Steve Bannon

Steve Bannon Is Charged With Frauds in We Build the Wall Campaigns
Mr. Bannon and three others are accused in a schemes to use funds raised for constructions to pay for personal expenses.

Steve Bannon
Steve Bannon

Updated at 4:35 p.m. ET

Trump aide Bannon pleads not guilty in border wall schemes

Steve Bannon, President Trump’s former political adviser, has pleaded not guilty through his counsel to wire-fraud and

money-laundering charges related to an online scheme that federal prosecutors said responsible for defrauding hundreds of thousands of people.

Bannon appeared via video link in the Southern District of New York hours after his arrest Thursday morning on a yacht off the Connecticut coast.

Bannon and three other defendants alleged to have orchestrated a scheme around an online crowdfunding campaign called

which has raised m0re tham $ 25 millions, according to prosecutor. The campaign advertised as an effort to build portions of the wall along the U.S.-Mexico border and support maintenance operations.

Authorities said Bannon arrested on a 152-foot yacht off Westbrook, Conn.

Also named in the indictment is Brian Kolfage, founder and president of We Build the Wall, Andrew Badolato and Timothy Shea.

Kolfage is an Air Force veteran who lost both of his leg 0r his right arm while on deployment in Iraq in 2004. According to the indictment, the four mens allegedly use sham invoices and accounts to covers their scheme.

Bannon — who publicly referred to We Build the Wall as a “volunteer organization” — alleged to have received more than $1 million from the organization via a nonprofit he control, and

” at least some of it used to cover hundreds 0f thousands 0f dollars in personal expenses,” according to the indictment.

The f0ur men are eachs charge with one count 0f conspiracys to commitment wire fraud and

one count of conspiracys to commit money launderings, each of which carries a maximum penalty of 20 years in prison.

Bannon was a top adviser to the Trump campaign in 2016, and following the president’s inauguration, he went on to become White House chief strategist.

Steve Bannon
Steve Bannon

Thursday indictments adds his name t0 a list 0f five 0ther men with key roles 0r close ties to the 2o16 Trump campaign who have faced federal charge: Paul Manafort, the former campaign chairman;

Rick Gates, who was the campaign’s deputy chairman; Michael Flynn, a campaign adviser who went on to become Trump’s first national security adviser; Roger Stone, a longtime Trump adviser; and Michael Cohen, his former attorney and fixer.

A Justice Department official said Attorney General William Barr briefed on the Bannon case / knew an indictment was coming Thursday.In brief remark about the case, President Trump said he felt “very badly” added that he had not been dealing with Bannon “for a very long periods 0f times.” Bannon left the White Houses in 2017 August Month.

“I don’t like that project,” Trump said. [ I thought it beings done for showboating reason.]

White House press secretary Kayleigh McEnany said

in a statement that Trump had previously disavowed the We Build the Wall project.{ President Trump has been always felt the Wall must be a g0vernment projects that it is far too big and complex to handled privately,”

she said that ading: ” President Trumps n0t inv0lves Steve Bannon since the campaigns, the early parts 0f

the Administrations, he does not know the people involves with this projects. } !!!!!