Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Rudy Giuliani associate jailed for a year over fraud at fraud-busting business

Rudy Giuliani associate jailed for a year over fraud at fraud-busting business

David Correia, 45, was charged alongside Lev Parnas in case over Fraud Guarantee
A Florida businessman whose fraud-busting business was exposed as a fraud itself was sentenced on Monday to a year and a day in prison, in a case in which prosecutors said Rudy Giuliani was hired as a consultant to attract investors.

David Correia, 45, was sentenced remotely by the US district judge J Paul Oetken in Manhattan. Granting requests for leniency, the judge cited Correia’s lesser role in the fraud scheme – he was charged alongside Lev Parnas – and medical issues that might make his time in prison more challenging.

Oetken also ordered Correia to pay back the roughly $43,000 he received illegally, as well as more than $2m in restitution.

Oetken noted that two of seven victims had urged leniency, though he said it was “hard to ignore” the irony of fraud surrounding a business titled Fraud Guarantee.

In October, Correia pleaded guilty to making false statements to the Federal Election Commission and conspiring to commit wire fraud. The plea came in connection with $2.3m raised for the company, which was supposed to protect investors in businesses from becoming fraud victims.

Before the sentence was announced, Correia told Oetken he had tried to be a better father and husband since his arrest.

“I feel true remorse,” he said.

In court papers, Correia largely blamed his slide into criminal behavior on his association with Parnas. Parnas has pleaded not guilty to charges related to Fraud Guarantee and other charges alleging he made illegal contributions to politicians he thought could aid his political and business interests.

The prosecution generated headlines after Parnas and another co-defendant worked with Giuliani to try to get Ukrainian officials to investigate the son of the then Democratic presidential candidate Joe Biden. Giuliani has said he knew nothing about contributions by the men. He has not been charged.

The assistant US attorney Nicolas Roos had urged a sentence of about three years for Correia, which was what federal sentencing guidelines suggested.

The prosecutor said Correia was essentially “the closer” in conversations with investors and “bragged about his lavish lifestyle” with at least one.

In court papers, prosecutors noted that Correia also bragged about the involvement of Giuliani as a consultant, enticing one investor who seemed thrilled to contribute $500,000.

Prosecutors said Correia told the investor Giuliani had agreed that his likeness could be used as the “face of the company”.

Giuliani, a former New York mayor who served as Donald Trump’s personal lawyer, has confirmed he was promised $500,000 to consult with the company. Prosecutors have not alleged Giuliani did anything wrong and he was only referred to in court papers and at the sentencing as “attorney-1”.

The defense attorney William J Harrington said his client had good intentions and spent thousands of hours trying to develop the business.

“He’s really a good person who did wrong,” Harrington said.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Russia’s A7 Builds a State-Linked Payments Network Beyond Western Sanctions
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Meta Raises AI Spending Target to as Much as $145bn Despite Pressure Over Returns
Danube Drought Exposes Nazi Wrecks and Pushes Central Europe’s Power System to the Brink
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
UK Drought Cuts Harvests and Raises Food-Security Fears
UFO: Pentagon Releases Video of Unidentified Object Tracked Over Middle East
Ukraine Tells Senate Republicans Its Drone War Offers a Blueprint for America
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Senate Scrutinises AI-Driven Personalised Pricing
Spain Seeks Mainland Transfers for 1,100 Children Stranded in Ceuta
Spain and Morocco Trade Blame After 72,000 Migrants Enter Ceuta
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
Europe’s Heat and Drought Are Now Disrupting Power, Shipping and Tourism
Europe’s Drying Rivers Trigger Power Cuts, Factory Shutdowns and Wildfire Emergencies
Record-Low Danube Forces Nuclear Cuts and Emergency Power Curbs
Danube Drought Forces Hungary’s Paks Nuclear Plant Into Full Shutdown
Ceuta Death Toll Rises as Spain and Europe Clash Over Border Response
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Massive Wildfires Ravage Southern Europe: Fatalities in Greece and Evacuations Across France, Spain, and Turkey
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Apple Briefly Crosses Five Trillion Dollar Valuation as Investors Retreat From AI Bets
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
×