Lev Parnas, Ukrainian-American businessman and former Giuliani associate is pictured leaving the United States Court following a guilty verdict in his court case in the Manhattan borough of New York City, New York, U.S. October 22, 2021.
Lev Parnas, Ukrainian-American businessman and former Giuliani associate is pictured leaving the United States Court following a guilty verdict in his court case in the Manhattan borough of New York City, New York, U.S. October 22, 2021. Reuters / CARLO ALLEGRI

Lev Parnas, a onetime associate of Donald Trump's former personal lawyer Rudy Giuliani, was sentenced to 20 months in prison on Wednesday for violating U.S. campaign finance laws during the 2018 elections and for wire fraud conspiracy.

Parnas, 50, was convicted in October of seeking funds from Russian businessman Andrey Muraviev to donate to candidates Parnas believed could help secure licenses to operate cannabis businesses. U.S. law bars foreign individuals from contributing to campaigns.

The jury in federal court in Manhattan also found that Parnas had concealed that he and former associate Igor Fruman were the true source of a donation to a group supporting Trump, a Republican.

Parnas in March pleaded guilty to a separate charge of conning people into investing more than $2 million into an insurance start-up, but withdrawing much of the money for campaign contributions and personal expenses.

U.S. District Judge J. Paul Oetken read the sentence on Wednesday.

Damian Williams, the top federal prosecutor in Manhattan, said in a statement following the sentence that Parnas "defrauded the American public by pumping Russian money into U.S. elections and lying about the source of funds for political contributions."

Prosecutors last week said Parnas deserved to serve between six and eight years in prison, arguing the Ukraine-born American businessman "put himself above this country" and lacked true remorse.

A lawyer for Parnas had urged Oetken not to send Parnas to prison, arguing he deserved credit for his post-arrest cooperation with the U.S. House of Representatives' investigation leading to Trump's 2019 impeachment.

Parnas and Fruman, a Belarus-born U.S. citizen, are best known for helping Giuliani investigate Democrat Joe Biden during the 2020 presidential campaign. While Trump was impeached for abusing his powers to investigate political rivals, he was later acquitted by the Senate.

Both Fruman, who pleaded guilty, and Andrey Kukushkin, an associate of Russian businessman Muraviev who was convicted on some counts alongside Parnas, received one-year sentences.

Giuliani, a former New York City mayor, has not been accused of wrongdoing.