Lev Parnas, an associate of Rudy Giuliani who was a figure in President Donald Trump’s first impeachment investigation, was sentenced Wednesday to a year and eight months in prison for fraud and campaign finance crimes.
Parnas, 50, had sought leniency on the grounds that he’d cooperated with the Congressional probe of Trump and his efforts to get the leaders of Ukraine to investigate President Joe Biden’s son.
U.S. District Judge J. Paul Oetken didn’t give Parnas credit for that assistance, which came only after the Soviet-born businessman was facing criminal charges. But the judge still imposed a sentence lighter than the six years sought by prosecutors.
The judge also ordered Parnas pay $2.3 million in restitution.
Addressing the court before the sentence was announced, Parnas sobbed and apologized to people who had lost money investing in his business ventures.
“A lot that you heard is true your honor. I have not been a good person my whole life. I’ve made mistakes. And I admit it,” Parnas said. “I want to apologize to all the victims that I hurt. These are all people who are my friends, all people who trusted me and I lied to them to further my personal agenda,” Parnas said.
The criminal case against Parnas was not directly related to his work acting as a fixer for Giuliani as the former New York City mayor connected with Ukrainian officials and lobbied them to launch an investigation of Biden’s son, Hunter.
Instead, it zeroed in on donations Parnas had illegally made to a number of U.S. politicians using the riches of a wealthy Russian as part of an effort to jump-start a legal recreational-marijuana business.
In March, Parnas also pleaded guilty to a wire fraud conspiracy, admitting that he and a partner had given investors false information about a Florida-based business, Fraud Guarantee, that promised it could protect people against fraud.
That new company hired Giuliani as a consultant at a time when some Ukrainian figures were trying to curry favor with the Trump administration, agreeing to pay him $500,000.
Charles Gucciardo, a Long Island attorney who put up the cash to pay Giuliani, told the judge during the sentencing hearing that he hoped the former mayor would return the money, since Fraud Guarantee turned out to be a fraud.
“My bet is he’s going to give me that money back,” he said, adding that he didn’t blame Giuliani, who has not been charged with any crimes in connection with the scheme.
Giuliani, who was working at the time as a personal lawyer for then-President Donald Trump, has said he knew nothing about the crimes of Parnas and others.
Federal prosecutors are investigating whether Giuliani’s interactions with Ukrainian figures violated a federal law that governs lobbying on behalf of foreign countries or entities.
Parnas and a business associate, Igor Fruman, attracted attention from reporters after arranging big donations to Republican politicians, including a $325,000 donation to a political action committee supporting Trump.
An October conviction also supported a finding that he made illegal donations in 2018 to promote a new energy company.
During Parnas’ sentencing hearing, the judge also heard from other people who had lost money with him in failed business deals.
Dianne Pues said the businessman “destroyed my life” when he failed to repay money she and her husband had loaned him to produce a movie called “Anatomy of an Assassin.”
Parnas promised he would become a new person.
He made a special apology to Gucciardo, turning to face him as he spoke.
“I’d like to apologize to Mr. Gucciardo. Even though I never spent a dollar of his money. I lied to him and used our friendship. Charles, I am sorry,” he said.