Steve Bannon requested bizarre loan as his January 6 woes skyrocket

Former White House strategist Steve Bannon appears to have recently applied for a loan against a Connecticut property linked to one of his ailing nonprofits, according to documents reviewed by The Daily Beast, although the he charity no longer owns the house.

The documents, addressed directly to Bannon in the $ 1.5 million stone estate in the opulent suburban town of Wilton, do not reveal the amount of money sought, or what Bannon sought him for. However, they date the loan request to December 2, 2021, about three weeks after a grand jury indicted Bannon for refusing to testify before the House committee investigating the January 6 riot and about two weeks after his initial appearance in federal court. .

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

Neither a spokesperson for Bannon nor his prosecutors responded to repeated requests for comment, and calls and emails to the bank and its employees went unanswered. It’s unclear whether the money has already arrived, as the bank has indicated in the documents it may want an appraisal of the five-acre resort, with its in-ground pool and guesthouse – and Bannon in fact doesn’t own. not the house nor any participate in it.

On the contrary, public records and private communications uncovered by the Daily Beast show that the property briefly belonged to the Rule of Law Society, a non-profit organization founded in 2018 with fugitive Chinese billionaire Guo Wengui. Property records show that a separate limited liability company run by two of the executives of this nonprofit, including his lawyer Daniel Podhaskie, purchased the house from controversial right-wing psychiatrist Jeffrey Satinover in early August 2020. Efforts to reach Podhaskie and Satinover to comment on this story have been unsuccessful.

Weeks later, federal agents arrested Bannon on Guo’s yacht off the Connecticut coast for allegedly hijacking a separate nonprofit, We Build the Wall. Bannon would eventually secure a pardon from defeated President Donald Trump, and in the meantime the terms of his $ 5 million bail allowed him to continue traveling to Nutmeg State.

But the Rule of Law Society apparently decided not to keep the posh notebook. The Daily Beast obtained what appears to be an email Podhaskie sent to the organization’s board on October 15, 2020.

“I am happy to report that within two weeks of the Connecticut home going on sale, we received a cash offer of $ 1,500,000,” Podhaskie wrote in an email, under a line of ‘object including the address of the property. “The Rule of Law Society intends to move forward with this transaction. If anyone has any questions, comments or concerns, please do not hesitate to contact us.

The sale took place on November 19, 2020, although Wilton land records show the final price was $ 1,437,500, almost $ 40,000 less than the group had paid to acquire the Satinover home three months previously. . The new buyers told the Daily Beast they had no involvement with Bannon or loan applications, but declined to comment further.

Making the date on the mortgage application even more bizarre, CNBC reported that Bannon quit ruler of the company – which claims to promote democracy in mainland China – in August 2021. Its co-founder, Guo Wengui, has since been embroiled in a cryptocurrency. controversy that has seen his companies pay half a billion dollars to the Securities and Exchange Commission and face complaints from former collaborators and supporters.

Bannon, for his part, faces up to $ 200,000 in fines and one year in prison for his refusal to cooperate with House’s investigation. He maintained that he could not disclose his communications with Trump prior to the attack on Capitol Hill last year because they enjoyed executive privileges, despite Bannon being fired from Trump’s White House in 2017.

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