Former Donald Trump advisor Steve Bannon arrested on fraud charges

Former White House chief strategist Steve Bannon has been arrested after being charged with defrauding hundreds of thousands of donors through the “We Build the Wall” campaign. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Former White House chief strategist Steve Bannon was arrested Thursday after being charged with defrauding hundreds of thousands of donors through his “We Build the Wall” fundraising campaign. Bannon and three associates were indicted in a federal investigation in the Southern District of New York. Prosecutors allege the four defrauded donors by raising “more than $25 million to build a wall along the southern border of the United States,” but some of that money was used for personal gain.