London Daily

Focus on the big picture.
Tuesday, Oct 28, 2025

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

0:00
0:00
Close
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
British Journalist Sami Hamdi Detained by U.S. Authorities After Visa Revocation Amid Israel-Gaza Commentary
King Charles Unveils UK’s First LGBT+ Armed Forces Memorial at National Memorial Arboretum
At ninety-two and re-elected: Paul Biya secures eighth term in Cameroon amid unrest
Racist Incidents Against UK Nurses Surge by 55%
UK Chancellor Rachel Reeves Cites Shared Concerns With Trump Administration as Foundation for Early US-UK Trade Deal
Essentra plc: A Closer Look at a UK ‘Penny Stock’ Opportunity Amid Market Weakness
U.S. and China Near Deal to Avert Rare-Earth Export Controls Ahead of Trump-Xi Summit
Justin time: Justin Herbert Shields Madison Beer with Impressive Reflex at Lakers Game
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
Giuffre’s Memoir Alleges Maxwell Claimed Sexual Act with Clooney
House Republicans Move to Strip NYC Mayoral Front-Runner Zohran Mamdani of U.S. Citizenship
Record-High Spoiled Ballots Signal Voter Discontent in Ireland’s 2025 Presidential Election
Philippines’ Taal Volcano Erupts Overnight with 2.4 km Ash Plume
Albania’s Virtual AI 'Minister' Diella Set to 'Birth' Eighty-Three Digital Assistants for MPs
Tesla Unveils Vision for Optimus V3 as ‘Biggest Product of All Time’, Including Surgical Capabilities
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
Convicted Sex Offender Mistakenly Freed by UK Prison Service Arrested in London
United States and China Begin Constructive Trade Negotiations Ahead of Trump–Xi Summit
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
Miss USA Crowns Nebraska’s Audrey Eckert Amid Leadership Overhaul
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
NBA Faces Integrity Crisis After Mass Arrests in Gambling Scandal
Swift Heist at the Louvre Sees Eight French Crown Jewels Stolen in Under Seven Minutes
U.S. Halts Trade Talks with Canada After Ontario Ad Using Reagan Voice Triggers Diplomatic Fallout
Microsoft AI CEO: ‘We’re making an AI that you can trust your kids to use’ — but can Microsoft rebuild its own trust before fixing the industry’s?
China and Russia Deploy Seductive Espionage Networks to Infiltrate U.S. Tech Sector
Apple’s ‘iPhone Air’ Collapses After One Month — Another Major Misstep for the Tech Giant
Graham Potter Begins New Chapter as Sweden Head Coach on Short-Term Deal
Ecuadorian President Daniel Noboa Alleges Poison Plot via Chocolate and Jam
Lakestar to Halt External Fundraising as Investor in Revolut and Spotify
U.S. Innovation Ranking Under Scrutiny as China Leads Output Outputs but Ranks 10th
Three Men Arrested in London on Suspicion of Spying for Russia
Porsche Reverses EV Strategy as New CEO Bets on Petrol and Hybrids
Singapore’s Prime Minister Warns of ‘Messy’ Transition to Post-American Global Order
Andreessen Horowitz Sets Sights on Ten-Billion-Dollar Fund for Tech Surge
US Administration Under President Donald Trump Reportedly Lifts Ban on Ukraine’s Use of Storm Shadow Missiles Against Russia
‘Frightening’ First Night in Prison for Sarkozy: Inmates Riot and Shout ‘Little Nicolas’
×