDP. The population density was 3,808.8 per square mile (1,471.1/km2). There were 7,026 housing units, at an average density of 1,300.6/sq mi (502.4/km2). The racial makeup of Islip was 87.67% White, 10.67% Hispanic, 4.90% Black or African-Ame ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mail Fraud
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical or electronic mail system to defraud another, and are federal crimes there. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or international borders. Mail fraud Mail fraud was first defined in the United States in 1872. provides: Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use any counterfeit or spurious coin, obligation, security, or other article, or anything represented to be or intimated or held out to be such counterfeit or spurious article, for the purpose of executing such scheme or artifice or attempting so to do, places in any post office or authorized depository for mail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Law (economist)
John Law (pronounced in French in the traditional approximation of ''Laws'', the colloquial Scottish form of the name; 21 April 1671 – 21 March 1729) was a Scottish economist who distinguished money, a means of Financial transaction, exchange, from national wealth dependent on trade. He served as Controller General of Finances under the Philippe II, Duke of Orléans, Duke of Orleans, who was regent for the juvenile Louis XV of France. In 1716, Law set up a private Banque Générale in France. A year later it was nationalised at his request and renamed as Banque Royale. The private bank had been funded mainly by John Law and Louis XV; three-quarters of its capital (economics), capital consisted of government bills and government-accepted notes, effectively making it the nation's first central bank. Backed only partially by silver, it was a Fractional-reserve banking, fractional reserve bank. Law also set up and directed the Mississippi Scheme, Mississippi Company, funded by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loretta Lynch
Loretta Elizabeth Lynch (born May 21, 1959) is an American lawyer who served as the 83rd attorney general of the United States from 2015 to 2017. She was appointed by President Barack Obama to succeed Eric Holder and previously served as the United States Attorney for the Eastern District of New York under Presidents Bill Clinton (1999–2001), George W Bush (2001) and Obama (2010–2015). As a U.S. attorney, Lynch oversaw federal prosecutions in Brooklyn, Queens, Staten Island, and Long Island. Lynch is a Harvard Law School graduate. She then practiced law in New York and became a federal prosecutor in 1990, rising to become head of the Eastern District office. She later returned to private law practice until she became the top district prosecutor again. From 2003 to 2005, she served on the Federal Reserve Bank of New York board. In November 2014, President Barack Obama nominated her to succeed Eric Holder as Attorney General. In February 2015, the Judiciary Committee of the Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Islip, New York
Central Islip is a Hamlet (New York), hamlet and census-designated place (CDP) within the Town of Islip, New York, Islip in Suffolk County, New York, Suffolk County, New York (state), New York, United States. The population was 34,450 at the 2010 census. History and overview Prior to the arrival of European settlers, the Secatogue tribe of Algonquin people, Algonquin native-American people lived in the area now known as Central Islip. In 1842, the Long Island Rail Road's eastward expansion reached the area, and the Suffolk County Station was opened up. The Suffolk County Station, became the commercial center for housing. With that being done the name Central Islip was thus born, and applied to a new station built in 1873 further to the east. The modern Central Islip (LIRR station), Central Islip station is in a different location from all of its predecessors. In 1889, what became the Central Islip Psychiatric Center opened. By 1955, it housed over 10,000 patients. It closed in 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1971 Births
* The year 1971 had three partial solar eclipses ( February 25, July 22 and August 20) and two total lunar eclipses (February 10, and August 6). The world population increased by 2.1% this year, the highest increase in history. Events January * January 2 – 66 people are killed and over 200 injured during a crush in Glasgow, Scotland. * January 5 – The first ever One Day International cricket match is played between Australia and England at the Melbourne Cricket Ground. * January 8 – Tupamaros kidnap Geoffrey Jackson, British ambassador to Uruguay, in Montevideo, keeping him captive until September. * January 9 – Uruguayan president Jorge Pacheco Areco demands emergency powers for 90 days due to kidnappings, and receives them the next day. * January 12 – The landmark United States television sitcom ''All in the Family'', starring Carroll O'Connor as Archie Bunker, debuts on CBS. * January 14 – Seventy Brazilian political prisoners ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Related categories * :Year of birth missing (living people) / :Year of birth unknown * :Date of birth missing (living people) / :Date of birth unknown * :Place of birth missing (living people) / :Place of birth unknown * :Year of death missing / :Year of death unknown * :Date of death missing / :Date of death unknown * :Place of death missing / :Place of death unknown * :Missing middle or first names See also * :Dead people * :Template:L, which generates this category or death years, and birth year and sort keys. : {{DEFAULTSORT:Living people 21st-century people People by status ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
