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Giuliani associates face new federal fraud charges

Added 09-17-20 06:03:01pm EST - “Federal prosecutors brought new wire fraud charges Thursday against an associate of former New York Mayor Rudy Giuliani who was involved in attempts to get Ukrainian officials to investigate the son of U.S. Democratic presidential…” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Giuliani associates face new federal fraud charges ”. Below is an excerpt from the article.

NEW YORK (AP) - Federal prosecutors brought new wire fraud charges Thursday against an associate of former New York Mayor Rudy Giuliani who was involved in attempts to get Ukrainian officials to investigate the son of U.S. Democratic presidential nominee Joe Biden.

Lev Parnas and his business partner, David Correia, were charged with defrauding investors in a business called Fraud Guarantee. A superseding indictment also charged them with additional campaign finance violations.

Prosecutors said the company “purported to insure investors against corporate fraud while in fact, as alleged, they misled investors as to what would be done with their money.”

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The indictment said the men misled investors about the strength of the company and their business model and in some cases used the invested money for personal expenses.

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