A business partner of Lev Parnas, who helped Rudolph W. Giuliani, President Trump’s personal lawyer, dig up dirt on the president’s political rivals, is expected to plead guilty on Thursday to defrauding investors in a start-up, according to two people with knowledge of the case.

The partner, David Correia, will admit in Manhattan federal court to duping investors in a company he founded with Mr. Parnas, Fraud Guarantee, that offered a kind of insurance against swindles, one of the people said.

Mr. Correia, a former golf pro, and Mr. Parnas were first indicted last October on federal campaign finance charges, accused of participating in a conspiracy to conceal the source of hundreds of thousands of dollars in political contributions.

New charges filed last month accused the men of bilking their investors in Fraud Guarantee, which they founded in 2012. Prosecutors said investors had pumped $2 million into the company, but it never got off the ground.

Source: New York Times

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