Former White House chief strategist Steve Bannon has been arrested after being charged with defrauding hundreds of thousands of donors.
Bannon and three associates were indicted in a federal investigation in the Southern District of New York. Prosecutors allege the four defrauded donors by raising “more than $25 million to build a wall along the southern border of the United States,” but some of that money was used for personal gain.
The United States Postal Inspection Service assisted in the investigation.
BREAKING / NBC News: Former advisor to President Trump, Steve Bannon, and four others have been indicted for illegally funneling money from the “We Build The Wall” fund.
— Tom Winter (@Tom_Winter) August 20, 2020
A media company linked to former Trump adviser Steve Bannon and exiled Chinese businessman Guo Wengui raised more than $300 million in a private offering now being investigated by federal and state authorities, say people familiar with the matter https://t.co/pDv9RpSCdd
— The Wall Street Journal (@WSJ) August 19, 2020