Nicholas Cosmo, the Long Island native accused of running a $380 million Ponzi scheme, is switching attorneys and may bring on Stacey Richman, a prominent defense attorney whose former clients include prominent rap stars, among others.
"I am waiting for the OK from the government," Richman told CNBC.
Richman is the daughter of famed criminal attorney Murray Richman. Mr. Richman has represented rapper Jay-Z as well as the Gambino and Genovese crime families. For her part, Ms. Richman has represented rappers Lil Wayne and Ja Rule, both of whom were arrested in 2007 on felony gun possession.