• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

1

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
PoliticsDonald Trump

Trump pardons Steve Bannon, who was charged with defrauding Trump’s base

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
January 20, 2021, 1:37 AM ET
US-POLITICS-TRUMP-STAFF
US President Donald Trump (L) congratulates Senior Counselor to the President Stephen Bannon during the swearing-in of senior staff in the East Room of the White House on Jan. 22, 2017 in Washington, Trump pardoned his former adviser, charged with defrauding investors, early Wednesday. MANDEL NGAN—AFP/Getty Images

President Donald Trump pardoned former chief strategist Steve Bannon as part of a flurry of clemency action in the final hours of his White House term that benefited more than 140 people, including rap performers, ex-members of Congress and other allies of him and his family.

The last-minute clemency, announced Wednesday morning, follows separate waves of pardons over the last month for Trump associates convicted in the FBI’s Russia investigation as well as for the father of his son-in-law. Taken together, the actions underscore the president’s willingness, all the way through his four years in the White House, to flex his constitutional powers in ways that defy convention and explicitly aid his friends and supporters.

Whereas pardon recipients are conventionally thought of as defendants who have faced justice, often by having served at least some prison time, the pardon for Bannon nullifies a prosecution that was still in its early stages and likely months away from trial in Manhattan, effectively eliminating any prospect for punishment.

Though other presidents have issued controversial pardons at the ends of their administration, perhaps no commander in chief has so enjoyed using the clemency authority to benefit not only friends and acquaintances but also celebrity defendants and those championed by allies.

Besides Bannon, other Trump family allies to get pardons were Elliott Broidy, a Republican fundraiser who pleaded guilty last fall in a scheme to lobby the White House to drop an investigation into the looting of a Malaysian wealth fund, and Ken Kurson, a friend of Trump son-in-law Jared Kushner who was charged last October with cyberstalking during a heated divorce.

“Steve Bannon is getting a pardon from Trump after defrauding Trump’s own supporters into paying for a wall that Trump promised Mexico would pay for,” Democratic Rep. Adam Schiff said on Twitter. “And if that all sounds crazy, that’s because it is. Thank God we have only 12 more hours of this den of thieves.”

Bannon has been charged with duping thousands of investors who believed their money would be used to fulfill Trump’s chief campaign promise to build a wall along the southern border. Instead, he allegedly diverted over a million dollars, paying a salary to one campaign official and personal expenses for himself.

Bannon did not respond to questions Tuesday.

Trump has already pardoned a slew of longtime associates and supporters, including his former campaign chairman, Paul Manafort; Charles Kushner, the father of his son-in-law; his longtime friend and adviser Roger Stone; and his former national security adviser Michael Flynn.

A voice of nationalist, outsider conservatism, Bannon — who served in the Navy and worked at Goldman Sachs and as a Hollywood producer before turning to politics — led the conservative Breitbart News before being tapped to serve as chief executive officer of Trump’s 2016 campaign in its critical final months.

He later served as chief strategist to the president during the turbulent early days of Trump’s administration and was at the forefront of many of its most contentious policies, including its travel ban on several majority-Muslim countries.

But Bannon, who clashed with other top advisers, was pushed out after less than a year. And his split with Trump deepened after he was quoted in a 2018 book making critical remarks about some of Trump’s adult children. Bannon apologized and soon stepped down as chairman of Breitbart. He and Trump have recently reconciled.

In August, he was pulled from a luxury yacht off the coast of Connecticut and brought before a judge in Manhattan, where he pleaded not guilty. When he emerged from the courthouse, Bannon tore off his mask, smiled and waved to news cameras. As he went to a waiting vehicle, he shouted, “This entire fiasco is to stop people who want to build the wall.”

The organizers of the “We Build The Wall” group portrayed themselves as eager to help the president build a “big beautiful” barrier along the U.S.-Mexico border, as he promised during the 2016 campaign. They raised more than $25 million from thousands of donors and pledged that 100% of the money would be used for the project.

But according to the criminal charges, much of the money never made it to the wall. Instead, it was used to line the pockets of group members, including Bannon.

About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

zohran
PoliticsWorld Cup
Mamdani’s campaign for cheap World Cup tickets delivers 1,000 for city of 8 million
By The Associated PressMay 21, 2026
12 hours ago
duggan
PoliticsElections
‘In 60 days there’s been a huge change in the attitudes of this country’: Former Detroit mayor says bipartisan approach in governor race is doomed
By Corey Williams and The Associated PressMay 21, 2026
12 hours ago
reeves
Personal FinanceInflation
British government’s answer to cost-of-living crisis: discounts on theme park tickets, chocolate bars
By Jill Lawless and The Associated PressMay 21, 2026
13 hours ago
trump
PoliticsSocial Media
Indian Gen Zers turn online parody account into political movement: the Cockroach Janta Party
By Sheikh Saaliq and The Associated PressMay 21, 2026
13 hours ago
trump
PoliticsWhite House
After Venezuela and Iran, Cuba? Trump says ‘it looks like I’ll be the one that does it’
By The Associated PressMay 21, 2026
13 hours ago
trump
EnvironmentWhite House
Trump reverses grocery, air conditioning pollution regulations because they’re too woke
By Matthew Daly and The Associated PressMay 21, 2026
13 hours ago

Most Popular

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
2 days ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
17 hours ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
2 days ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
2 days ago
A 'proudly autistic' workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas
Conferences
A 'proudly autistic' workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas
By Tristan BoveMay 20, 2026
1 day ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
5 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.