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Feds raid Hauppauge investment firm

The chief executive of investment firm Agape World Inc. was arrested Monday night on a mail fraud charge, the U.S. Postal Inspection Service said, after federal authorities carted away a safe, boxes and several file cabinets from the firm's offices in Hauppauge and Queens.

Several sources close to the investigation said the case involves up to 1,500 investors who may have lost as much as...

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