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Steve Bannon Arrested on Charges of Defrauding 'We Build The Wall' Campaign Donors

Bannon and three others accused of ripping off donors to an online fundraising scheme

 on 20th August 2020 @ 7.00pm
steve bannon has been arrested over the  we build the wall  scheme © press
Steve Bannon has been arrested over the 'We Build The Wall' scheme

Former White House advisor Steve Bannon and three others were arrested Thursday on charges of allegedly defrauding hundreds of thousands of donors who donated to their crowdfunded "We Build The Wall" project.

The online fundraising campaign was led by triple-amputee Air Force veteran Brian Kolfage.

The nonprofit group raised more than $25 million under the false pretense that all money raised would be spent on privately-funded border wall construction, the Justice Department said.

“While repeatedly assuring donors that Brian Kolfage, the founder and public face of We Build the Wall, would not be paid a cent, the defendants secretly schemed to pass hundreds of thousands of dollars to Kolfage, which he used to fund his lavish lifestyle,” Acting U.S. Attorney Audrey Strauss, a Democrat, said in a statement.

Bannon served as the advisory board chair of the nonprofit group.

Kolfage and Bannon are accused of scheming “to hide their misappropriation of funds by creating sham invoices and accounts to launder donations and covering up their crimes, showing no regard for the law or the truth,” Inspector-in-Charge Philip Bartlett said.

the group s leader  brian kolfage  is accused of defrauding donors to fund his lavish lifestyle © press
The group's leader, Brian Kolfage, is accused of defrauding donors to fund his lavish lifestyle

“This case should serve as a warning to other fraudsters that no one is above the law, not even a disabled war veteran or a millionaire political strategist,” Bartlett added.

According to the indictment, Bannon and co-defendant Brian Kolfage told the public that they were a "volunteer organization" and that 100% of the money raised would go toward their stated goal, which was to raise money for the federal government to build a wall along the U.S.-Mexico border.

"Those representations were false," the indictment said.

Prosecutors claim that Kolfage, Bannon, Andrew Badolato, and Timothy Shea took money for themselves as the campaign raised upward of $25 million.

The indictment alleges that Bannon received more than $1 million through a nonprofit that he then used for personal expenses and to pay Kolfage.

Prosecutors say Bannon and the others used the nonprofit and a shell company to hide the payments to Kolfage “by using fake invoices and sham ‘vendor’ arrangements,” as well as other means of keeping the payments quiet.

The indictment stated that in order to raise funds, Kolfage and Bannon “repeatedly and falsely” told the public that Kolfage would “not take a penny” in compensation.

The campaign's website said that all of the money raised would go to the government for building the wall and that if they did not meet their fundraising target, they would "refund every single penny," according to the indictment.

Within a week of Kolfage launching the campaign in December 2018, they raised roughly $17 million, prosecutors said.

Due to concerns over where the money was going, the crowdfunding platform told Kolfage to identify a nonprofit that the money would go to or the funds would be returned.

At that point, prosecutors said, Bannon and Badolato worked on creating the nonprofit We Build the Wall Inc.

brian kolfage raised millions in private donations under the pretense the money would be used for border wall construction  prosecutors say © press
Brian Kolfage raised millions in private donations under the pretense the money would be used for border wall construction, prosecutors say

The stated goal was then changed to using the money to privately construct the wall, and past donors had to agree to have their money used for that purpose.

They were assured that all of the money would go to wall construction, and not to Kolfage or the organization's board, the indictment said.

"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 pretense that all of that money would be spent on construction," Acting U.S. Attorney Strauss said in a statement.

Bannon and the other defendants were each charged with conspiracy to commit wire fraud and conspiracy to commit money laundering.

Each count carries a maximum penalty of 20 years in prison.

In addition to Kolfage and Bannon, the DOJ identified Badolato and Shea as the other suspects arrested and indicted.

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tags: Fraud | Charity
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