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Prosecutors weigh new charges against Giuliani associate Lev Parnas

by Mollie Fite (2020-05-12)


Federal prosecutors are reportedly considering whether to bring additional charges against associates of Rudy Giuliani - a sign that the former New York City mayor could himself be in legal jeopardy.

Lev Parnas, a Ukrainian-American businessman who co-founded a company that paid President Trump's personal attorney $500,000, could be hit with new charges by federal prosecutors.

The US Attorney's Office for the Southern District of New York is weighing whether to charge Parnas for misleading potential investors who backed Fraud Guarantee, the Florida-based company that paid Giuliani, CNN is reporting.

Fraud Guarantee was founded as a company which provided insurance to businesses seeking protection against fraud.
















Former New York Mayor Rudy Giuliani (left) could be in legal jeopardy as federal prosecutors consider bringing additional charges against his associate, Lev Parnas (right)







Prosecutors at the US Attorney's Office for the Southern District of New York are examining whether Parnas and another associate, David Correia (above), duped investors about the real value of their company, Fraud Guarantee


The additional charges indicate that federal prosecutors are further scrutinizing Giuliani's links to Fraud Guarantee.

A lawyer for Giuliani told CNN that his client never had any conversations about investor pitches or marketing with Parnas of David Correia, Parnas' business partner.

Investigators are examining whether Parnas and Correia duped investors about the value of the company.

They are also looking into whether they lied about how they intended to use the investment money, sources told CNN.

The FBI and federal prosecutors have spoken with investors linked to the company.

One of the investors is reported to have provided evidence that Parnas and Correia used proceeds to buy expensive personal items, according to CNN.

Correia is one of five men, including Parnas and another Giuliani associate, Igor Frumam, who have been charged with using straw donors to funnel illegal contributions to politicians they thought could help their political and business interests, including a pro-Trump super PAC as well as committees supporting other Republicans.

Correia returned to the US and turned himself in after the October arrests of Parnas and Fruman, who worked with Giuliani to allegedly try and get Ukrainian officials to investigate the son of former Democrat vice president, Joe Biden.






In October, Parnas and another Giuliani associate, Igor Fruman (above), were arrested and charged with using a shell company to donate $325,000 to a pro-Trump election committee














Prosecutors have accused Parnas and Fruman of using a shell company to donate $325,000 to a pro-Trump election committee and of raising money for former House Representative Pete Sessions of Texas as part of an ultimately successful effort to have the president remove Marie Yovanovitch as ambassador to Ukraine.

Giuliani has said he had no knowledge of illegal donations and had not seen any evidence that Parnas and Fruman did anything wrong.






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Prosecutors allege American-born Correia, who owns a home with his wife in West Palm Beach, teamed with Parnas, Fruman and businessman Andrey Kukushkin, in a separate scheme to make illegal campaign donations to local and federal politicians in New York, Nevada, and other states in an attempt to get support for a new recreational marijuana business.

US law forbids politicians from taking foreign donations.

Correia's work focused on drafting business contracts in Ukraine and memorandums of understanding to present to other potential partners, sources who dealt with the three men told CNN.

Federal prosecutors in SDNY have been investigating Giuliani for months.

Specifically, they have looked into his efforts to have Maria Yovanovitch, the former ambassador to Ukraine, removed from her position.

Giuliani has also been involved in efforts to pressure Ukraine to investigate Joe and Hunter Biden.






(Left to right) Vice President Mike Pence, Igor Fruman, Lev Parnas, President Donald Trump and Rudy Giuliani. Fruman and Parnas are also said to have been involved in efforts to get Ukraine to investigate Joe Biden and his son, Hunter


The former New York City mayor has not been accused of any wrongdoing.

Prosecutors have been saying that additional charges are expected to be filed against Parnas, though they have not said when those charges will be filed.

The case is scheduled to go to trial in October, just weeks before Trump stands for re-election.

‘We have taken into account prosecutors' statements that they might bring additional charges against Mr. Should you liked this informative article and also you want to acquire details about satchel bag nz (https://Www.codecademy.com/profiles/net4000701637) kindly go to our internet site. Parnas and others since the inception of this case,' said Joseph Bondy, an attorney for Parnas.

‘We are therefore not surprised, and remain prepared to defend Mr. Parnas against any such charges.'

Parnas has handed over text messages and other correspondence to congressional investigators that detailed his work with Giuliani to get Ukraine to announce that it would open a corruption investigation of former Vice President Joe Biden, a leading Democratic contender in the 2020 presidential election.

Parnas is seeking leniency as he faces federal charges for allegedly funneling money to a pro-Trump election committee. 



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Federal prosecutors weigh new charges that bring Lev Parnas investigation closer to Giuliani - CNNPolitics