Rudy Giuliani Represents Fraud Guarantee Founder

Marcy has already hit the announced arrests of Rudy Giuliani clients Lev Parnas and Igor Fruman as they were about to leave the country. In reading the New York Times article about the arrests and indictment, I noticed that, at least at the time of that reading, David Correia,  one of the four men indicted, was still not in custody.

I hadn’t heard of Correia before, so I did some digging. It would appear that Correia’s Twitter handle is @DavidCorreia14. The account appears to have been taken down, but there was still a cached version on Google.

It would be easy to mistake his tweets for any standard Trump bot retweeting all of the usual conspiracy theories, rather than realizing he was in the middle of some of their more nefarious schemes.

A couple of weeks ago, the Miami Herald ran a story on Parnas and Fruman, where we see that they are basically con artists with a trail of lawsuits following them around. Most hilariously, Parnas had the gall to incorporate a company under the name Fraud Guarantee. Significantly, when I started searching around to find out more about David Correia, he turned out to be a co-founder of Fraud Guarantee:

Hmmm. Campaign finance indictment. Background in commercial mortgages. Founder of Fraud Guarantee. It’s not clear to me how Correia originally hooked up with Parnas and Fruman, but the commercial real estate angle and propensity for illegal activity sure seems like a good fit with the Trump organization.

It’s really hard to get over just how much outright gall it took for Parnas and Correia to name their company Fraud Guarantee. And for Parnas to be represented by Rudy Guiliani, who has been tasked with obtaining fraudulent dirt on the Biden family for Trump, the circle just keeps closing in on itself. (Note added as I was proofing the post: it appears that the Fraud Guarantee website has been scrubbed. Glad I got those screengrabs!)

As a postscript for those of us in Florida, it’s also especially juicy that the fraudulent shell company set up to funnel money to political campaigns, Global Energy Producers, also made a $50,000 contribution to the campaign to elect currentFlorida Governor Ron DeSantis.

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21 replies
      • SomeGuyInMaine says:

        So I took a quick look. It appears to be a firm offering some sort of “insurance” product against fraud.

        It does not appear to have any hallmarks of the licensing requirements necessary to do that. None, other than the name and logo. There is no address or jurisdictional state of any kind mentioned. I spent a bunch of time in my career analyzing insurance solvency, including a fair bit of fraud.

        Paraphrasing Warren Buffet (who knows a bit about insurance) when arguing for strong insurance regulation:

        ‘In our industry someone hands us money and we hand them a promise. As a result we attract a disproportionate share of foolish optimists and crooks. So, we need robust regulation.’

        Fraud Guarantee is an onion that needs unpeeling. None of the principals have the requisite insurance background. On the other hand, they might have the requisite fraud background.

        Edit: found Florida at the bottom of the web page.

        Reply
  1. Alan says:

    Lev Parnas and Igor Fruman had lunch with Rudy Giuliani at the Trump hotel in Washington YESTERDAY, a source who saw them tells @nataliewsj. They were arrested later that night at Dulles, where they were awaiting an international flight. https://t.co/BzPwutU0Ie

    Reply
  2. Drew says:

    Correia does have a Facebook page, though you can’t see much if you aren’t friended with him. It does affirm same basic info about his being COO of Fraud Guarantee, etc. You can’t see his friends list, but you can see which pages he likes. Pete Sessions is one. Lots of others fit with the general profile of a Trumpster in Florida.

    So why did he not get arrested? What are the odds that he’s cooperating already?

    Reply
    • MB says:

      Just saw clip of Geoffrey Berman, the US Attorney from SDNY explaining that Correia is “not yet in their custody”. Sounds like they’re looking for him so they can arrest him. Consider that the other 2 Rudy associates arrested this morning were arrested at an airport, on their way out of the country…

      Reply
  3. rosalind says:

    interesting to see the names who donated to TrumpCo’s America First Action PAC alongside Global Energy Producers in 2018:

    https://www.opensecrets.org/pacs/pacgave2.php?cycle=2018&cmte=C00637512

    a bunch of donations fm people associated with ARIEL CORPORATION of Ohio, which da internet sez is: “world’s largest manufacturer of separable reciprocating gas compressors. Our compressors are utilized by the global energy industry to extract, process, transport, store, and distribute natural gas from the wellhead to the end-user.”

    Reply
    • P J Evans says:

      Compressors are necessary on long gas transmission lines to maintain flow and pressure. (I know that there are multiple compressors on the pipelines between the Colorado River and the distribution stations in southern California.)

      Reply
  4. Rapier says:

    According to CNN. “Attorney General William Barr, who visited the Manhattan US Attorney’s office Thursday in what officials said was a routine stop, was briefed on the investigation into Parnas and Fruman in February after he took office, and he supported the prosecution, according to a US Justice Department official.”
    https://www.cnn.com/2019/10/10/politics/guliani-client-arrested-campaign-finance/index.html

    So Barr knew of this all year? Huh? How is that possible yet he still has been all in on whatever the hell it is Rudy is up to? It doesn’t compute or has the fluoride finally turned his brain to porridge.

    Reply
  5. Jim White says:

    Amazingly, Global Energy Producers still has a functional Twitter account as of this evening: https://twitter.com/GEPLLC18

    And there is a tweeted link to this article: https://www.thedailybeast.com/pro-trump-megadonors-look-to-cash-in-on-trumps-plan-to-undercut-russian-energy

    I can see this much before hitting the paywall:

    We’ve been closely following Global Energy Producers LLC and its huge donation to pro-Trump super PAC America First Action in May, and have now received information indicating the company is looking to cash in on one of President Donald Trump’s major new economic and foreign-policy initiatives.
    By way of background, GEP was incorporated in Delaware in April, and proceeded to make a $325,000 contribution to America First and a $50,000 donation to a PAC supporting GOP Rep. Ron DeSantis’ Florida gubernatorial campaign. Two of the company’s executives, Igor Fruman and Lev Parnas, have also made some sizable contributions to a number of high-profile Republican political groups. Fruman has told U.S. Russian-language media that he joined Trump at a donor retreat at Mar-a-Lago in March and again at a private meeting with the president in Washington about two weeks before GEP’s America First contribution. Over the weekend, Parnas was spotted in Jerusalem, partying with a number of prominent Republican officials and donors, including U.S. Ambassador to Israel David Friedman and former Arkansas Gov. Mike Huckabee.

    Reply
    • SomeGuyInMaine says:

      Then Fraud Guarantee was evicted from their office in 2015 for non-payment of that pesky thing called rent (according to Buzzfeed).

      All the while continuing to offer an “insurance product” on their website with no apparent licenses required for that and a showing a Florida address.

      This is Rudy’s client?!

      Reply
    • Jim White says:

      Wow. It really looks as though they felt so untouchable they could openly flaunt their actions with the names of their corporate entities. I really hope they don’t have a Murder, Inc…

      Reply
  6. harpie says:

    Jim: As a postscript for those of us in Florida […]

    Usually if something fishy is going on in Florida, I think of Roger Stone, but here’s something interesting [and he may still be connected]:

    https://twitter.com/lrozen/status/1182682578781913090
    8:41 AM – 11 Oct 2019 [linking to Erica Orden]

    “Financial records uncovered as a result of an unrelated lawsuit show Parnas…received checks from Ballard Partners,” lobby firm close2WH

    received? Ballard was paying Parnas?

    …to which Brad Adkins replies with a link:
    https://twitter.com/realbradadkins/status/1182683126109065216
    8:43 AM – 11 Oct 2019

    Replying to @lrozen [link to] Citing health issue, Susie Wiles leaves Ballard Partners
    Wiles says the move is not a retirement, but a temporary break so she can focus on her health.
    https://floridapolitics.com/archives/305979-citing-health-issue-susie-wiles-leaves-ballard-partners
    September 17, 2019

    Laura Rozen, reacting to date of Wile’s announcement:

    wow. as the ukraine call was blowing up

    Reply
  7. Fmr. House Majority Leader Eric Cantor says:

    Next time you take screengrabs of something, consider installing the archive.org toolbar. You can press a single button to archive the content exactly as it appears today, and then it’s also made available to everyone else who wants to research, with the added bonus of being extra reliable (screenshots can be doctored, but archive.org shows what it saw.)

    Reply
    • bmaz says:

      Next time you deign to leave a comment here, consider a different handle. You are not Eric Cantor, and your bullshit registration address is phony too.

      Reply

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