An associate of Rudy Giuliani has pleaded guilty to a conspiracy to defraud investors in a company believed to be designed to deter people from cheating.
NEW YORK – An aide to Rudy Giuliani pleaded guilty Friday to conspiracy to defraud investors in a company believed to be designed to deter people from cheating.
Lev Parnas, 50, filed a lawsuit in Manhattan federal court for conspiracy to commit wire fraud during a remote-controlled electronic procedure.
Parnas Judge J. Paul told Otken that he conspired with another between 2012 and 2019 to give investors false information about the Florida-based business, the Fraud Guarantee.
He said he was “wrong at the time and I am really sorry for my work, your honor.”
The Fraud Guarantee was promoted as a company that could protect investors against fraud.
The plea comes months after a Soviet-born businessman was convicted of campaigning financial crimes in a Manhattan trial. The judge announced the sentence on June 29.
In October 2020, former golf professional codefender David Correa pleaded guilty to the same charges.
Prior to Korea’s sentencing, prosecutors said Correia and Parnas used false claims to persuade at least seven investors between 2012 and 2019 to contribute between ,000 200,000 and $ 500,000, saying the money would be used for business purposes only and not for personal gain.
Although the lion’s share of the money was withdrawn from investors in cash and was spent by Parnas on rent, luxury cars and retail stores, prosecutors say.
At the time of the fraud, Korea and Parnas agreed to pay Giuliani, the former mayor of New York City, who worked as his personal lawyer during Donald Trump’s presidency, a পরামর্শ 500,000 consultation fee to work with the fraud guarantee. Korea was sentenced to one year in prison last year.
Parnas worked with Giuliani several years ago to try to get Ukrainian officials to investigate the son of Democratic presidential candidate Joe Biden. Giuliani says he knows nothing about the crimes of Parnas and others.
Giuliani has not been charged with a felony, although federal authorities have acknowledged that an investigation is under way to determine whether he violated a federal law that conducts lobbying on behalf of a foreign country or organization.
In October, Parnas was convicted of six counts of making illegal grants to start a new energy company in 2018 and using the assets of a Russian financier to donate to politicians who could help launch a legal, recreational cannabis business. He is awaiting trial.