US Says Giuliani Associate Parnas Deserves Up to 8 Years’ Prison

(Bloomberg) – U.S. prosecutors have said Lev Parnas, a Florida businessman and associate of Rudy Giuliani, faces up to eight years in prison for crimes including violating campaign finance laws and investor scam.

The Ukraine native rose to prominence during former President Donald Trump’s first impeachment when it was revealed that Giuliani had recruited him to help in his efforts to dig up the dirt on the candidate from the Joe Biden era and his son, Hunter.

Parnas’ criminal prosecution revolved around illegal efforts to pump money into the US election, including donating $325,000 straw to a committee that supported Trump and defrauding investors of more than $2 million. dollars to support a lavish lifestyle.

Read more: Giuliani Parnas associate found guilty in campaign finance case

After a jury trial in Manhattan, he was also found guilty of funneling funds from a Russian investor to political candidates in Nevada, Florida and elsewhere to build support for a planned cannabis business.

In a filing late Wednesday, prosecutors urged a judge to deny Parnas’ clemency request and ignore his efforts to pin the blame on his “famous friends and countrymen.”

“Put simply, Parnas was engaged in a wire fraud scheme long before he traveled the world with the rich and famous,” they wrote.

In addition to spending 78 to 97 months behind bars, Parnas is expected to pay $2,322,500 in restitution to his victims, the government said in its memo.

Parnas associate Igor Fruman pleaded guilty last year to one count of soliciting foreign campaign contributions and was sentenced to a year in prison.

U.S. District Judge J. Paul Oetken scheduled Parnas’ sentencing for June 29. He has been free since his trial in October.

The case is US v. Parnas, 19-cr-725, US District Court, Southern District of New York (Manhattan).

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