Steve Bannon Charged With Defrauding Border-Wall Supporters

Steve Bannon, an architect of Donald Trump’s 2016 election victory, was arrested on a yacht on Thursday and pleaded not guilty after he was charged with defrauding donors in a scheme to help build the President’s signature wall along the U.S.-Mexico border, Reuters reported.

As a top adviser to Trump’s presidential campaign who later served as White House chief strategist, Bannon helped articulate the “America First” right-wing populism and fierce opposition to immigration that have been hallmarks of Trump’s 3-1/2 years in office. Trump fired Bannon from his White House post in August 2017.

Bannon, 66, was among four people arrested and charged by federal prosecutors in Manhattan with conspiracy to commit wire fraud and conspiracy to commit money laundering. They each face up to 40 years in prison if convicted, but would likely get much shorter sentences.

Prosecutors accused the defendants of defrauding hundreds of thousands of donors through a $25 million crowdfunding campaign called “We Build the Wall.” Bannon used hundreds of thousands of dollars of that money to cover personal expenses, according to the charges.

A handcuffed Bannon wore a protective white mask amid the coronavirus pandemic and two open-collared shirts when he appeared in federal court in Manhattan, where his lawyer entered a plea of not guilty on his behalf. He was freed on $5 million bond and barred by a federal magistrate judge from traveling internationally.

On leaving the courthouse, Bannon took off his mask and briefly addressed reporters before leaving in a black SUV.

“This entire fiasco is to stop people who want to build the wall,” Bannon said.

Bannon was arrested in Connecticut by agents from the prosecutor’s office and the U.S. Postal Inspection Service aboard a 150-foot-long (45-metre-long) yacht, according to a law enforcement source. That yacht, called the Lady May, is owned by Chinese fugitive billionaire Guo Wengui, with whom Bannon has had a working relationship.

The famously disheveled entrepreneur headed the right-wing Breitbart News website – a voice for the alt-right movement that spans hardcore nationalists, white supremacists, neo-Nazis and anti-Semites – before joining Trump’s campaign. Bannon, an anti-globalist, has since promoted a variety of right-wing causes and candidates in the United States and abroad.

Trump told reporters at the White House that he felt “very badly” about the charges, but sought to distance himself from Bannon and the alleged scheme.

“I do think it’s a sad event,” Trump said. “I haven’t dealt with him at all now for years, literally years.”

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