Steve Bannon has been arrested and charged with money laundering and conspiracy to commit wire fraud.
Federal prosecutors on Thursday charged Steve Bannon, President Donald Trump’s former campaign adviser, and three others with defrauding donors in relation to an attempt to build a border wall with private donations.
He is accused of defrauding donors of hundreds of thousands of dollars by siphoning off money meant to be used to the wall for personal expenses.
Bannon, who was President Donald Trump’s former campaign boss, was arrested this morning in Washington, D.C. on charges he and others allegedly made false representations about the “We Build the Wall campaign.”
Bannon, 66, is expected to appear in court virtually on Thursday.
Prosecutors said Bannon and others defrauded hundreds of thousands of donors to the online campaign by falsely assuring them the organizers were not taking a penny of donation money.
“Those representations were false,” the indictment said.
In truth, according to the indictment, Bannon took at least $1 million to pay personal expenses.
Federal prosecutors on Thursday charged Steve Bannon, President Donald Trump’s former campaign adviser, and three others with defrauding donors of hundreds of thousands of dollars in a border wall fundraising campaign.
Bannon has been arrested, according to a spokesman for the US attorney’s office. Bannon’s lawyer did not immediately respond to a request for comment.
Former Trump adviser Stephen Bannon indicted on conspiracy charges in alleged fundraising fraud for border wall, Justice Dept. says https://t.co/U9t3W5HGgk
— The Washington Post (@washingtonpost) August 20, 2020