STEVE BANNON ARRESTED IN FUNDRAISING SCHEME WIRE FRAUD, MONEY LAUNDERING

Former Trump administration chief strategist Steve Bannon was charged on Thursday with fraud by federal prosecutors in New York and taken into custody.

The state of play: Bannon, along with three others, allegedly defrauded donors out of hundreds of thousands of dollars for their own profit with a crowdfunding campaign called “We Build the Wall” that raked in over $25 million.

The indictment says that Bannon, via a non-profit, took in over $1 million from the scheme “and at least some of it was used to cover hundreds of thousands of dollars in [his] personal expenses.”
Bannon’s co-conspirators are Brian Kolfage, Andrew Badolato and Timothy Shea.
What they’re saying: “As alleged, the defendants defrauded hundreds of thousands of donors, capitalizing on their interest in funding a border wall to raise millions of dollars, under the false pretense that all of that money would be spent on construction,” acting U.S. Attorney Audrey Strauss said in a statement.

“This case should serve as a warning to other fraudsters that no one is above the law, not even a disabled war veteran or a millionaire political strategist,” added Inspector-in-Charge Philip R. Bartlett.
This is a breaking news story and will be updated.

About Chris Kamo

Great Lakes Post is a news aggregation website run by Chris Kamo and the site consists of links to stories for from all over the world about life and current events .

View all posts by Chris Kamo