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Ex-Trump adviser, Steve Bannon arrested over fraudulent online fundraising scheme

Posted by on August 20, 2020 0



 

U.S. President, Donald Trump’s former political adviser Steve Bannon was on Thursday arrested in connection with an online fundraising scheme.

NAN reports that Bannon and three others, Brian Kolfage, Andrew Badolato, and Timothy Shea, were indicted for their roles in defrauding hundreds of thousands of donors in connection with an online crowdfunding campaign known as “We Build the Wall“.

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A statement from the U.S. Attorney’s office in the Southern District of New York, Audrey Strauss, started that the fraudsters raised more than 25 million dollars.

According to the statement, all the culprits have been arrested.

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“As alleged, 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 pretence that all of that money would be spent on construction.

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They had all been charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering, each of which carried a maximum penalty of 20 years in prison,” Strauss said.



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