Dark money collection in Steve Bannon’s alleged IRS scam

Dark money collection in Steve Bannon’s alleged IRS scam

The Internal Revenue Service has stripped tax-exempt status from a dark money group amidst an alleged scheme by Steve Bannon to funnel hundreds of thousands of dollars from a charitable foundation into his pockets and that of his allies.

filings Posted in August Showing that the IRS has essentially turned out to be down-citizens of the American Republic, it founded the Bannon Group that backs MAGA shortly after he was ousted as former President Donald Trump’s chief strategist in 2017. The move effectively cuts off the organization’s ability to raise and spend unlimited money from Anonymous donors for political purposes.

The organization was reportedly troubled from the startAnd it was a key part of the embezzlement case that saw federal officers seize a right-wing Svenjali from the deck of a billionaire’s yacht in August 2020 — only for Trump to pardon Bannon shortly before he left the White House in 2021.

What led to the IRS’ automatic repeal was the group’s failure to file tax returns for three consecutive years, which Bannon’s camp blamed on federal interference.

“The group has been dormant since August 2020 after unjustified seizure by federal prosecutors,” a Bannon spokesperson wrote in a statement to The Daily Beast. “They requested, and our lawyers agreed, to stop all activities since August 21, 2020, more than two years ago.”

Pressing the case, prosecutors highlighted how the citizens of the US Republic got $380,000 from Bannon’s other project, We Build the Wall, which funded money for the alleged purpose of building the border barrier promised by Trump. Government lawyers noted that in the text message exchange, Bannon indicated that the citizens of the US Republic would compensate his partner Brian Colvage for his service at We Build the Wall, which the couple have publicly boasted was unpaid.

Subsequently, Bannon and Colfage received money from citizens of the US Republic, which, according to the Department of Justice, helped Kolfage maintain a “lavish lifestyle” that included ownership of a 40-foot yacht. However, Bannon’s aide insisted to The Daily Beast that the money he got did not come from We Build the Wall.

Colvage after guilty Together with a fellow conspirator on one count of conspiracy to commit online fraud, they may now face a penalty five years or even longer. The case of a third defendant involved in the scheme Concluded in a false trial in June.

Kolfage’s legal representatives did not respond to The Daily Beast’s request for comment.

Bannon’s constant negative light couldn’t have come at a worse time.

Now firmly outside Trump’s inner orbit, he now has few contacts with his former boss, whom he still praises on a daily basis. A source close to Trump described the former president as “angry” about Bannon’s role in the fraud.

“They’re not really talking,” added one of Trump’s top advisers.

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