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.
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.