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Giuliani Ally Correia Settles SEC Suit Over Fraud Guarantee

April 13, 2021, 6:25 PM

David Correia agreed to permanent injunctions as part of a deal to end an SEC suit alleging he misused money invested in his Fraud Guarantee business, according to federal court filings in New York.

The settlement also includes about $54,000 in disgorgement and prejudgment interest, but that’s deemed satisfied by a restitution order entered against Correia in a related criminal case, the Securities and Exchange Commission told the U.S. District Court for the Southern District of New York Monday.

Correia, Fraud Guarantee’s co-founder and chief operating officer, and fellow defendant Lev Parnas falsely told investors they’d already raised $5 million...

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