Indicted Giuliani associates hit with SEC complaint

Two former associates of Rudy Giuliani were slapped Thursday with a Security Exchange Commission complaint detailing how they spent more than $2 million in investors’ money on fancy clothes, travel and other luxuries. David Correia and Lev Parnas allegedly promised investors their money would only go toward an insurance start-up ironically named “Fraud Guarantee.” Instead, the pair splurged at casinos, luxury clothing stores and nightclubs, according to the SEC complaint. The two men already face criminal charges for the alleged seven-year scam bilking investors in the company, as well as lyin...