Steve Bannon, ex-Trump adviser and campaign chief executive, was arrested on Wednesday, aboard the Lady May, a 152′ aluminum luxury yacht, owned by exiled Chinese billionaire Guo Wengui. The yacht was cruising in Long Island Sound near Westport, CT, when it was boarded by federal postal inspectors and special agents from the United States attorney’s office in Manhattan. Bannon told others he had been cruising aboard the yacht for months.
Bannon has been charged with defrauding donors to a private fund-raising effort called We Build the Wall, which was intended to bolster one of the president’s signature initiatives: erecting a barrier on the Mexican border. Bannon is accused of stealing more than $1 million from donors.