Four former employees of a Long Island-based investment firm were charged Wednesday with running a Ponzi fraud that cost more than 4,000 investors $179 million in losses, federal prosecutors said. Jason Keryc, Anthony Massaro, Anthony Ciccone and Diane Kaylor, misled investors at Agape World Inc and Agape Merchant Advance, by using other investors’ money to pay returns, according to a criminal complaint unsealed in a federal court in Central Islip, New York. It was a classic Ponzi scheme that ran for about five years and pulled in $400 million, the complaint said. More in the Huffington Post here.