Former Giuliani associate Lev Parnas pleads guilty in wire fraud scheme

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Former Giuliani associate Lev Parnas pleads guilty in wire fraud scheme
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Lev Parnas, a Ukrainian-born emigre who worked with Rudy Giuliani to unearth political dirt on the Biden family's dealings in Ukraine, pleaded guilty to wire fraud charges on Friday.

During a court hearing Friday, Parnas confessed to luring investors to his Fraud Guarantee insurance company that he established with David Correia, who has pleaded guilty to similar charges. The duo procured over $2 million and funneled much of that money for personal and political use, according to prosecutors.“Between 2012 and 2019, I agreed with another person to give false information to individuals regarding the financials to a start-up project called, ‘Fraud Guarantee,’” Parnas told U.S.

"This morning, Lev Parnas pled guilty to wire fraud. He accepts responsibility for his conduct and remains proud of his efforts to bring issues of national significance into the halls of Congress and the living rooms of all Americans. He looks forward to moving ahead," Parnas’s attorney, Joseph Bondy, tweeted following Friday's hearing.

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