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.
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