The Week in Business: Steve Bannon Charged With Fraud - News Summed Up

The Week in Business: Steve Bannon Charged With Fraud


According to a federal indictment, Mr. Bannon and three other men solicited money from private donors for We Build the Wall, which pledged to put the funds exclusively toward constructing the barrier that Mr. Trump promised during his 2016 campaign but didn’t deliver. The organization raised more than $25 million, but court documents say that Mr. Bannon used more than $1 million of it for himself. And the companies are mulling a way to sidestep the law by restructuring their drivers under a franchise model. About That Trade DealChina and the United States were expected to chat last weekend about the progress of their six-month-old trade agreement. The United States cut off more special trade relations with the territory this week as China continued to stifle political dissent and assert dominance there.


Source: New York Times August 23, 2020 10:52 UTC



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