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Steve Bannon Sought Bizarre Loan as His January 6 Woes Spiraled


Former White House strategist Steve Bannon appears to have recently sought a loan against a Connecticut estate linked to one of the Non-profit organization in trouble, documents showed by The Daily Beast, although the charity no longer owns the home.

The documents, sent directly to Bannon at the $1.5 million stone estate in the posh suburban town of Wilton, do not reveal how much money was sought nor what Bannon sought it to do. what. However, they date the loan application to December 2, 2021, about three weeks later The grand jury indicted Bannon for refusing to testify before the House committee examines it January 6 riots and about two weeks after his first appearance in federal court.

They also indicated that Bannon attempted to borrow money from a Phoenix branch of KS Statebank, a Kansas-based lender, through a Delaware limited liability company named for the home’s address. .

A spokesman for Bannon and his attorneys general did not respond to repeated requests for comment, and calls and emails to the bank and its staff went unanswered. It’s not clear if the money will arrive, because the bank has signaled in the documents that it may want to appraise the five-acre complex, with its in-ground pool and guest house — and Bannon on does not actually own the house or any shares in it.

Instead, public records and private communications revealed by The Daily Beast show the property briefly belonged to the Rule of Law Association, a Bannon nonprofit organization. established in 2018 with runaway Chinese billionaire Guo Wengui. Property records show that a separate limited liability company run by two of the nonprofit’s officials, including attorney David Podhaskie, purchased the home from a psychiatrist. controversial right-wing god. Jeffrey Satinover in early August 2020. Attempts to contact Podhaskie and Satinover for comment for this story were unsuccessful.

Just a few weeks later, federal agents Bannon was arrested above Guo’s yacht off the coast of Connecticut for alleged embezzlement from a separate nonprofit, We Build the Wall. Bannon will eventually be pardoned from defeated President Donald Trump, and meanwhile, the terms of 5 million USD guarantee money allowing him to continue traveling to the Nutmeg State.

But the Rule of Law Association has clearly decided not to keep the luxury plaque. The Daily Beast obtained an email that Podhaskie sent to the organization’s board on October 15, 2020.

“I’m pleased to announce that within two weeks of our Connecticut home for sale, we received an all-cash offer of $1,500,000,” Podhaskie wrote in an email, under a subject line that includes the home’s address. “The Rule of Law Association intends to move forward with this transaction. If anyone has any questions, comments or concerns, feel free to contact us. ”

The sale took place on November 19, 2020, although Wilton’s land records show a final price of $1,437,500, nearly $40,000 less than what the team paid to buy the home. from Satinover just three months earlier. New buyers told The Daily Beast they were not associated with Bannon or any loan applications, but declined to comment further.

Making the date listed on the mortgage claim even stranger, CNBC reported that Bannon left the Social Code — which aims to promote democracy in mainland China — in August 2021. His co-founder, Guo Wengui, has since been embroiled in a dispute. Crypto controversy sees his companies raise half a billion dollars for Securities and Exchange Commission and has faced reassignment from former aides and supporters.

For his part, Bannon faces a fine of up to $200,000 and a year in prison for refusing to cooperate with a House investigation. He insists he couldn’t disclose his communications with Trump before last year’s attack on the Capitol because they enjoyed executive privilege — even though Republicans have been out of office for nearly a year.

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