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Man charged in investment fraud scheme

Investment opportunities offered by a man who presented himself as an acoustical engineer at the Florida Suncoast Dome didn't ring true to four area residents, police said. On Wednesday, police say they found out why.

The man was not an acoustical engineer, nor was he the director of events for the dome, nor did he have any businesses for people to invest in, said St. Petersburg police Detective Dan Bates.

Police charged David Emery "Lombo" Lombardi, 39, 10355 Paradise Blvd., No. 809, Treasure Island, with two counts each of grand theft and dealing in stolen property. Since March, Lombardi took nearly $12,000 from four people, Bates said.

Bates said other charges are pending, including a charge of running an organized scheme to defraud.

Lombardi allegedly told the people he had the best sound systems in the world and an international crew of more than 200, Bates said. He would promise people they would make money by investing in events he'd organize, police said.

Lombardi then wrote a tentative contract and presented it in return for money, Bates said. But a formal contract and the event never materialized, he said.

Bates said those who believe they were victims of the scheme can call him at 893-7128.