Cosmo Post Bail
As of June 2009, Cosmo was unable to post bail. Judge Hurley would not release Cosmo until several conditions were met; Cosmo's relatives agreed to back a $1.25 million bail package secured by their homes and financial accounts.
Cosmo, chief executive of a private suburban New York investment firm indicted for a $400 million fraud, was freed from jail on Thursday after it took months for him to make bail.
A U.S. judge released Cosmo on $1.25 million bail secured by property and frozen bank accounts but ruled he would be confined to his home under electronic monitoring on New York's Long Island.
Read more about this topic: Nicholas Cosmo
Famous quotes containing the word post:
“I can forgive even that wrong of wrongs,
Those undreamt accidents that have made me
Seeing that Fame has perished this long while,
Being but a part of ancient ceremony
Notorious, till all my priceless things
Are but a post the passing dogs defile.”
—William Butler Yeats (1865–1939)