Parnas persuaded an array of investors to pump more than $2 million into Fraud Guarantee, which was intended to offer an insurance-like product to protect consumers—but it never got off the ground.
Parnas & his partner David Correia, were charged with wire fraud conspiracy.
Parnas and Correia had paid Mr. Giuliani $500,000 to endorse and advise the company
Mr. Parnas and Mr. Giuliani played a central role in a dirt-digging campaign aimed at Mr. Trump’s political rivals that led to the president’s impeachment last year.
nytimes.com/2020/09/17/nyr…
They also tried to dig up damaging information on Marie L. Yovanovitch, then the American ambassador to Ukraine. Mr. Trump eventually removed Ms. Yovanovitch from her post last year, a decision that was at the heart of his impeachment trial.
nytimes.com/2020/09/17/nyr…
Mr. Parnas and Mr. Fruman had been charged in the earlier indictment with campaign finance violations, including misrepresenting the source of a $325,000 donation to a pro-Trump fund-raising committee.
nytimes.com/2020/09/17/nyr…
In September 2018, Mr. Parnas persuaded Charles Gucciardo, a Long Island lawyer and Republican donor whom he had recently met, to invest in Fraud Guarantee and pay Mr. Giuliani directly.
nytimes.com/2019/11/06/us/…
Randy Zelin named Charles Gucciardo that Gucciardo actually paid Giuliani's firm on behalf of Parnas' company.
Zelin characterized Gucciardo's payment as an investment in Parnas' company.
cnn.com/2019/11/09/pol…
Parnas had boasted to friends that his company had been receiving financial backing from Dmytro Firtash, a Ukrainian oligarch who was indicted on bribery and racketeering charges in Chicago six years ago and has been fighting extradition to the US.
cnn.com/2019/11/09/pol…
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