Lev Parnas, an associate of President Trump's lawyer and former New York City Mayor Rudy Giuliani, is facing new charges of defrauding investors in a company he claimed would offer fraud protection services.
The company was called Fraud Guarantee. Federal prosecutors allege that Parnas and another man, David Correia, were able to secure $2 million from investors between 2012 and 2019. The men allegedly used this money for personal expenses, including luxury car payments and rent. "We couldn't say it better ourselves — the behavior alleged today is indeed fraudulent — guaranteed," FBI Assistant Director Bill Sweeney said in a statement.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Real estate: Rocket's plan to remake homebuyingFeature The mortgage company wants to dominate the homebuying process
-
6 must-see homes in BostonFeature Featuring a factory-turned-loft in South Boston and a wraparound roof deck in South End
-
The anger fueling the Bernie Sanders and Alexandria Ocasio-Cortez barnstorming tourTalking Points The duo is drawing big anti-Trump crowds in red states
-
Judge threatens Trump team with criminal contemptSpeed Read James Boasberg attempts to hold the White House accountable for disregarding court orders over El Salvador deportation flights
-
Biden slams Trump's Social Security cutsSpeed Read In his first major public address since leaving office, Biden criticized the Trump administration's 'damage' and 'destruction'
-
El Salvador refuses to return US deporteeSpeed Read President Nayib Bukele of El Salvador said he would not send back the unlawfully deported Kilmar Ábrego García
-
Trump says electronics tariff break won't lastSpeed Read The tariff exemptions on smartphones, laptops and other electronic devices are temporary, the administration says
-
Man charged in arson attack on Pennsylvania's ShapiroSpeed Read Governor Josh Shapiro and his family were sleeping when someone set fire to his Harrisburg mansion
-
White House pushes for oversight of Columbia UniversitySpeed Read The Trump administration is considering placing the school under a consent decree
-
Supreme Court backs wrongly deported migrantSpeed Read The Trump administration must 'facilitate' the return of wrongfully deported migrant Kilmar Ábrego García from El Salvador, Supreme Court says
-
Two judges bar war-powers deportationsSpeed Read The Trump administration was blocked from using the Alien Enemies Act to deport more alleged Venezuelan gang members
