Four Former Agape Representatives Charged in $400 Million Ponzi Scam

A complaint unsealed April 25 in the U.S. District Court for the Eastern District of New York charged four former account representatives of Agape World Inc. and Agape Merchant Advance with soliciting hundreds of millions of dollars on behalf of a massive, multi-hundred million-dollar Ponzi scheme (United States v. Keryc).

U.S. Attorney Loretta Lynch identified the defendants as Jason Keryc, Anthony Massaro, Anthony Ciccone, and Diane Kaylor. She said their alleged efforts between October 2003 and January 2009 on behalf of the scheme earned them commissions of approximately $16 million, $6.5 million, $10.7 million, and $4.75 million, respectively. ...