Dark Money Group in Alleged Bannon Scam Dinged by IRS - 2022-09-07
The Internal Revenue Service has stripped tax-exempt status from the dark money outfit at the center of an alleged scheme by Steve Bannon to funnel hundreds of thousands of dollars from a charity into his and his allies' pockets.
Filings posted in August show the IRS essentially rendered defunct Citizens of the American Republic, the MAGA-boosting group Bannon founded shortly after his unceremonious ouster as ex-President Donald Trump's chief strategist in 2017. The move effectively cuts off the organization's capacity to raise and spend unlimited funds from anonymous donors for political ends.
The organization was reportedly troubled from the outset, and was a key part of the embezzlement case that saw federal officers arrest the right-wing svengali off the deck of a billionaire's yacht in August 2020—only for Trump to pardon Bannon shortly before exiting the White House in 2021.