There could not be a more apt name for a company associated with this administration.
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More fuel for the fire:
https://www.nytimes.com/2019/11/06/us/politics/ukraine-giuliani-charles-gucciardo.html
The $500K paid to Rudy by Parnas and Fruman came from:
Charles Gucciardo, a Republican donor and supporter of Mr. Trump. The payment was part of a deal in which Mr. Gucciardo would become an investor in a company started by the businessman, Lev Parnas
Per the story Gucciardo was getting convertible notes in Fraud Guaranty.
“He understood that he was investing in a reputable company that Rudolph Giuliani was going to be the spokesman and the face of,”
However
Fraud Guarantee does not appear to have any customers. Mr. Giuliani did not make any commercials for the company or otherwise engage in any public marketing for it.
Yet:
Mr. Parnas said Mr. Giuliani “offered some advice on” Fraud Guarantee. He said his efforts to help Mr. Trump in Ukraine were self-funded and “have nothing to do with our business.”
What did Parnas and Fruman get?
Around the time Mr. Parnas returned from the trip, he promised to pay Mr. Giuliani $500,000 to provide what Mr. Giuliani described as “a combination of business advice and consulting, consistent with what my company does, and legal advice.” But Mr. Parnas, whose business ventures had left him with a trail of debts and lawsuits, did not have the cash and feared that if he did not come up with it, he and Mr. Fruman might lose their access to Mr. Giuliani
This story has valuable info, but opens big question.
$500,000 is a lot of money. You get something for that. What Rudy says he provided in exchange (“business advice, consulting, legal advice”) is bullshit. It’s a lie which everybody knows is a lie. Rudy never even did the public appearances which Gucciardo says he was paying for. The story says access is what Rudy provided. But the access was used to borrow money to pay Rudy.
Rudy, Parnas and Fruman all say they were working for Trump in Ukraine for free. That’s very unlikely.
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