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

bannon yacht arrest
Steve Bannon was arrested on board a yacht named the Lady May on Thursday. REUTERS/Nathan Layne/File Photo; Courtesy of EJ Greenspan; Taylor Nicole Rogers/Business Insider
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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.

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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.

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Steve Bannon. J. Scott Applewhite/AP Photo

Source: Business Insider, Business Insider

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.

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The Lady May. REUTERS/NBC New York

Source: Business Insider

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

Source: Ben Goldman/Twitter

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.

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The Lady May. REUTERS/NBC New York

Source: Business Insider, Washington Post

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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.

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The Lady May. REUTERS/NBC New York

Source: Business Insider

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