On August 19, 2020, Bannon and Kolfage were arrested and charged with fraud relating to Build The Wall:
Bannon, 66, was among four people arrested and charged by federal prosecutors in Manhattan with conspiracy to commit wire fraud and conspiracy to commit money laundering. They each face up to 40 years in prison if convicted, but would likely get much shorter sentences.
Prosecutors accused the defendants of defrauding hundreds of thousands of donors through a $25 million crowdfunding campaign called “We Build the Wall.” Bannon used hundreds of thousands of dollars of that money to cover personal expenses, according to the charges.
A handcuffed Bannon wore a protective white mask amid the coronavirus pandemic and two open-collared shirts when he appeared in federal court in Manhattan, where his lawyer entered a plea of not guilty on his behalf. He was freed on $5 million bond and barred by a federal magistrate judge from traveling internationally.
Bannon was taken into custody on his patron's million-dollar yacht.