10 January 2022

BIZARRE BANNON LOAN (Exclusive from The Daily Beast)

Whoa! So many dots and loose threads to tie together: seeking a loan on a Connecticut property from a Kansas bank branch located in Phoenix...

Steve Bannon Sought Bizarre Loan as His Jan. 6 Woes Spiraled

"Ex-White House strategist Steve Bannon appears to have recently sought a loan against a Connecticut property linked to one of his troubled nonprofits, documents reviewed by The Daily Beast show, even though the charitable organization no longer owns the home.

The materials, addressed directly to Bannon at the $1.5 million stone estate in the plush suburban town of Wilton, do not reveal the amount of money sought, nor what Bannon sought it for. They do, however, date the loan application to Dec. 2, 2021, roughly three weeks after a grand jury indicted Bannon for refusing to testify before the House committee probing the Jan. 6 riot and around two weeks following his initial appearances in federal court.

> They also indicate Bannon attempted to borrow the dough from a Phoenix branch of KS Statebank, a Kansas-based lender, via a Delaware limited liability company named for the home’s address.

Neither a spokesperson for Bannon nor his powerhouse attorneys responded to repeated requests for comment, and calls and emails to the bank and its employees went unanswered. It is unclear if the money ever came through, because the bank signaled in the documents it might want an appraisal of the five-acre compound, with its in-ground pool and guest house—and Bannon in fact does not own the home or any stake in it.

Rather, public records and private communications The Daily Beast uncovered show that the property briefly belonged to the Rule of Law Society, a nonprofit Bannon founded in 2018 with fugitive Chinese billionaire Guo Wengui. Property records show that a separate limited liability company helmed by two of that nonprofit’s officers, including its attorney Daniel Podhaskie, bought the home from controversial right-wing psychiatrist Jeffrey Satinover in early August 2020. Efforts to reach Podhaskie and Satinover for comment for this story proved unsuccessful."

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