Who is Andrew Badolato? (charged with wire fraud and money laundering) – Andrew Badolato Wiki
President Donald Trump’s former White House adviser Steve Bannon, Andrew Badolato and Two other men could face up to 40 years in prison each after they were arrested Thursday and charged with wire fraud and money laundering.
Bannon and one of these men, Andrew Badaloto, have a relationship dating back two decades – including dubious business ventures.
Badolato is a Venture Capitalist and Entrepreneur who Lives in Florida and Filed for Bankruptcy at Least Twice
Biography of Badolato on his special Twitter page is Hank Williams Jr. “Venture Capital, entrepreneur, classical liberal, single father, raised 3 sons, recently 2x grandfather can throw a bucket of leather and run a trotline,” he says, referring to Song. “A Village Boy Can Survive”.
Badolato’s personal web page and LinkedIn account lists several companies he founded over the years, dating back to 2001. According to Badolato’s website, his company, Bye Bye Now, filed for bankruptcy due to the dot.Com crash in 2001. He also reported that in 2006 he wrote that he filed for personal bankruptcy this time, and that he held this accountable for the new retro house laws passed by Congress.
In 2018, Badolato established “Golden Goose Technologies LLC (GGT)”, where it specializes in licensing, incubating and commercializing technologies developed by defense contractors, DARPA laboratories and other leading research institutions and centers.
He’s also the director of a company called White Knights and Vultures, “a boutique venture capital, private equity, financial advisory and professional services firm that incubates, develops, finances and helps niche-specific business opportunities,” according to his LinkedIn page.
The White Knights and Vultures is mentioned in the indictment as one of 11 corporate accounts ordered to lose funds related to the federal case.
Bannon & Badolato Shared Texts Discussing The Importance Of The Message That All Income Will Go To Build A Border Wall Is Very Important To Keep Money For Donors
As part of the evidence in the indictment, prosecutors say they write how important it is to maintain the narrative that Bannon and Badolato ‘s effort to Build the Walls was entirely led by volunteers and that all the money from donors will be used for this purpose. .
According to the indictment, Badolato sent the message that the effort would be “the most spoken media narrative ever” because it “eliminated all self-interest” and “blessed Brian Kolfage”.
Prosecutors say it was Badolato who insisted on sending an email stating that all donors were not paid to anyone and that this was a “material item” for the donors.
Kolfage also took to social media and assured donors that no one was receiving money from donors, and according to the indictment, some donors wrote to him that they did not have a lot of money and did not trust online fundraising campaigns, but trusted Kolfage. He allegedly wrote them back, promising no compensation.
Badolato’s Mafia Ties and Those Ties – He and Bannon’s Relationship – Everything Was In Place As Bannon Worked To Eliminate Donald Trump For President
GettyFormer US president advisor and US publisher Steve Bannon pose during a photo session in Paris on 27 May 2019.
The Sarasota Herald-Tribune conducted extensive research and reporting on Badolato and discovered in August 2016 that Bannon used Badalto’s home address to sign up to vote in Florida while living in D.C for the Trump campaign.
In previous years, Badolato was known to have ties to the mafia.
Sarasota reported at Herald-Tribune 2018:
Although Badolato was never charged with a crime, he has been associated with criminal activities in the past. For example, according to a federal court document, the Gambino borrowed $ 12,500 at 500 percent interest in 2008 from Sarasota resident Luis Caputo, who claimed ties to the organized crime family. Federal court records show that Badolato was threatened by Caputo when he failed to repay the loan. He eventually helped the FBI drop Caputo from extortion charges by recording their meeting and exchanging marked bills. Caputo was sentenced to two years in prison in 2013 and died a year later at the age of 78. Badolato was so afraid of Caputo that he requested post-shift protection by the Sarasota Police Department, according to records.
Bannon, Badaloto, Brian Kolfage and Timothy Shea have been named in an unsealed indictment by the United States New York Southern District Attorney and the United States Postal Inspection Service for allegedly defrauding hundreds of thousands of donors in connection with a known online crowdfunding campaign. As “We Are Building the Wall” exceeding $ 25 million. (Read the indictment at the end of the story.)
“As alleged, the defendants defrauded hundreds of thousands of donors, capitalizing on their interest in funding a border wall to raise millions of dollars, under the false pretense that all of that money would be spent on construction,’’ Acting U.S. Attorney Audrey Strauss said in a statement. “While repeatedly assuring donors that Brian Kolfage, the founder and public face of “We Build the Wall,’’ would not be paid a cent, the defendants secretly schemed to pass hundreds of thousands of dollars to Kolfage, which he used to fund his lavish lifestyle. We thank the USPIS for their partnership in investigating this case, and we remain dedicated to rooting out and prosecuting fraud wherever we find it.”