The US Attorney’s Office for the Southern District of New York announced Thursday that new charges will be brought against former Rudy Giuliani associate Lev Parnas and co-conspirator David Correia. They are being charged with wire fraud, soliciting money from foreign nationals for state and federal elections, and aiding and abetting foreign nationals in donating money to federal and state elections. In addition, Correia is being charged with making false statements and falsifying records.
The charges are in connection with their company Fraud Guarantee. 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,” according to Acting US Attorney Audrey Strauss.
The company was in operation from 2012-mid 2019. The charges are still pending and carry between a maximum of 5 to 20 years in prison per charge.
In addition, Parnas is facing charges in connection with violations of campaign finance laws stemming from another company he had founded called Global Energy Producers. Correia was not involved in Global Energy Partners.