Trump supporters and ‘We Build the Wall’ scam victims testify at NYC fraud trial - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Regulation News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Regulation News RSS Get our newsletter
Order Prints
October 27, 2022 Regulation News
Share
Share
Post
Email

Trump supporters and ‘We Build the Wall’ scam victims testify at NYC fraud trial

New York Daily News, The (NY)

Supporters of former President Donald Trump’s signature immigration policy who were swindled in the “We Build the Wall” crowdfunding scam testified in Manhattan Federal Court on Wednesday about paying for a southern border wall they never got.

The testimony came on the second day of Steve Bannon associate Timothy Shea’s retrial. The Colorado businessman is charged with money laundering, conspiracy, and a host of related charges connected to the “We Build the Wall” fundraiser. Shea’s last trial ended without a verdict when a juror refused to convict, citing a government “witch hunt.”

Nicole Keller, a high school teacher from Texas, was one of more than 350,000 people who donated money to build a wall along the U.S.-Mexico border.

She said she gave up her cash after she heard Purple Heart recipient Brian Kolfage, a triple amputee who was the face of the charity, said “every penny” raised would go toward the goal. Kolfage pleaded guilty to the scheme in April along with Bannon’s friend Andrew Badolato.

“I remember being impressed at seeing that ‘100%’ — that there was a private citizen that was so committed to the task that it was something he was going to stand completely behind as we donated our money,” Keller testified.

Keller said once she read news articles casting doubt on the fund’s legitimacy, she tried in vain to get her money back from GoFundMe.

“I was insulted that somebody had taken what should be a position of honor and valor,” said Keller. “And instead used it to defraud me.”

Army veteran William Ward, 72, of Arizona, contributed $100 in a “symbolic” gesture for what he thought was a noble cause.

Ward believed “that the proceeds were all going to go in the most direct manner possible to actually construct the wall,” he told the jury.

He also failed to get his money back after he learned the fund was being investigated.

“I just felt I’d been cheated,” he said.

Some of the $25 million that the campaign took in went toward partial construction of the wall — and some of it was used for cosmetic surgery, home renovations, a car, a boat, a golf cart, jewelry, and credit card debt, prosecutors said.

Ranch Property Management, Shea’s shell company, was the vessel that funneled many illegal wire payments to Bannon, Kolfage, and Badolato, according to the indictment.

Shea, who owns an energy drink company that purports to sell “liberal tears,” has pleaded not guilty.

Trump pardoned Bannon of federal charges in a last-minute clemency blitz before leaving the White House. He was charged anew by the Manhattan district attorney last month and has pleaded not guilty. The presidential pardon didn’t encompass state prosecution.

©2022 New York Daily News. Visit nydailynews.com. Distributed by Tribune Content Agency, LLC.

Older

Jackson and Halo partner to expand fee-based annuity access

Newer

More prison time for fraudster who sent judge false letters from mom, Stefanik aide

Advisor News

  • Judge rules insurers not liable for Newport Group’s AME Church pension lawsuit
  • Why vacation homes are becoming a major blind spot for advisors
  • The rise of the ‘gray divorce’ insurance client
  • Succession planning: Building the future of your practice
  • From loss to security: Supporting widowed clients with life insurance
More Advisor News

Annuity News

  • When technology becomes easy to rent, what still separates life and annuity carriers?
  • Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
  • Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
  • Industry pushes back on linking ‘financial strength’ to annuity illustrations
  • Sammons Enterprises & Sammons Financial Group Respond to Reports
More Annuity News

Health/Employee Benefits News

  • Reports on Geriatrics and Gerontology from National Hospital of the Faroe Islands Provide New Insights (10-year Cognitive Change In the Faroese Septuagenarian Cohort and Impact of Sociodemographic, Lifestyle, and Health Factors): Aging Research – Geriatrics and Gerontology
  • Department of Anesthesiology Researchers Have Provided New Data on Opioid Crisis (Insurance Noncoverage of Interventional Pain Procedures: Paving the Road Toward the Second Prescription Opioid Crisis): Opioids – Opioid Crisis
  • 160,000 Pennsylvanians Off Health Insurance Exchange After Price Hikes
  • New Medicaid rules could hit 600,000 Oregonians. Many may not know it
  • Many employees lack a financial cushion for unexpected medical costs
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Withdraws Credit Ratings of New Providence Life Insurance Company
  • When technology becomes easy to rent, what still separates life and annuity carriers?
  • St. Paul & Minnesota Foundation invests $15M to help revive downtown St. Paul
  • Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
  • NAIC SUMMER NATIONAL MEETING HIGHLIGHTS COLLABORATION AND ADVANCES PRIORITIES
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet