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Wednesday, December 17, 2014

Stamford Man Receives Jail for Defrauding Investment Clients

Stamford resident Michael Lombardo Jr. of Stamford, was sentenced Wednesday by Senior U.S. District Judge Alfred V. Covello in Hartford to 12 months and one day of imprisonment, followed by three years of supervised release, for defrauding more than 20 of his investment clients. According to court documents and statements made in open court, the 38-year-old Lombardo worked for David Lerner Associates, Inc., a Westport-based company that provided investment services.

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