Ponzi scheme con man Nicholas Cosmo may be freed on bail soon but he’ll have to come up with more cash first, a judge ruled Thursday.
The judge declared Cosmo, dubbed “Little Bernie Madoff,” is not a flight risk, even as he rejected a defense proposal for $750,000 in bond and sent him back to jail.
“Bail [...]

Authorities on Monday arrested the chief executive of a private New York financing firm on suspicion of running a purported Ponzi scheme that attracted $400 million in investments, U.S. law enforcement officials said.
Nicholas Cosmo, head of Agape World Inc on New York’s Long Island, was said to provide commercial bridge loans, but was instead operating [...]