Steve Bannon was arrested on a $28 million yacht owned by an exiled Chinese billionaire — take a look inside

trogers@businessinsider.com (Taylor Nicole Rogers)-August 21, 2020, 9:59 AM EDT

  • 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.

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.

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.


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.

The Lady May.<br> <p class="copyright">REUTERS/NBC New York</p>
The Lady May.
REUTERS/NBC New York


Bannon was spotted on the vessel Wednesday, the day before his arrest, Fox61’s Ben Goldman tweeted.


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.

The Lady May.<br> <p class="copyright">REUTERS/NBC New York</p>
The Lady May.
REUTERS/NBC New York


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.


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.


Lady May has been up for sale since 2016, with an asking price of $27.9 million.


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.

The Lady May.<br> <p class="copyright">REUTERS/NBC New York</p>
The Lady May.
REUTERS/NBC New York

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