Vanguard and many of its key donors and others invested at least $30 million with Cohen, prosecutors said. Vanguard was forced to close its doors after the scheme was exposed in 2008.
Susanne Moore, a Vanguard board member, told the judge that Cohen took most of her net worth and caused the bitter falling out with two close friends while almost breaking up her marriage. Prosecutors allege in a court filing that Moore and her husband lost a little more than $1 million.
Cohen looked away when Moore tried to make eye contact with him.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Reader Comments