Former White House chief strategist Steve Bannon was arrested Thursday after being charged with defrauding hundreds of thousands of donors through his “We Build the Wall” fundraising campaign.
Bannon pleaded not guilty during a court hearing later Thursday, and he was expected to be released, according to NBC News. Bannon is getting a $5 million bond that is secured by $1.75 million in cash or property that Bannon has to post by Sept. 3. He is not allowed to use private jets or yachts, and he must surrender his passport. His travel will be limited to Connecticut and the New York and Washington, D.C., areas.
Bannon and three associates were indicted in a federal investigation in the Southern District of New York. Prosecutors allege the four defrauded donors by raising “more than $25 million to build a wall along the southern border of the United States,” but some of that money was used for personal gain.
The United States Postal Inspection Service assisted in the investigation.