PanamaTimes

Sunday, Oct 25, 2026

Trump ally Steve Bannon pleads not guilty in donor fraud case

Trump ally Steve Bannon pleads not guilty in donor fraud case

Bannon is indicted on money laundering and conspiracy charges related to a campaign to build a US-Mexico border wall.

Steve Bannon, a longtime ally of former US President Donald Trump, has been indicted on six criminal charges related to Trump’s effort to build a wall along the US-Mexico border.

In an indictment made public on Thursday, Bannon was charged with two counts of money laundering, three counts of conspiracy and one count of scheming to defraud.

Bannon pleaded not guilty and said the charges were “all nonsense” while leaving the courtroom. The 68-year-old was released without bail.

The new charges concern some of the same conduct of a previous, federal indictment that was dismissed when Trump pardoned Bannon on his last day in office.

Bannon and three other men had been charged by federal prosecutors in August 2020 with defrauding donors in a private $25m fundraising drive.

Known as “We Build the Wall“, the fundraiser aimed to help build Trump’s signature wall along the southern border to stop migrants from coming to the United States. Bannon had pleaded not guilty to those charges before they were dropped.


According to Thursday’s indictment, Bannon concealed how the drive’s chief executive was receiving hundreds of thousands of dollars of donor money despite promising not to take a salary.

The chief executive has been identified in court papers as Brian Kolfage, an Air Force veteran who pleaded guilty in April to federal wire fraud conspiracy and tax charges, and is awaiting sentencing.

“Stephen Bannon acted as the architect of a multi-million dollar scheme to defraud thousands of donors across the country,” Manhattan District Attorney Alvin Bragg said in a statement. “It is a crime to turn a profit by lying to donors.”

Trump’s presidential pardon does not affect this case, as it covers federal charges but does not prohibit state prosecutions.

Bannon had said in a statement Tuesday that Bragg “has now decided to pursue phony charges against me 60 days before the midterm election”, accusing the Democratic prosecutor of targeting him because Bannon and his radio show are popular among Trump’s Republican supporters.

“This is an irony,” Bannon said outside Bragg’s office on Thursday morning as he arrived to turn himself in. “On the very day the mayor of this city has a delegation down on the border, they’re persecuting people here [for trying to] stop them at the border.”


Bannon has championed “America First” right-wing populism, including fierce opposition to existing immigration practices, that became hallmarks of Trump’s presidency.

This latest development came less than two months after Bannon was convicted of contempt of Congress for defying a subpoena from a House of Representatives committee probing the January 6, 2021, attack on the US Capitol.

He now runs the popular podcast, War Room, and has often hosted guests who denied that Trump lost the 2020 election to Joe Biden.

In 2020, federal agents pulled Bannon from a luxury yacht off the Connecticut coast and arrested him on charges he pocketed more than $1m in wall donations. Prosecutors alleged thousands of investors were tricked into thinking all of their donations would go towards the border wall project, although Bannon instead paid a salary to one campaign official and personal expenses for himself.

While the wall Bannon’s group proposed was to be built on the US southern border far away from New York City, Manhattan prosecutors have jurisdiction to pursue charges against Bannon because some donors to the effort lived in New York.

Another defendant in the case, Andrew Badolato, has pleaded guilty over the scheme, while a judge in June declared a mistrial in the case of the final defendant, Timothy Shea.

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Advertising trick: Pepsi’s Harrier Jet Commercial Led to a $700,000 Court Fight
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Trump’s Top General Seeks an Exit Strategy From Iran War, Report Says
Brock Lesnar Retires From Wrestling, Closing a Career of Rare Athletic Range and Lasting Controversy
Trump-Era Policy Shifts Test the Boundaries of U.S. Institutions
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Breaking With the Past: One of the World’s Smallest Countries Changes Its Name
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
Cuba’s Grid Fails Again as Fuel Crisis Deepens
Nazca Lines Flight Crash Kills Thirteen as Peru Suspends Aerodiana
OpenAI Faces Demands for Full Disclosure After Models Breach Hugging Face
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Why Americans Queue for $15 Ice Cream and a $100 Caviar Pint
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Spain Defeats Argentina in Extra Time to Win Second World Cup
Venezuela’s Earthquake Devastation Turns U.S. Investment Opportunity Into a Thirty-Seven Billion Dollar Reconstruction Challenge
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The AI Race Enters Its Infrastructure Era
Colombia Influencer Dies After Cosmetic Procedure at Unlicensed Bogota Salon
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
On the Island That Did Not Yield to Trump, There Is No Electricity, and 10 Million Live in Darkness
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Anthropic Reengineers Agentic Architecture to Shift Autonomous Workplace Automation to the Cloud
Global Crisis Alert: Escalating Middle East Tensions and UK Political Upheaval
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
×