How Steve Bannon Fleeced MAGA Donors
He pleads guilty to defrauding the people he claims to represent.
By
The Editorial Board WSJ
Follow Feb. 11, 2025 5:40 pm ET
Listeners to Steve Bannon's "War Room" podcast might want to know why he pleaded guilty Tuesday to defrauding donors who gave money to try to build a private border wall. Yes, this case was in blue New York. But the feds hit Mr. Bannon with similar charges in 2020. Mr. Bannon received a pardon in the last hours of President Trump's first term.
Mr. Bannon's plea deal includes no jail time if he keeps his nose clean for three years. The indictment, announced in 2022 by Manhattan District Attorney Alvin Bragg, alleged that a group called We Build the Wall had raised millions by promising that "100% of your money goes towards the wall," and that its leadership would "not take a penny of compensation from these donations."
In reality, according to the indictment, "Unindicted Co-Conspirator 1 received over two hundred and fifty thousand dollars in secret salary payments." Some of that cash was allegedly routed through "entities controlled by Bannon," it said. "Bannon was informed in a text message from Unindicted Co-Conspirator 2 that Unindicted Co-Conspirator 1 would be stating publicly that he would not be taking a penny from the donations. Bannon responded '[Unindicted Co-Conspirator Entity 1] can pay him.'"
The Justice Department's indictment made the scheme sound even sleazier. Federal prosecutors alleged that a nonprofit controlled by Mr. Bannon "received over $1,000,000," a substantial portion of which was quietly used "to cover hundreds of thousands of dollars in BANNON's personal expenses." Some donors to We Build the Wall said "they did not have a lot of money and were skeptical about online fundraising campaigns." But because they trusted the cause, "they were giving what they could."
Mr. Bannon pleaded not guilty in the federal case, and he was then sprung from liability by Mr. Trump's pardon. Two of the other defendants pleaded guilty and went to prison. A third was convicted by a jury and received 63 months. Mr. Trump's pardon message called Mr. Bannon "an important leader in the conservative movement," and it didn't even attempt to grapple with the charges or justify invalidating them.
Grandstanding as a populist, Mr. Bannon raised millions from concerned plumbers and truck drivers and retirees, and then secretly siphoned off money. Maybe he thinks MAGA stands for Make America Grift Again.