-
Steve Bannon was arrested on a $28 million yacht owned by an exiled Chinese billionaire — take a look inside
One-time Trump campaign adviser Steve Bannon was arrested on fraud charges aboard a $28 million yacht off the coast of Connecticut Thursday. The 151-foot-long yacht, called Lady May, features a rotating living room and sleeps 10. Lady May is owned by a billionaire on China's most-wanted list.
Visit Business Insider's homepage for more stories.
Former Trump associate Steve Bannon was arrested on fraud charges Thursday aboard a $28 million yacht. The vessel where the arrest took place, a 151-foot long yacht owned by an exiled Chinese billionaire, is just as remarkable as federal prosecutors' allegations that Bannon was a part of a group that used a campaign to raise funds for a wall on the US/Mexico border to defraud donors out of millions of dollars. Bannon pled not guilty to the charges. Keep reading to learn more about Bannon's arrest aboard the Lady May.SEE ALSO: A family feud, a real-estate empire, and a supermodel: Meet the family of 'coronavirus czar' Jared Kushner, Trump's son-in-law and top adviser DON'T MISS: Trump has lost the financial support of some of the billionaires who bankrolled his 2016 campaign — take a look at who's dropping out in 2020 Steve Bannon, a longtime associate of President Trump, was arrested by US Postal Inspection Service agents Thursday. Federal prosecutors allege Bannon and three others used a campaign to build a border wall to defraud donors out of millions of dollars, but Bannon has pled not guilty.
Source: Business Insider, Business Insider The arrest reportedly took place aboard a luxe yacht called 'Lady May.' The boat was in the Long Island Sound off the coast of Westbrook, Connecticut at the time of Bannon's arrest.
Source: Business Insider Bannon was spotted on the vessel Wednesday, the day before his arrest, Fox61's Ben Goldman tweeted. Tweet Embed: //twitter.com/mims/statuses/1296488037266927616?ref_src=twsrc%5Etfw This photo is Bannon up close last night - prior to arrest (credit: Jace Sadowsky) pic.twitter.com/vh9khXJIQ5 Source: Ben Goldman/Twitter The 151-foot long vessel is owned by Chinese billionaire Guo Wengui. Guo is a friend of Bannon's and an outspoken critic of the Chinese government who is wanted on charges of fraud, blackmail, and bribery in Beijing.
Source: Business Insider, Washington Post A video tour of the Lady May posted on Instagram by its broker shows the yacht's luxe interiors, including five staterooms that can sleep up to 10 guests and 8 crew members. Instagram Embed: //instagram.com/p/CCtQKcLFRFh/embed Width: 540px Source: Moran Yachts/Instagram The interior features a salon with furniture on a rotating platform so guests can "maximize the stunning views" and glass doors that open onto the bar area on the vessel's aft deck, per Burgess Yachts. Instagram Embed: //instagram.com/p/CBv3olUjMwi/embed Width: 540px Source: Moran Yachts/Instagram Lady May has been up for sale since 2016, with an asking price of $27.9 million. Instagram Embed: //instagram.com/p/CADbhlWDADA/embed Width: 540px Source: Moran Yachts/Instagram Bannon likely won't be reboarding the Lady May or any other yachts any time soon. A condition of his $5 million bond is that he can't travel on private planes or yachts without the court's permission.
Source: Business Insider
More like this (3)
-
Celebrities react to Joe Biden and Kamala Harris after 2020 election victory
Summary List PlacementOn November 7, news outlets across the country called the 2020 presidential race for...
-
Trump says he knows 'nothing' about border wall project following Bannon's arrest – video
Donald Trump says he knows nothing about the fundraising organisation associated with Steve Bannon's arrest on...
-
A former Russian Navy ship was turned into a luxury superyacht and it's now on sale for $27 million — see inside Olivia
A 225.7-foot Russian navy ship was converted into a superyacht that's now on sale for nearly...
