Steve Bannon, one of the leaders of President Trump's 2016 presidential campaign, has pleaded not guilty to charges that he defrauded donors to an online fundraising effort to build a border wall.
On Thursday, Bannon was arraigned in federal court, along with three others. After his not guilty plea, he was released from prison on a $5 million bond.
According to prosecutors, Bannon and a co-defendant named Brian Kolfage publicly promised donors that 100% of their contributions to a "volunteer organization" online would go to the wall Trump had promised to build along the U.S.-Mexico border.
There was also a promise that if donations fell short of the organization's fundraising goal, "every single penny" would be refunded to donors.
Instead, according to the indictment, Bannon, Kolfage, and two others kept millions for their own personal expenses. The campaign raised more than $25 million.