Lev Parnas turns out “Fraud Guarantee LLC” totally committed fraud & SEC adjudicated a ban on Parnas
And YES I am fully aware of the latest filings in the USA v Sussman case, see bottom of this article for a quick snippet…because I’m not a super computer and only have two hands… snort
According to a recent (like less than 10 minutes ago) SEC filing —which hit my inbox at 4:03PM DC Local time …How’s that for breaking news —while I’m juggling my bonbons and other matters — this will probably the shortest article I’ve written in a while…(I was also side tracked by a 4:30PM deadline which contributed to the delay in publishing…but as you can see I started drafting this article at 4:11PM…
Lev Parnas is now barred (for life) from “…participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock….”
Lev Parnas,… was a founder, president, and chief executive officer of Fraud Guarantee LLC, a Delaware corporation with its principal place of business in Florida. From approximately 1993 to 2009, Parnas was a registered representative associated with more than ten different Commission-registered broker-dealers, where he held, at various times, Series 7, 24, and 63 licenses. Since 2009, Parnas has not been licensed or registered as a broker-dealer or as an associated person of a broker-dealer and he has not registered any entity he owns or controls with the Commission as a broker-dealer.
Pursuant to Section 15(b)(6) of the Exchange Act Respondent Parnas be, and hereby is barred from participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock. (emphasis added)
Also see previous SEC Administrative Enforcement Actions
February 2021 SEC Charges Two Individuals with Engaging in Fraudulent Securities Offering Litigation Release No. 25023 copy of complaint
April 2021 - Lev Parnas and David Correia (Release No. LR-25071)
According to the SEC's complaint, from 2013 through mid-2019, Correia, along with another individual, Lev Parnas, raised over $2 million from investors through investments in their entity, Fraud Guarantee. According to the complaint, Parnas and Correia told potential investors that their funds would be used to develop products that would help customers recoup losses resulting from investment or consumer fraud.
The complaint further alleges that contrary to Parnas's and Correia's representations, the funds were instead largely used for personal expenses including travel, jewelry, cars, and disbursements at a casino. As alleged, Parnas and Correia also falsely told potential investors that they had raised millions of dollars from other investors and that they had invested hundreds of thousands of dollars of their own money into Fraud Guarantee.
In other unrelated Defendant Sussman News:
And YES I’m fully aware of the Sussman Case and recent filings —but I’ll likely publish an article very early tomorrow morning because I’m only about 26 to 129 pages in but to say BOLO for an updated article…
May 9, 2022 (technically it hit the docket on May 8, 2022) NOTICE of Defendant's Response to Special Counsel's Objections to Proposed Trial Exhibits by MICHAEL A. SUSSMANN re 119 Notice (Other) (Attachments: # 1 Exhibit A, # 2 Exhibit B, # 3 Exhibit C, # 4 Exhibit D) -see DDC ECF
May 7, 2022 - ORDER granting in part and denying in part 57, 61 Motion in Limine and denying 58, 59 Motion in Limine as to MICHAEL A. SUSSMANN (1). See full Order for details. Signed by Judge Christopher R. Cooper on 5/7/2022 -see DDC-ECF
...you’ve sunk my battleship: “FBI noted state an attorney…on behalf of a client”
Again I plan on publishing a far more detailed article tomorrow morning but I want to read all the filings and exhibit because this could in fact be a serious game changer. Don’t believe me? Cool I now refer you to pages 3 & 4 of Sussman’s most recent filing —Brady SAY WHAT…
…To the extent the Special Counsel argues, as the defense expects he will, that Mr. Baker’s recollection of the meeting has been “refreshed” by Mr. Priestap’s notes, it is obvious that the Special Counsel’s failure to refresh Mr. Baker’s recollection with the contradictory March 2017 Notes is relevant to Mr. Baker’s credibility as well as the manner in which the Special Counsel has handled a critical witness.
…highly relevant and exculpatory…
Which means the exhibit Sussman plans to use during his trial are bad and I mean bad news for Durham but I could be getting ahead of my skis…
The defense intends to adduce evidence of this meeting at trial, including the March 2017 Notes taken by those in attendance. In his objections to Mr. Sussmann’s exhibits, the Special Counsel questions whether a non-hearsay basis exists to admit the March 2017 Notes at trial and also questions why Mr. Sussmann did not file a motion in limine regarding the March 2017 Notes.
This submission addresses those concerns.
Again I’ll publish a more in-depth article tomorrow morning concerning the recent filings in USA v Sussman —additionally you can read my previous Sussman articles here. Or the May 7th article below
Until tomorrow morning -be well - your incredibly spicy Filey because this is how I cope with grief…burning the candle at both ends. Additionally if you can’t wait until tomorrow morning then over the course of this evening I’ll be uploading the Sussman filings to my Scribd Account. Because there’s no sense in you paying >$22 for the recent filings…