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

The CIA's new license to cyberattack

Illustration: Aïda Amer/Axios

In 2018 President Trump granted the Central Intelligence Agency expansive legal authorities to carry out covert actions in cyberspace, providing the agency with powers it has sought since the George W. Bush administration, former U.S. officials directly familiar with the matter told Yahoo News.

Why it matters: The CIA has conducted disruptive covert cyber operations against Iran and Russia since the signing of this presidential finding, said former officials.

3 hours ago - Technology

Tech hits the brakes on office reopenings

Illustration: Annelise Capossela/Axios

Tech was the first industry to send its workers home when COVID-19 first hit the U.S., and it has been among the most cautious in bringing workers back. Even still, many companies are realizing that their reopening plans from as recently as a few weeks ago are now too optimistic.

Why it matters: Crafting reopening plans gave tech firms a chance to bolster their leadership and model the beginnings of a path back to normalcy for other office workers. Their decision to pause those plans is the latest sign that normalcy is likely to remain elusive in the U.S.

The existential threat to small business

Illustration: Eniola Odetunde/Axios

The coronavirus pandemic has changed the game for U.S. businesses, pushing forward years-long shifts in workplaces, technology and buying habits and forcing small businesses to fight just to survive.

Why it matters: These changes are providing an almost insurmountable advantage to big companies, which are positioned to come out of the recession stronger and with greater market share than ever.