Stephen Bannon, a former adviser to President trump, was indicted in New York with three other people on suspicion of fraud in raising donations to the US southern border wall. Bannon and other defendants were arrested. On the evening of the 20th, Bannon attended the hearing. He refused to plead guilty and was released on bail of $5 million. As part of the bail conditions, he was forbidden to travel abroad in a private plane or yacht without the permission of the court. According to the cable day report, Bannon and other four defendants were suspected of misappropriating part of the money raised by “we build a wall” network for private use. In addition to Bannon, the other three defendants were Brian colfach, the founder of the US air force, the “we build the wall” organization; Andrew Badolato, the boss of a financial company with whom Bannon has cooperated for more than 10 years; and Timothy shey, who wrote for the right-wing network media “Breitbart news”, was accused of owning an empty shell company. The construction of the border wall between the United States and Mexico was proposed by U.S. President trump four years ago during his election campaign. In February this year, “we build the wall” organization told the media that it was communicating with the U.S. government to build a wall on the southern border of the United States and to hand over the raised funds to the US government. CNN reported that in less than two years, we have raised “more than 25 million dollars (about 175 million yuan) of wall building funds.”. Bannon and korfach have repeatedly promised donors that 100% of the money raised will be used to build the U.S. – Mexico border wall. < p > < p > the indictment details the “tricks” played by Ban Nong and other people to misappropriate funds. Within a few days of the founding of “we build the wall”, Bannon, korfach and badoratoda formed a “secret agreement”, which included that korfach would “obtain $100000 in advance and then $20000 a month”. Prosecutors said that in order to cover up the transfer of funds to korfach, Bannon secretly transferred funds through a non-profit organization under his name. In February 2019, Bannon made a secret payment of $100000 to korfach through the agency. Since then, the organization has been transferring funds to korfach in private, with an amount of more than $1 million. According to the charges, korfach embezzled more than $350000 in funds for personal use, including cosmetic surgery, a luxury SUV, a golf cart, a boat, house decoration, jewelry and credit card debt. < / P > < p > “as accused, Bannon and others cheated hundreds of thousands of donors, raising tens of millions of dollars, falsely claiming that the money would be used for construction.” “Bannon and others have repeatedly assured donors that they will not receive any salary or reward, but will secretly use the money to live a luxurious life,” Audrey Strauss, the Manhattan federal prosecutor, said in a statement. Banon, colfach and two other defendants were also charged with conspiracy to defraud telecommunications and conspiracy to launder money, each of which carries a maximum sentence of 20 years’ imprisonment. < / P > < p > the prosecution reviewed the text messages of Bannon, badorato and others. The text message showed that Bannon’s first call to colfach was for his salary of $100000, and for the next two months, Bannon paid him $20000 a month. This is in line with the secret agreement of the prosecution < / P > < p > according to the indictment, korfacci also sent a text message to badorato, telling him that he had to disclose in his tax returns that the payments were made to non-profit organizations, “which is better than paying you and me.”. < / P > < p > in the following months, colfacci’s “secret monthly salary” was paid through other third-party entities, which the prosecution called suppliers of our wall. In the end, the money was paid through shell companies founded by Shea. < / P > < p > according to the indictment, in October 2019, Bannon, korfach and badorato learned from a financial institution that the “we build the wall” project may be under federal criminal investigation in the United States, and they began to take measures to conceal their actions. < / P > < p > since then, Bannon and colfache have been using encrypting information applications on their phones. Colfacci stopped accepting secret salaries. A statement from the website “we build the wall” that “colfach has not received compensation” disappeared. After that, the website issued a statement saying that korfacci’s salary would be paid from January 2020. Hours after Bannon’s arrest, trump said at the White House that he was “very sad.”. “Well, I feel terrible. I haven’t dealt with him for a long time. ” < / P > < p > as for the border wall fund-raising project, trump said he had “no knowledge” of the project or the people involved. But CNN revealed that Trump’s key allies were on the project’s board. According to CNN, Bannon was once the head of Trump’s campaign team and was considered one of the main operators of Trump’s victory in 2016. After trump was elected, Bannon served as the White House chief strategist and senior adviser to the president. He was dismissed in August 2017. Before joining the trump campaign, Bannon served as executive chairman of the right-wing network media “brightbart news”. The website often advocates “white supremacy” and anti Semitism, opposes multiculturalism and advocates “Western values”. < p > < p > CNN commented that Bannon’s troubles had just begun. For Bannon, it is much more difficult to defend a financial case that is not black or white than to defend a case involving subjective intention. No matter how good a lawyer is, he can’t wash up false invoices and false receipts. Ban Nong believes that the future is bleak. According to Federal Sentencing Guidelines, Bannon faces a sentence of at least seven to nine years if convicted, based on the amount of fraud suspected (more than $25 million, according to prosecutors).