Steve Bannon pleads not guilty to massive fraud operation
Bannon entered his pleas at a federal court in Manhattan on Thursday, after he was arrested earlier in the day. Together with three associates, he is accused of scamming $25 million in donations through a crowdfunding initiative that promised to pay for a wall along the US’ Mexican border.Also on rt.com Steve Bannon & 3 others ARRESTED, charged with border wall fundraiser fraud
According to the indictment against him, Bannon bilked hundreds of thousands of dollars out of the crowdfunding campaign for his own use. All four men allegedly used a network of shell companies to reroute the money from Bannon’s nonprofit organization to their own pockets.
The four are each charged with one count of conspiracy to commit money laundering and one count of conspiracy to commit wire fraud. The crimes carry a maximum sentence of 20 years in prison.
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