>> Trace: BACK ON THE BREAKING
>> Trace: BACK ON THE BREAKING
NEWS OF STEVE BANNON BEING
ARRESTED, TRUMP’S EX-POLITICAL
ADVISOR ARRESTED IN A
CONNECTION WITH A CROWD FUNDING
SCHEME CALLED WE BUILD THE WALL.
THAT’S WHAT IT WAS KNOWN AS.
IT WAS AIMED AT RAISING $25
MILLION FOR BUILDING THE
SOUTHERN BORDER WALL.
THE U.S./MEXICAN BORDER WALL
THAT STEVE BANNON WAS A BIG
ADVOCATE FOR.
THE CONCEPT OF THIS IS THAT
AUTHORITIES THOUGHT THAT THE
$25 MILLION WOULD ALL BE GOING
TO THE CONSTRUCTION EFFORTS TO
BUILD THE WALL.
WELL, NOW THEY’RE ALLEGING THAT
HUNDREDS OF THOUSANDS OF
DOLLARS AT LEAST OF THAT MONEY
HAS BEEN TAKEN NOW AND FUNNELED
TO FUND THE LAVISH LIFESTYLES
OF THOSE WHO WERE ASSOCIATED
WITH THE WE BUILD THE WALL
EFFORT AND HAVE BEEN ARRESTED
ALONG WITH STEVE BANNON.
STEVE BANNON ARRESTED WITH
THREE OTHERS.
FOR THEIR ROLES IN DEFRAUDING
HUNDREDS OF THOUSANDS OF DONORS
WITH THE ONLINE CAMPAIGN KNOWN
AS WE BUILD THE WALL.
BANNON WAS A FORMER INVESTMENT
BANKER AND KNOWS FINANCIAL
SECTORS VERY WELL AND IN THE
MEDIA AND PRESIDENT TRUMP’S
ADVISOR.
IT’S KEY BECAUSE YOU HAVE THESE
THREE OR FOUR PEOPLE WHO HAVE
BEEN ARRESTED NOW AND WE STILL
HAVEN’T HEARD FROM THE OTHER
SIDE AS TO WHAT THEY’RE SAYING
ABOUT THESE ALLEGATIONS THAT A
BUNCH OF THIS MONEY WAS
FUNNELED TO FUND THESE LAVISH
LIFESTYLES.
>> Sandra: READING DIRECTLY
FROM THE SOUTHERN DISTRICT OF
NEW YORK PRESS RELEASE.
THE ACTING U.S. ATTORNEY, THIS
IS A DIRECT QUOTE.
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 THAT MONEY
WOULD BE SPENT ON CONSTRUCTION.
IT GOES ON.
SO WHAT WE HAVE RIGHT NOW IS
THIS PRESS RELEASE FROM THE
U.S. ATTORNEY’S OFFICE SOUTHERN
DISTRICT OF NEW YORK.
WE’LL LIKELY LEARN MORE AS THIS
NEWS BREAKS, TRACE.
>> Trace: THE INSPECTOR IN
CHARGE PHILLIP BARTLETT SAID
THE DEFENDANT’S ALLEGEDLY
ENGAGED IN FRAUD WHEN THEY
MISREPRESENTED THE TRUE USE OF
DONATED FUNDS.
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.
AGAIN THE ALLEGATIONS ARE THEY
USED THIS MONEY FOR FUNDING
LAVISH LIFESTYLES.
WE HAVEN’T HEARD FROM ANY OF
