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Former Trump Advisor Steve Bannon Indicted On Charges of Defrauding Donors

NEW YORK — Steve Bannon, the former advisor to President Trump, and 3 others have been indicted by federal prosecutors for money laundering and conspiracy to commit wire fraud in connection with a crowdfunding campaign to build a border wall between the U.S. and Mexico.


What You Need To Know

  • Former Trump advisor Steve Bannon was indicted by federal prosecutors Thursday morning
  • Bannon and 3 others are accused of defrauding donors in a crowdfunding campaign to build a border wall between the U.S. and Mexico
  • Bannon and the 3 others have been charged with money laundering and conspiracy to commit wire fraud
  • Building a border wall between the U.S. and Mexico was one of President Trump’s central campaign promises in the 2016 election

Bannon, who also previously served as Trump’s campaign manager, was arrested Thursday morning on charges that he and 3 others were attempting to defraud donors to the “We Build the Wall” campaign.

Bannon is expected to appear in court virtually on Thursday.

In a statement, acting U.S. Attorney Audrey Strauss said, “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.”

Prosecutors allege that while Bannon and others assured donors that they were not taking a penny in donation money, “those representations were false.”

According to the indictment, Bannon himself “received over $1 million from We Build the Wall,” which prosecutors allege he used to “cover hundreds of thousands of dollars” in personal expenses.

This is a breaking news story. Check back later for further updates.

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