Bannon charged with money laundering in border wall fundraising case

State of play: Former President Trump pardoned Bannon at the end of his term in a similar federal case, but presidential pardons don't apply to state investigations.

• Bannon had pleaded not guilty to the federal charges before Trump's pardon.
• In a statement Tuesday, Bannon slammed the expected New York indictment as "phony charges" and "nothing more than a partisan political weaponization of the criminal justice system."

What they're saying: “It is a crime to turn a profit by lying to donors, and in New York, you will be held accountable,” Manhattan District Attorney Alvin Bragg said in a statement.

• “As alleged, Stephen Bannon acted as the architect of a multi-million dollar scheme to defraud thousands of donors across the country — including hundreds of Manhattan residents," he added.

"There cannot be one set of rules for everyday people and another for the wealthy and powerful — we all must play by the same rules and must obey the law," said New York Attorney General Letitia James in a statement.

• "Mr. Bannon took advantage of his donors’ political views to secure millions of dollars which he then misappropriated."

• "We will continue to take on fraudulent behavior in every corner of society, including white collar criminals, because no one is above the law," James said.

The big picture: Earlier this summer, Bannon was convicted on two counts of contempt of Congress for failing to comply with a subpoena issued by the Jan. 6 select committee investigating the attack on the Capitol. His sentencing in the case is set for Oct. 21.

Editor's note: This article was corrected to note that Bannon faces six charges, not three.