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2015-09-18T00:00:00.000Z

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Wrong Joseph Lombardo?

Mr. Joseph Lombardo A.

Managing Director

Prim Capital Corporation

HQ Phone: (216) 830-1111

Prim Capital Corporation

6500 Rockside Road Suite 370

Independence, Ohio 44131

United States

Company Description

Prim Capital Corporation was founded in 1997 to provide objective long-term financial planning and investment strategies for individuals, trusts, and institutions. Prim Capital's management team possesses decades of investment experience with professional ... more

Find other employees at this company (4)

Background Information

Employment History

Senior Vice President
PRIM ADVISORS, INCORPORATED

Senior Vice President
Prudential

Executive Director of New Business
Merrill Lynch & Co. Inc

Affiliations

Financial Adviser and Account Executive
Janney Montgomery Scott LLC

Web References (36 Total References)


Union Corruption Report: Six Months Worth Of Corrupt Union Bosses & Other Miscreants - LaborUnionReport.com

laborunionreport.com [cached]

On June 10, 2014, in the United States District Court for the Southern District of New York, Joseph Lombardo, Founder and Managing Director of Prim Capital Corporation, was sentenced to 18 months in prison, three years of supervised release, and was ordered to pay a $10,000 fine and a $200 special assessment. On November 14, 2013, Lombardo pled guilty to mail fraud and conspiracy to obstruct justice relating to his attempt to defraud the National Basketball Players Association (located in New York, N.Y.), of $3 million through the use of a fraudulent retention contract.

...
On December 11, 2013, Kaufman was found guilty of conspiracy to obstruct justice, obstruction of justice, and perjury related to her co-defendant Joseph Lombardo's attempt to defraud the National Basketball Players Association (located in New York, N.Y.), of $3 million through the use of a fraudulent retention contract.


On June 10, 2014, in the ...

laborunionreport.com [cached]

On June 10, 2014, in the United States District Court for the Southern District of New York, Joseph Lombardo, Founder and Managing Director of Prim Capital Corporation, was sentenced to 18 months in prison, three years of supervised release, and was ordered to pay a $10,000 fine and a $200 special assessment. On November 14, 2013, Lombardo pled guilty to mail fraud and conspiracy to obstruct justice relating to his attempt to defraud the National Basketball Players Association (located in New York, N.Y.), of $3 million through the use of a fraudulent retention contract.

...
On December 11, 2013, Kaufman was found guilty of conspiracy to obstruct justice, obstruction of justice, and perjury related to her co-defendant Joseph Lombardo's attempt to defraud the National Basketball Players Association (located in New York, N.Y.), of $3 million through the use of a fraudulent retention contract.


U.S. District Judge Jesse Furman imposed ...

www.westfieldrepublican.com [cached]

U.S. District Judge Jesse Furman imposed the sentence on Joseph Lombardo after rejecting defense arguments that his crime didn't constitute fraud because there was no financial harm to the National Basketball Players Association.

...
Lombardo, 73, of Gates Mills, Ohio, pleaded guilty last year to charges of mail fraud and hindering the investigation by lying to a grand jury.
The founder and former chief executive of Prim Capital Corp. told the judge on Tuesday that he regretted "stupid, arrogant and criminal acts" that left a successful career in ruins.
"There's no excuse for what I did," he said. "I should have known better."
Prim Capital had managed up to $250 million of the union's assets, reviewed individual players' investments and conducted financial seminars for players for more than a decade. Fearing that the union was seeking to fire the firm amid a federal probe of its finances, Lombardo concocted a contract in 2013 that demanded more than $3 million in fees for five years, prohibited cancellation and had the signature of the union's general counsel, Gary Hall.
...
Lombardo admitted a "Gary A. Hall" signature stamp was used to falsify the document.
...
A recording had captured Lombardo coaching on how to mislead investigators to cover their tracks, prosecutors said.
Lombardo was ordered to begin serving his prison term by July 25.


U.S. District Judge Jesse Furman imposed ...

www.khou.com [cached]

U.S. District Judge Jesse Furman imposed the sentence on Joseph Lombardo after rejecting defense arguments that his crime didn't constitute fraud because there was no financial harm to the National Basketball Players Association.

...
Lombardo, 73, of Gates Mills, Ohio, pleaded guilty last year to charges of mail fraud and hindering the investigation by lying to a grand jury.
The founder and former chief executive of Prim Capital Corp. told the judge on Tuesday that he regretted "stupid, arrogant and criminal acts" that left a successful career in ruins.
"There's no excuse for what I did," he said. "I should have known better."
Prim Capital had managed up to $250 million of the union's assets, reviewed individual players' investments and conducted financial seminars for players for more than a decade. Fearing that the union was seeking to fire the firm amid a federal probe of its finances, Lombardo concocted a contract in 2013 that demanded more than $3 million in fees for five years, prohibited cancellation and had the signature of the union's general counsel, Gary Hall.
...
Lombardo admitted a "Gary A. Hall" signature stamp was used to falsify the document.
...
A recording had captured Lombardo coaching on how to mislead investigators to cover their tracks, prosecutors said.
Lombardo was ordered to begin serving his prison term by July 25.


Joseph Lombardo, of Gates ...

www.advertiser-tribune.com [cached]

Joseph Lombardo, of Gates Mills, Ohio, was sentenced Tuesday in Manhattan. He's the founder and former chief executive of Prim Capital Corp.

Lombardo pleaded guilty in November to mail fraud and conspiracy to obstruct justice. The crimes were related to his firm's work on $250 million of the union's assets from 2001 until 2013.
Lombardo was arrested in April 2013. Prosecutors said he created a fake contract with the basketball players who entrusted him to manage their union's assets. They say he then lied to a federal grand jury about his actions and told others to do the same.

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