Federal lawsuit filed against Cosmo's alleged swindle

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The Commodity Futures Trading Commission has filed a federal lawsuit against Nicholas Cosmo, accused of being a swindler, saying he used "tens of millions" of dollars from investors intended to finance bridge loans to instead engage in improper, unauthorized commodity futures trading.

At the request of the commission, U.S. District Court Judge Leonard Wexler in Central Islip issued an order...

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