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Feds: Adviser tried to defraud NBA players union

Updated: April 25, 2013, 8:27 PM ET
Associated Press

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.

Authorities ...

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