Ex-CEO gets prison; fraud targeted NBA union

Published



NEW YORK (AP) — An investment adviser was sentenced to 18 months in prison for creating a fake contract with the NBA players’ union that included a dead man’s forged signature.

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.

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