With Bernie Madoff and other crooks, we have become used to Ponzi schemes. However, lawyer Kevin Cohen of Roslyn, New York is accused of a rather unique variation on this criminal theme: a baby Ponzi scheme.
Cohen faces up to 15 years in the case and is described by Nassau County District Attorney Kathleen Rice as “an evil, heartless act by a man who would say or do anything to steal money from good people.”
An indictment accused Cohen of grand larceny and other charges related to his promising adoptions to couples from New York, Georgia, Ohio, Texas and Florida. He is accused of ripping off the couples of at least $300,000. That is a lot of Ponzi pampers.
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