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Four top brokers in the Agape World Ponzi scheme were arrested by the FBI early Wednesday to be charged in the $400 million fraud that scammed thousands of mostly working class investors.
The four, Jason Keryc, 34; Anthony Ciccone, 39; Anthony Massaro, 40; and Diane Kaylor, 36, were some of the largest earners for Nicholas Cosmo, who's now serving a 25-year sentence for the crime.
Agape World promised investors huge returns for short-term investment contracts, when in actuality those high interest payments came from new investor money in a classic Ponzi-type scheme. Brokers made millions in commissions from selling the Agape World investments to family...