Steve Bannon Is Charged With Fraud in We Build the Wall Campaign


August 21, 2020 7:52 am
August 21, 2020 7:52 amLeave your thoughts

On Thursday, Stephen K. Bannon, President Trump’s former adviser and an architect of his 2016 general election campaign, was charged with defrauding donors to a private fund-raising effort called We Build the Wall, which was intended to bolster the president’s initiative along the Mexican border.

According to a federal indictment unsealed in Manhattan, Mr. Bannon, working with a wounded Air Force veteran and a Florida venture capitalist, conspired to cheat hundreds of thousands of donors by falsely promising that their money had been set aside for new sections of the wall.

The fund-raising effort collected more than $25 million, and prosecutors said Mr. Bannon used nearly $1 million of it for personal expenses.

Mr. Bannon was arrested at 7:15 a.m. on a $35 million, 150-foot yacht belonging to one of his business associates.

Together with the Coast Guard, special agents from the United States attorney’s office in Manhattan and federal postal inspectors boarded the yacht off Westbrook, Conn., the officials said. Mr. Bannon, 66, was on deck, drinking coffee and reading a book, when the raid occurred.

At a brief arraignment on Thursday, Mr. Bannon pleaded not guilty to charges of wire fraud conspiracy and money laundering conspiracy, each of which carries a maximum penalty of 20 years in prison. He was released from custody on a $5 million bond.

According to the authorities, Mr. Bannon hatched the plot to defraud the donors with three other men: Brian Kolfage, a 38-year-old Air Force veteran and triple amputee from Miramar Beach, Fla.; Andrew Badolato, 56, a venture capitalist from Sarasota, Fla.; and Timothy Shea, 49, of Castle Rock, Colo.


Categorised in:

Leave a Reply

Your email address will not be published. Required fields are marked *

IN THE NEWS

NYC cuts ties with Trump Organization

NYC cuts ties with Trump Organization

New York City is cancelling its contracts with the Trump Organization, Mayor Bill de Blasio said Wednesday morning, a result of the violence that
BD”E Rabbi Yehuda Kelemer

BD”E Rabbi Yehuda Kelemer

We regret to inform you of the passing of Rabbi Yehuda Kelemer, ע”הMorah D’asra of Young Israel of West Hempstead, Levaya and
Pelosi calls for Trump’s immediate removal from office

Pelosi calls for Trump’s immediate removal from office

BREAKING: Speaker Pelosi calls for VP Pence and the Cabinet to remove President Trump from office via the 25th Amendment, or another impeachment
US Attorney’s Office is Investigating Hunter Biden’s Tax Affairs

US Attorney’s Office is Investigating Hunter Biden’s Tax Affairs

The Biden Team released a statement today from Hunter Biden.
NY to receive vaccines as early as this weekend

NY to receive vaccines as early as this weekend

New York state will receive its first shipment of the coronavirus vaccine doses as early as this weekend. The first shipment will include 170,000
Israel receives it’s first batch of Pfizer Vaccines

Israel receives it’s first batch of Pfizer Vaccines

The first batch of the coronavirus vaccines from Pfizer arrived in Israel on Wednesday morning. A DHL flight from Brussels carried over 100,000 of
Flynn case dismissed

Flynn case dismissed

DC District Court Judge Emmet Sullivan dismissed the criminal case against Michael Flynn. He noted that the pardon does not make Flynn innocent.
Israeli flag flown in Iran

Israeli flag flown in Iran

An Israeli flag with a message underneath was seen in the Tehran suburb or Tehranpars. The message below the flag reads “Thank you Mossad&;

Trending