DOJ Hits Giuliani Crony In Alleged $2M Fraud Scheme

NBC News reports:

Federal prosecutors have brought new charges against Lev Parnas, a former associate of Rudy Giuliani, accusing him of duping investors in a company called Fraud Guarantee. A superseding indictment unsealed Thursday says that Parnas and a second man, David Correia, convinced investors to hand over more than $2 million between 2012 and 2019 for a new venture they said would provide fraud protection services.

The two men instead distributed the money to their personal accounts, spending $30,000 on luxury car leases and an unspecified amount on their rents and other personal expenses, according to the indictment brought by New York prosecutors. “We couldn’t say it better ourselves – the behavior alleged today is indeed fraudulent – guaranteed,” FBI Assistant Director Bill Sweeney said in a statement.

From the Justice Department:

The Superseding Indictment returned today – in addition to charging PARNAS and CORREIA with conspiracy to commit wire fraud – charges CORREIA with making false statements to and falsifying records to obstruct the administration of a matter within the jurisdiction of the FEC; charges PARNAS, FRUMAN, and CORREIA with soliciting a foreign national to make donations and contributions in connection with federal and state elections; and charges PARNAS, FRUMAN, and KUKUSHKIN with aiding and abetting the making of donations and contributions by a foreign national in connection with federal and state elections.