President Trump's personal lawyer Rudy Giuliani told Reuters Monday he was paid $500,000 in consultancy work for the fraud prevention firm Fraud Guarantee, co-founded by indicted Ukrainian-American businessman Lev Parnas.
Why it matters: Parnas and Igor Fruman were arrested this month for violating campaign finance law and conspiracy. The Trump donors had helped connect Giuliani with Ukrainian officials as part of his efforts to investigate former Vice President Joe Biden and his son.
What they're saying: Per Reuters: "Giuliani said Parnas' company, Boca Raton-based Fraud Guarantee, whose website says it aims to help clients 'reduce and mitigate fraud', engaged Giuliani Partners, a management and security consulting firm, around August 2018."
"Giuliani said he was hired to consult on Fraud Guarantee’s technologies and provide legal advice on regulatory issues."
The big picture: The New York Times reported last week that New York federal prosecutors had launched a criminal investigation to determine whether Giuliani "broke lobbying laws in his dealings in Ukraine."
- Federal prosecutors in Manhattan are looking into Giuliani's personal business relationships with Ukraine, which include his finances and time working for a city mayor, the Wall Street Journal reported earlier Monday.