Parnas used the riches of a wealthy Russian to make illegal donations to politicians.
to conspiring to commit wire fraud, admitting that between 2012 and 2019 he conspired with another person to give investors false information about a Florida-based business, Fraud Guarantee.Fraud Guarantee was promoted as a company that could protect investors against fraud. Giuliani accepted $500,000 from the company to act as a consultant, but was not accused of wrongdoing or charged with any crimes.
He said he doesn’t blame Giuliani for his connection to a business that never seemed to get off the ground, but instead blames Parnas, saying Parnas “ran out of money and needed to keep his relationship with Giuliani alive.” Gucciardo said that instead of working on the Fraud Guarantee business, Parnas “left to do marijuana work in Las Vegas.”
Then a sobbing Parnas, who shook his head as some of the victims spoke, cried as he apologized to his victims, sometimes turning around to try to look at them as he spoke.“I want to apologize to all the victims that I hurt. These are all people who are my friends, all people who trusted me and I lied to them to further my personal agenda,” Parnas said.“I’d like to apologize to Mr. Gucciardo. Even though I never spent a dollar of his money. I lied to him and used our friendship.
Giuliani, who was working at the time as a personal lawyer for then-President Donald Trump, has said he knew nothing about the crimes of Parnas and others.
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