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President Trump's personal lawyer Rudy Giuliani speaks during a conference in Albania in July. Photo: Gent Shkullaku/AFP/Getty Images

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 and charged with violating campaign finance laws 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.

  • 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."
  • The federal prosecutors are looking into Giuliani's personal business relationships with Ukraine, the Wall Street Journal reported earlier Monday.

What they're saying: Giuliani told Reuters Parnas' company, Fraud Guarantee, "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," Reuters reports.
"Giuliani told Reuters the money came in two payments made within weeks of each other. He said he could not recall the dates of the payments. He said most of the work he did for Fraud Guarantee was completed in 2018 but that he had been doing follow-up for over a year."

The big picture: Fraud Guarantee is based in Boca Raton, Florida. The company's website states its mission is to "help reduce the risk of fraud as well as mitigate the damage caused by fraudulent acts."

Go deeper: Foreign-born Giuliani associates arrested on campaign finance charges

Editor's note: This article has been updated with more details on Fraud Guarantee.

Go deeper

Updated 1 hour ago - Politics & Policy

Top Pentagon officials contradict Biden on Afghanistan advice

Photo: Carolone Brehman/Pool/AFP via Getty Images

Top military leaders confirmed in a Senate hearing Tuesday they recommended earlier this year that the U.S. keep 2,500 troops in Afghanistan, and that they believed withdrawing those forces would lead to the collapse of the Afghan military.

Why it matters: Biden denied last month that his top military advisers wanted troops to remain in Afghanistan, telling ABC's George Stephanopoulos: "No one said that to me that I can recall."

Poll: Latinas more likely to open their own businesses, despite pandemic setbacks

Janie Isidoro, owner of My Corazon, a Chicano business in downtown Hanford, Calif. Photo: Al Seib/Los Angeles Times via Getty Images

Latinas in the U.S. are more likely to own, or plan to open, their own businesses than non-Hispanic women, despite the pandemic’s disproportionate burden, a recent poll found.

Why it matters: The survey, conducted by Telemundo, the Latino Victory Foundation and Hispanics Organized for Political Equality, suggests Latinas can be a driver of growth for the U.S. even though they have faced greater COVID-19-related setbacks.

Warren opposes Fed chair Powell's renomination, calls him a "dangerous man"

Sen. Elizabeth Warren speaks during a hearing before Senate Armed Services Committee on Sept. 28. Photo: Alex Wong/Getty Images

Sen. Elizabeth Warren (D-Mass.) questioned Federal Reserve chair Jerome Powell's record on financial regulation during a hearing Tuesday, calling him a "dangerous man" and saying that she would not support his renomination for a second term.

Driving the news: While the Fed chair’s term expires in early 2022, President Biden is expected to make a decision this fall on whether to reappoint Powell or nominate another candidate.