He pleaded guilty in March to plotting to steal hundreds of thousands of dollars from investors at a company called Fraud Guarantee.
Federal prosecutors, including Barnes and a conspirator, falsely claimed that “investors’ financial fraud was used only for the formal business expenses of the guarantee, in fact the funds were often received in cash, transferred to personal accounts, and used explicitly. Personal expenses.”
Prosecutors say the two defrauded investors of more than $ 2 million in total.
Barnes cried as he apologized to the victims just minutes before sentencing.
“These are all my friends. All of them trusted me and I lied to them,” Barnes told the court.
“Barnes is now serving a prison sentence for a number of his crimes. Unsatisfied with deceiving investors in his business fraud guarantee, Barnes defrauded the American people of more than $ 2 million by paying Russian money in the U.S. election.
Following his sentence, Barnas told reporters outside the court that he believed the judge’s decision was fair.
“I think the judge is fair considering all the circumstances. I have made a lot of mistakes because of my past,” he said. “I can accept them now and I can go.”
Barnas was ordered to repay $ 2,322,500 and be released after three years of supervised release.
Accumulates money in support of Trump
As part of his plan, he was convicted of using the money of Ukrainian businessman Igor Froman – who had previously pleaded guilty – and of making false contributions to the fake company GOP and Donald Trump, making hundreds of thousands of political contributions and then lying. It is for the Central Election Commission.
The $ 325,000 donation to America First Action Super PAC in trouble in this case was first flagged off in the 2018 FEC complaint.
Barnes’ imprisonment is much shorter than the time he could have enjoyed. He faces up to five years in prison in each of the five cases, and the sixth figure faces up to 20 years in prison for falsifying records for the FEC. Federal prosecutors recommended between 78 and 97 months.
Barnes and Freuman were arrested at the Washington Area Airport in 2019 while boarding a flight to Vienna. The arrest comes amid an investigation by the House Democrats and an eventual impeachment – the introduction of then-President Trump and two unknown Florida-based businessmen to the world stage with shocking recordings.
Barnes did not testify in the end, but he seemed to consider the move seriously for his own protection. At Giuliani’s order, prosecutors expected Ukrainian politicians to inquire into Barnes’ Quit Pro Quo proposals.
This story has been updated with additional details and background information.
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