Adviser admits to fraud in NBA players union case Print
Written by Admin   
Thursday, 14 November 2013 15:44
NBA Headline News

 NEW YORK (AP) - The 72-year-old founder of a firm that handled the NBA players union's investments and finances has admitted to fraud.
Prosecutors say Joseph Lombardo, the founder of Ohio-based Prim Capital Corporation, pleaded guilty in a Manhattan federal court Thursday to mail fraud and conspiracy to obstruct justice.
Authorities say Lombardo used a stamp to forge the signature of a deceased general counsel for the National Basketball Players Association and another employee, a move that awarded Prim a $3 million fee over five years.
Lombardo faces up to 20 years in prison when he is sentenced March 20. His lawyer says his client ''is a good man who made some very poor decisions.''
Prim principal Carolyn Kaufman is charged with obstructing justice and has pleaded not guilty. Her trial begins Dec. 2.
 

NBA Team Pages

Top NBA Public Bets

#1 733 Indiana Pacers 80%
#2 884 Oklahoma City Thunder 75%
#3 896 Houston Rockets 71%
#4 735 Oklahoma City Thunder 70%
#5 742 Washington Wizards 67%
#6 737 Los Angeles Clippers 63%
#7 887 Golden State Warriors 63%
#8 728 Miami Heat 60%
#9 890 San Antonio Spurs 59%
#10 732 Houston Rockets 58%
View All: NFL |  NBA |  NCAAF |  NCAAB |  MLB |  NHL

NBA Futures

NBA TEAM NBA FINALS ODDS CURRENT
MIAMI HEAT 19/10
SAN ANTONIO SPURS 11/4
OKLAHOMA CITY THUNDER 4/1
LOS ANGELES CLIPPERS 9/1
INDIANA PACERS 9/1
BROOKLYN NETS 18/1
HOUSTON ROCKETS 22/1
GOLDEN STATE WARRIORS 33/1
PORTLAND BLAZERS 33/1
MEMPHIS GRIZZLIES 50/1
View All

Privacy Policy | Terms of Service | Contact Us | Advertising | 888-99-SPREAD

THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.

Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.

Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.

About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.

©1999-2013 TheSpread.com