David Correia, a business partner of Rudy Giuliani’s former associate Lev Parnas, pleaded guilty to conspiracy and to making false statements to election officials about a donation made to a group that supported President Donald Trump.
Correia admitted in Manhattan federal court Thursday that he conspired with Parnas to defraud investors in their would-be fraud protection business, which was called Fraud Guarantee.
Giuliani, who is Trump’s personal lawyer, reportedly received $500,000 to work on behalf of Fraud Guarantee.KEY POINTS CNBC click here.
Correia, 45, admitted in Manhattan federal court that he conspired with Parnas to defraud investors in their would-be fraud protection business, which was called Fraud Guarantee. The plea hearing was conducted virtually over videoconference and phone lines because of the coronavirus pandemic.CNBC, click here.
Last month, when a superseding indictment was filed against all four men, FBI Assistant Director Bill Sweeney said of the charges against Correia and Parnas, “We couldn’t say it better ourselves – the behavior alleged today is indeed fraudulent – guaranteed.”
Parnas, Fruman and the fourth co-defendant, Andrey Kukushkin, have all pleaded not guilty in the broader criminal case.CNBC, click here.
Giuliani received $500,000 in 2018 for work for Fraud Guarantee, which he has described as “a combination of business advice and consulting, consistent with what my company does, and legal advice.”
Parnas and Fruman had worked with Giuliani on an effort to collect damaging information about the Democratic presidential nominee, former Vice President Joe Biden, and about his son Hunter Biden, in connection with the younger Biden’s board position at a Ukrainian natural gas company.CNBC, click here.