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Response to earthside (Original post)

Thu Aug 20, 2020, 09:59 AM

19. Link to the SDNY's press release and the indictment:

https://www.justice.gov/usao-sdny/pr/leaders-we-build-wall-online-fundraising-campaign-charged-defrauding-hundreds-thousands

...According to the Indictment[1] unsealed today in Manhattan federal court:

Starting in approximately December 2018, BRIAN KOLFAGE, STEPHEN BANNON, ANDREW BADOLATO, and TIMOTHY SHEA, and others, orchestrated a scheme to defraud hundreds of thousands of donors, including donors in the Southern District of New York, in connection with an online crowdfunding campaign ultimately known as “We Build The Wall” that raised more than $25 million to build a wall along the southern border of the United States. In particular, to induce donors to donate to the campaign, KOLFAGE repeatedly and falsely assured the public that he would “not take a penny in salary or compensation” and that “100% of the funds raised . . . will be used in the execution of our mission and purpose” because, as BANNON publicly stated, “we’re a volunteer organization.”

Those representations were false. In truth, KOLFAGE, BANNON, BADOLATO, and SHEA received hundreds of thousands of dollars in donor funds from We Build the Wall, which they each used in a manner inconsistent with the organization’s public representations. In particular, KOLFAGE covertly took for his personal use more than $350,000 in funds that donors had given to We Build the Wall, while BANNON, through a non-profit organization under his control (“Non-Profit-1”), received over $1 million from We Build the Wall, at least some of which BANNON used to cover hundreds of thousands of dollars in BANNON’s personal expenses. To conceal the payments to KOLFAGE from We Build the Wall, KOLFAGE, BANNON, BADOLATO, and SHEA devised a scheme to route those payments from We Build the Wall to KOLFAGE indirectly through Non-Profit-1 and a shell company under SHEA’s control, among other avenues. They did so by using fake invoices and sham “vendor” arrangements, among other ways, to ensure, as KOLFAGE noted in a text message to BADOLATO, that his pay arrangement remained “confidential” and kept on a “need to know” basis.

PDF:
https://www.justice.gov/usao-sdny/press-release/file/1306611/download

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earthside Aug 2020 OP
Voltaire2 Aug 2020 #1
SheltieLover Aug 2020 #9
bucolic_frolic Aug 2020 #10
2naSalit Aug 2020 #15
woodsprite Aug 2020 #20
efhmc Aug 2020 #2
UpInArms Aug 2020 #3
Cracklin Charlie Aug 2020 #12
klook Aug 2020 #28
UpInArms Aug 2020 #33
bucolic_frolic Aug 2020 #4
George II Aug 2020 #5
Siwsan Aug 2020 #11
Gothmog Aug 2020 #6
George II Aug 2020 #17
Eyeball_Kid Aug 2020 #24
NRaleighLiberal Aug 2020 #7
Ohiogal Aug 2020 #23
George II Aug 2020 #8
dalton99a Aug 2020 #13
turbinetree Aug 2020 #22
marble falls Aug 2020 #14
SheltieLover Aug 2020 #16
2naSalit Aug 2020 #18
LineReply Link to the SDNY's press release and the indictment:
Princess Turandot Aug 2020 #19
turbinetree Aug 2020 #21
bluedigger Aug 2020 #35
Fla Dem Aug 2020 #25
Arkansas Granny Aug 2020 #26
Lonestarblue Aug 2020 #27
fleur-de-lisa Aug 2020 #29
C_U_L8R Aug 2020 #30
IronLionZion Aug 2020 #31
PatSeg Aug 2020 #32
bluedigger Aug 2020 #34
Baclava Aug 2020 #36
Penn Voter Aug 2020 #37
earthside Aug 2020 #38
keithbvadu2 Aug 2020 #39
Omaha Steve Aug 2020 #40
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