According to Parnas, his friendship with Giuliani began two years ago as they were running in similar political circles and attending the same events. In late 2018, Parnas and Fruman began connecting Giuliani to a network of disgraced former and current Ukrainian officials and prosecutors to dig up dirt on Biden and the 2016 election.
The conspiracy theory they concocted went like this: Ukrainian officials worked with Democrats to find dirt on Trump’s one-time campaign manager Paul Manafort in order to damage Trump. They did so, Giuliani claimed, by fabricating the “black ledger” that showed that Manafort had received millions of dollars from the former pro-Russia Ukrainian ruling party that had been recently overthrown. The revelation of this ledger helped force Manafort’s resignation from Trump’s campaign, and Manafort was eventually prosecuted and convicted of a wide range of crimes as part of special counsel Robert Mueller’s investigation into Russian electoral interference in the 2016 election.
In addition, according to Giuliani’s conspiracy theory, the Ukrainian Embassy was working with Hillary Clinton’s 2016 presidential campaign and in return, the American Embassy and the Obama administration actively blocked investigations in Ukraine that Giuliani claims targeted Democrats’ political allies. As with most conspiracy theories on the right, George Soros is involved in this one too. The theory posits that a Ukrainian good governance, anti-corruption group -- the Anticorruption Action Centre (AntAC) -- was involved in framing Manafort and was corruptly tied to an FBI agent who was investigating Manafort. Giuliani also claims that an investigation into the group was shut down due to U.S. pressure and that the U.S. ambassador to Ukraine provided Ukrainian officials with a “do not prosecute” list that included people linked to AntAC. As a bonus, through the “investigation,” Giuliani claims to have been presented with evidence that then-Vice President Biden acted corruptly by withholding U.S. aid to force the resignation of a Ukrainian prosecutor investigating his son.
Nothing about this conspiracy theory is true. First, there’s no evidence that the infamous “black ledger” was fraudulent, and several payments listed in the document have been confirmed to be accurate. The Intercept reported: “Sergii Leshchenko, a former investigative journalist and reformist member of parliament who helped publicize the off-the-books payments” said that “Giuliani ‘is a liar’ for saying that the black ledger was a forgery. ‘It is a real document, with real signatures,’ Leshchenko said in a telephone interview, explaining that it had been examined by Ukrainian law enforcement experts.” Giuliani seems to have adopted the false claim about the ledger from Manafort, whose legal team has embraced it since 2017 and whom Guiliani has been meeting with to discuss the materials.
As for Giuliani’s claims that investigations into AntAC were dropped due to political pressure, the State Department has called claims of a so-called “do not prosecute” list “complete poppycock.” And an investigation into the group’s handling of foreign aid money was widely believed to be politically motivated retaliation for the group’s anti-corruption work. Finally, while Biden did pressure Ukraine to fire a prosecutor who was roundly criticized for blocking corruption investigations, there’s no evidence that he did so to benefit his son. In reality, the push to get the prosecutor in question, Viktor Shokin, fired was a part of an anti-corruption effort by advocates and international supporters of Ukraine. The United States’ well-established position was that ousting Shokin was a critical aspect of anti-corruption measures. The investigation into the energy company whose board included Hunter Biden was long dormant, and Hunter Biden was never the subject of the investigation.
Nonetheless, Giuliani says he completed his “investigation” in March and sent his findings to Secretary of State Mike Pompeo with the understanding that Pompeo would investigate. (NBCNews.com, however, reported: “A source with knowledge of the events said ... that Pompeo never promised Rudy Giuliani that he would investigate the contents of the envelope or anything related to Ukraine.”) Giuliani also sent the materials to Solomon.
NBCNews.com obtained a copy of the documents that Giuliani sent to the State Department in March and reported that they contained “a glimpse of an intricate media strategy to spread the story including segments being placed on Fox News.” NBC said the “documents also show that Giuliani, through conservative writer John Solomon’s columns in The Hill, attempted to tie former ambassador to Ukraine Marie Yovanovitch to the liberal donor George Soros as part of a massive conspiracy to take down Trump’s former campaign manager Paul Manafort and help Hillary Clinton win the 2016 election.” The materials Giuliani sent included interview notes from interviews he conducted with then-current and former Ukrainian prosecutors that “paint the picture of the narrative that Giuliani has been pushing involving the Bidens.”