Bannon, Kolfage & Fisher investigations still have a way to go.
"Whoa, Prosecutors Want To Seize Steve Bannon's Assets And Bank Records
Tucked near the bottom of the many-page indictment, prosecutors are seizing the assets of his dark-money nonprofit Citizens of the American Republic.
Near the end of a lengthy indictment detailing fraud allegations against Stephen Bannon, former Donald Trump campaign CEO and chief strategist and his associates, federal prosecutors reveal that they intend to seize the assets of a murky nonprofit organization Bannon launched in 2017 to promote “economic nationalism.”
The group is Citizens of the American Republic, a California-based nonprofit that serves as a platform for Bannon’s films and podcasts that promote Trump’s ideology. Throughout the 24-page indictment, the group appears to be referenced as “Non-Profit-1” in a scheme in which Bannon and his partners were allegedly looting a crowdsourced charity, We Build the Wall, for personal gain. The indictment never outright states that “Non-Profit-1” is Citizens of the American Republic, but it describes it as an “organization founded by [Bannon] with the stated purpose of promoting economic nationalism and American sovereignty,” which closely matches the nonprofit’s own stated aims.
The indictment alleges that “Non-Profit-1” received over $1 million through the scheme and funneled part of it to Brian Kolfage, the military veteran who raised money to build a privately funded wall to help Trump block off the southern border.
The document also sheds light on an oblique financial trail linking a loose-knit group of private businesses and nonprofit organizations politically aligned with Trump. In addition to Bannon’s nonprofit and We Build the Wall, federal investigators are moving to seize assets from four other entities, including two affiliated with Kolfage — a defunct right-wing news site called Freedom Daily that operated out of Florida and America First Medical, a medical supplies company Kolfage formed in Wyoming to sell masks in the midst of the coronavirus pandemic.
U.S. rules allowing so-called dark money groups like Bannon’s to hide the identity of their donors helps them maintain a shroud of secrecy, which is only partially pierced by a criminal indictment and the subpoena power of investigators.
“The only reason any of this is coming to light is it turns out that the money that was being collected wasn’t necessarily used for the promised purposes and instead it was used to enrich someone,” said Daniel Weiner, deputy director of the Brennan Center for Justice’s Election Reform Program. “The secrecy, at least for the people who helped design the system, is a feature not a bug.”
