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Giuliani Ally Says $1 Million From Russia Was Loan to Wife

  • Prosecutors say Parnas was dishonest, want to revoke his bail
  • Parnas has pleaded not guilty to U.S. campaign finance charges
Lev Parnas, center, exits federal court with his wife Svetlana Parnas in New York, on Oct. 23. 

Lev Parnas, center, exits federal court with his wife Svetlana Parnas in New York, on Oct. 23. 

Photographer: Peter Foley/Bloomberg
Updated on

Lev Parnas, an associate of Rudy Giuliani indicted on U.S. campaign finance charges, said a $1 million transfer into his wife’s bank account from Russia was the proceeds of a loan -- and not an attempt to conceal his assets.

Federal prosecutors pointed to the transfer in a filing last week asking the judge to revoke Parnas’s bail because he misrepresented his financial resources when he was arrested. They said Parnas’ wife, Svetlana, received $1 million from a bank account in Russia in September, the month before Ukraine-born Parnas and business partner Igor Fruman were arrested as they sought to leave the country.