Feds: Adviser tried to defraud NBA players union
NEW YORK -- The founder of an investment firm that handled the National Basketball Players Association's investments and finances has been charged with fraud.
Federal prosecutors in New York unveiled a three-count complaint Thursday against Ohio-based Prim Capital Corporation founder Joseph Lombardo.
The 72-year-old was charged with attempted wire fraud, attempted mail fraud and obstruction of justice. Prim principle Carolyn Kaufman was charged with obstructing justice.
Read full story