Four charged in $400 million Ponzi fraud - CNBC.com

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table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG1e53L6hwn0mv6MIuGiY BMYZK-CAamp;url=http://libn.com/2012/04/25/4-associates-of-ponzi-scheme-artist-nick-cosmo-arrested/img src=//nt3.ggpht.com/news/tbn/u0yCS_P3kdZbpM/0.jpg alt= border=1 width=80 height=80 /br /font size=-2Long Island Business News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEe1MgCtjEdA4Q2tGrbyC _1oWI1Swamp;url=http://www.cnbc.com/id/47176494bFour charged in $400 million Ponzi bfraud/b/b/abr /font size=-1bfont color=#6f6f6fCNBC.com/font/b/fontbr /font size=-1NEW YORK (Reuters) - Four former employees of a Long Island-based investment firm were charged Wednesday with running a Ponzi bfraud/b that cost more than 4000 investors $179 million in losses, federal prosecutors said. Jason Keryc, Anthony Massaro, b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFqylTvbnm0hH-xIVLuLjjBfZeZHQamp;url=http://www.miamiherald.com/2012/04/25/2766949/fbi-arrests-ny-fla-associates.htmlNY, Fla. associates of #39;mini-Madoff#39; arrested/afont size=-1 color=#6f6f6fnobrMiamiHerald.com/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=dJM3XJnmEb97lMMKVpGc SsT9RKxqMnobrball 159 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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