Former Trump administration chief strategist Steve Bannon has been charged with fraud by federal prosecutors in New York and taken into custody.
The state of play: Bannon, along with three others, allegedly defrauded donors out of hundreds of thousands of dollars for their own profit with a crowdfunding campaign called "We Build the Wall" that raked in over $25 million.
- The indictment says that Bannon, via a non-profit, took in over $1 million from the scheme "and at least some of it was used to cover hundreds of thousands of dollars in [his] personal expenses."
- Bannon's co-conspirators are Brian Kolfage, Andrew Badolato and Timothy Shea.
Here's the website:
Looks like another one just bit the dust!
If you are wondering with Trump is refusing to concede his loss, here is the reason:
Shortly after Joe Biden was elected the 46th president of the United States, Donald Trump once again doubled down on his promises not to concede, with Team Trump going into overdrive to discredit the race's outcome. Part of his strategy has been to roll out fundraising efforts to continue investigating the "stolen" election.
On Wednesday, the Trump campaign began sending out dozens of emails and text messages to supporters asking (begging?) for money to put towards the president’s “Official Election Defense Fund.” The page, which lives on the Trump reelection website, is complete with an overuse of exclamation points and an urgent demand for donations: "President Trump needs YOU to step up to make sure we have the resources to protect the integrity of the Election!” and “Please contribute ANY AMOUNT IMMEDIATELY to the Official Election Defense Fund and to claim your 1000%-MATCH!”
There is, however, a not-so-clear caveat involved when making a donation to Trump’s so-called defense fund: only half of the donations are actually going toward any "election defense." In fine print further down on the donation page, it states that “50% of each contribution [will] be designated toward [Donald Trump’s] 2020 general election account or general election debt retirement until such debt is retired.” The other 50% will be “designated toward [Donald Trump’s] Recount Account.” For those who felt bamboozled, hoodwinked, or led astray by the capitalizations and overuse of punctuation, here's what that means: half of the donations that people make to the defense fund actually go to the defense fund, while the other half purportedly go toward paying off Trump's reelection campaign costs.
In similarly unclear fine print, the page also states that donations given to the Trump Make America Great Again Committee by an “Individual/Federal Multicandidate Political Committee” would have 60% of the money given put towards election debt, even less than the initial 50%. The other 40% would be sent to the RNC.
Tennessee Sen. Marsha Blackburn was happy to show her support for Trump, tweeting on Friday, “I donated to @realDonaldTrump's legal defense fund this morning, and if believe every single legally cast ballot should be counted, I encourage you to do the same.” Sen. Lindsey Graham also threw his support behind Trump on Friday, donating $500,000 to the fund. But this only seems to be working on the already-Trumpers — not the sane general public that has more or less accepted the loss.