The White Law Group is investigating fraud allegations against Prim Capital Corporation financial advisers Joseph Lombardo and Carolyn Kaufman.
According to The Plain Dealer, Prim Capital Corporation is a brokerage firm located near Cleveland, OH that was contracted to manage a $250 million portfolio for the NBA Players Association. Lombardo and Kaufman are charged with attempting to defraud the union of $3 million. Lombardo, founder of Prim Capital, is accused of forging the signature of union leader, Gary H. Hall, on a 2011 contract.
“Federal prosecutors say Lombardo created the contract months after Hall died in March 2011 by using a signature stamp that was ordered and purchased from an office supply store. The Department of Labor agent said in the affidavit that changes were made to the document as late as December, when an employee sent an email with the subject line: “Electronic copy of changes.” (The Plain Dealer)
If you are concerned about investments you made with Prim Capital Corporation, please call the securities attorneys of The White Law Group at (312) 238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://whitesecuritieslaw.com.
Tags: broker fraud, Carolyn Kaufman investigation, financial adviser fraud, Lombardo allegations, Lombardo arrested, Lombardo investigation, NBA union fraud, Prim Capital allegations, Prim Capital charges, Prim Capital fraud, Prim Capital investigation, Prim Capital lawsuit, Prim Capital theft Last modified: December 15, 2022
