Former Giuliani business associate Igor Fruman pleads guilty to campaign finance conspiracy

Igor Fruman, a former associate of Rudy Giuliani, pleaded guilty Friday in Manhattan federal court to soliciting a political contribution from a foreign national. 

Fruman faces a maximum of five years in prison and a $250,000 fine on January 21, when he's scheduled to be sentenced, although the range is 37-46 months, based on sentencing guidelines. In his allocution, Fruman described the business venture in cannabis that he and his co-defendants embarked on as having "one part of the business plan including donations to government officials in those states." He added that they had created a draft list with potential names of Democratic and Republican politicians for donations, even though they knew that foreign nationals are barred from making political donations.