The Victims: Innocent or Culpable
In the case of Agape World, Inc., the final estimates of this financial fraud are between $370 to $413 million dollars. Shamefully, Nicholas Cosmo’s fraudulent organization, Agape World, Inc., specifically targeted middle class Americans with limited funds to invest and even less investment skills. Sadly, the scarce funds stolen by these criminals could have provided these victims with the additional money needed to live a modest but comfortable retirement. Unfortunately, the vast majority of “Ponzi” scheme victims receive nominal restitution if at all. That said, do the victims bear some ethical responsibility as it relates to their participation in the fraud? Certainly, many will recall the memorable
In the case of Agape World, Inc., the final estimates of this financial fraud are between $370 to $413 million dollars. Shamefully, Nicholas Cosmo’s fraudulent organization, Agape World, Inc., specifically targeted middle class Americans with limited funds to invest and even less investment skills. Sadly, the scarce funds stolen by these criminals could have provided these victims with the additional money needed to live a modest but comfortable retirement. Unfortunately, the vast majority of “Ponzi” scheme victims receive nominal restitution if at all. That said, do the victims bear some ethical responsibility as it relates to their participation in the fraud? Certainly, many will recall the memorable