An associate of Rudy Giuliani pleaded guilty Friday to a conspiracy charge alleging that he defrauded investors in a company supposedly created to prevent people from being defrauded.
Prior to Correia's sentencing, prosecutors said Correia and Parnas used false claims to induce at least seven investors between 2012 and 2019 to contribute between $200,000 and $500,000, saying the money would be used only for business interests and nothing personal.
During the fraud, Correia and Parnas agreed to pay Giuliani, a former New York City mayor who served as Donald Trump's personal lawyer during part of his presidency, a $500,000 consulting fee to work with Fraud Guarantee. Correia was sentenced last year to a year in prison.
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