Beautiful Virgin Islands

Friday, Jan 30, 2026

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.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
Starmer Seeks Economic Gains From China Visit While Navigating US Diplomatic Sensitivities
Starmer Says China Visit Will Deliver Economic Benefits as He Prepares to Meet Xi Jinping
UK Prime Minister Starmer Arrives in China to Bolster Trade and Warn Firms of Strategic Opportunities
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
UK Banks Pledge £11 Billion Lending Package to Help Firms Expand Overseas
Suella Braverman Defects to Reform UK, Accusing Conservatives of Betrayal on Core Policies
Melania Trump Documentary Sees Limited Box Office Traction in UK Cinemas
UK’s Starmer and Trump Agree on Urgent Need to Bolster Arctic Security
Starmer Breaks Diplomatic Restraint With Firm Rebuke of Trump, Seizing Chance to Advocate for Europe
UK Finance Minister Reeves to Join Starmer on China Visit to Bolster Trade and Economic Ties
Prince Harry Says Sacrifices of NATO Forces in Afghanistan Deserve ‘Respect’ After Trump Remarks
Barron Trump Emerges as Key Remote Witness in UK Assault and Rape Trial
Trump Reverses Course and Criticises UK-Mauritius Chagos Islands Agreement
Elizabeth Hurley Tells UK Court of ‘Brutal’ Invasion of Privacy in Phone Hacking Case
UK Bond Yields Climb as Report Fuels Speculation Over Andy Burnham’s Return to Parliament
Prince William to Make Official Visit to Saudi Arabia in February
Prince Harry Breaks Down in London Court, Says UK Tabloids Have Made Meghan Markle’s Life ‘Absolute Misery’
Malin + Goetz UK Business Enters Administration, All Stores Close
EU and UK Reject Trump’s Greenland-Linked Tariff Threats and Pledge Unified Response
UK Deepfake Crackdown Puts Intense Pressure on Musk’s Grok AI After Surge in Non-Consensual Explicit Images
Prince Harry Becomes Emotional in London Court, Invokes Memory of Princess Diana in Testimony Against UK Tabloids
UK Inflation Rises Unexpectedly but Interest Rate Cuts Still Seen as Likely
Starmer Steps Back from Trump’s ‘Board of Peace’ Amid Strained US–UK Relations
Prince Harry’s Lawyer Tells UK Court Daily Mail Was Complicit in Unlawful Privacy Invasions
UK Government Approves China’s ‘Mega Embassy’ in London Amid Debate Over Security and Diplomacy
Trump Cites UK’s Chagos Islands Sovereignty Shift as Justification for Pursuing Greenland Acquisition
UK Government Weighs Australia-Style Social Media Ban for Under-Sixteens Amid Rising Concern Over Online Harm
Trump Aides Say U.S. Has Discussed Offering Asylum to British Jews Amid Growing Antisemitism Concerns
UK Seeks Diplomatic De-escalation with Trump Over Greenland Tariff Threat
Prince Harry Returns to London as High Court Trial Begins Over Alleged Illegal Tabloid Snooping
High-Speed Train Collision in Southern Spain Kills at Least Twenty-One and Injures Scores
Meghan Markle May Return to the U.K. This Summer as Security Review Advances
Trump’s Greenland Tariff Threat Sparks EU Response and Risks Deep Transatlantic Rift
Prince Harry’s High Court Battle With Daily Mail Publisher Begins in London
Trump’s Tariff Escalation Presents Complex Challenges for the UK Economy
UK Prime Minister Starmer Rebukes Trump’s Greenland Tariff Strategy as Transatlantic Tensions Rise
Prince Harry’s Last Press Case in UK Court Signals Potential Turning Point in Media and Royal Relations
OpenAI to Begin Advertising in ChatGPT in Strategic Shift to New Revenue Model
GDP Growth Remains the Most Telling Barometer of Britain’s Economic Health
Prince William and Kate Middleton Stay Away as Prince Harry Visits London Amid Lingering Rift
Britain Braces for Colder Weather and Snow Risk as Temperatures Set to Plunge
Mass Protests Erupt as UK Nears Decision on China’s ‘Mega Embassy’ in London
Prince Harry to Return to UK to Testify in High-Profile Media Trial Against Associated Newspapers
Keir Starmer Rejects Trump’s Greenland Tariff Threat as ‘Completely Wrong’
Trump to hit Europe with 10% tariffs until Greenland deal is agreed
Prince Harry Returns to UK High Court as Final Privacy Trial Against Daily Mail Publisher Begins
Britain Confronts a Billion-Pound Wind Energy Paradox Amid Grid Constraints
The graduate 'jobpocalypse': Entry-level jobs are not shrinking. They are disappearing.
Cybercrime, Inc.: When Crime Becomes an Economy. How the World Accidentally Built a Twenty-Trillion-Dollar Criminal Economy
×