New York Daily News

Rudy pal guilty plea expected

- BY STEPHEN REX BROWN

A pal of Rudy Giuliani is expected to plead guilty Thursday to scamming investors in an insurance company dubbed Fraud Guarantee.

David Correia was charged along with Lev Parnas in September of illegally spending more than $2million of Fraud Guarantee investors’ money on personal expenses.

Correia (inset), Parnas, Igor Fruman and Andrey Kukushkin are accused of a complex web of campaign finance schemes and other crimes, some of which overlapped w i th President Tr u m p ’ s effort to dig up dirt on Joe Biden in Ukraine. Manhattan Federal Court records on Wednesday scheduled a “change of plea hearing” for Correia the following day, which indicates an expected guilty plea. The notation did not state what charges Correia will plead to, or if he is cooperatin­g with the government.

Giuliani — who is reportedly under investigat­ion in connection with the case but has not been charged — was paid hundreds of thousands of dollars by Fraud Guarantee for legal and business advice, according to an October 2019 article by The New York Times.

The indictment claims that a victim of the Fraud Guarantee scam invested in the company by transferri­ng $500,000 to a consulting firm that Parnas and Correia had retained.

That consulting firm was Giuliani Partners, a source close to the case previously told the Daily News.

Parnas and Correia pitched Fraud Guarantee in 2012 as a company that would sell insurance policies protecting investors in other companies from fraud. The company never launched.

Parnas, Kukushkin and Fruman have pleaded not guilty. Giuliani has denied any wrongdoing.

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