S
Sports News
Guest
By Joseph Ax NEW YORK (Reuters) - The founder of an Ohio firm that managed the finances of the National Basketball Association players union was sentenced on Tuesday to 1-1/2 years in prison for forging a $3 million contract and then lying about it to a grand jury. Joseph Lombardo, the founder of Prim Capital Corp, had pleaded guilty in November to mail fraud and conspiracy to obstruct justice. "At 73 years old, the last place I ever thought I'd be was in a federal courthouse, about to be sentenced by a federal judge for stupid, arrogant and criminal acts," Lombardo said at a hearing before U.S. District Judge Jesse Furman in Manhattan federal court. "I know what I did was wrong." Michael Koenig, a lawyer for Lombardo, had asked the judge not to impose a prison sentence, saying his client did not profit from the fraud and had otherwise led an exemplary life.
Continue reading...
Continue reading...
