Former Trump Aide Bannon Had Ties to Harvey Weinstein - NBC 5 Dallas-Fort Worth

Former Trump Aide Bannon Had Ties to Harvey Weinstein

The connection highlights the breadth of a scandal that has tainted an array of leading Democrats, including Hillary Clinton and Barack Obama, who were friendly with Weinstein and accepted his campaign donations

    processing...

    NEWSLETTERS

    Harvey Weinstein's Biggest Political Contributions

    Harvey Weinstein, the Hollywood producer at the center of a sexual abuse scandal, has been a big political contributor in recent years. These are his largest contributions since 1997.

    (Published Wednesday, Oct. 11, 2017)

    The multiplying tentacles of the Harvey Weinstein sex abuse scandal have touched a former president, a former presidential candidate and now a former presidential adviser.

    Steve Bannon, the former Trump White House chief strategist and current head of Breitbart News, is the latest politico touched by the scandal. Bannon, whose website has hammered Democrats for accepting Weinstein's political donations, himself profited from a relationship with the movie mogul, in an ill-fated joint venture more than a decade ago.

    Bannon served as chairman of a small company that distributed DVDs and home videos, and went into business in 2005 with The Weinstein Co., led by Harvey Weinstein and his brother Bob. The Weinsteins became 70 percent owners of the now defunct venture, Genius Products.

    The connection highlights the breadth of a scandal that has tainted an array of leading Democrats, including Hillary Clinton and Barack Obama, who were friendly with Weinstein and accepted his campaign donations.

    Trump to GOP: Stop Wasting Time on Immigration

    [NATL] Trump to GOP: Stop Wasting Time on Immigration

    After repeatedly calling on Congress to solve the immigration problem, President Donald Trump now wants lawmakers to delay immigration reform until after the midterm elections in November. 

    (Published Friday, June 22, 2018)

    Clinton and Obama have both issued statements denouncing Weinstein's actions in the wake of The New York Times' reporting about his serial sexual assaults on women. Other leading Democrats, including Senate Minority Leader Chuck Schumer of New York and Sen. Elizabeth Warren of Massachusetts, have announced plans to donate his campaign contributions to charities.

    Bannon was not immediately available to comment, according to a spokeswoman.

    The ties to Weinstein open Bannon up to charges of hypocrisy given Breitbart's intense focus on the scandal and its political fallout. In recent days the site has featured a blog with live updates on the story; headlines calling out Obama, Clinton and top Democrats for their ties to the producer; and stories attacking other news outlets for failing to cover the scandal with the same ferocity as Breitbart.

    The connection between Bannon and Weinstein began more than a decade ago when Bannon, who had been a Goldman Sachs banker, was dabbling in Hollywood investments. Transcripts of investor conference calls at the time show Bannon enthusing about the business opportunities with the Weinsteins.

    "We are extremely honored to be in business with the new Weinstein Company," Bannon told investors in one such call, declaring that "the Weinsteins have the most impressive track record in the film industry" and that "Bob and Harvey are two of the most prolific studio heads in the history of Hollywood."

    Ultimately, Genius Products ended up in bankruptcy in 2011, but not before Bannon reported substantial revenues from the venture. His company Bannon Strategic Advisers had a consulting agreement worth $500,000 with Genius Products in 2006, and he was awarded bonuses of more than $200,000, according to SEC filings. Bannon also was awarded stock options in 2005 that were valued at well over $1 million at the time.

    States to Collect Online Sales Tax

    [NATL] States to Collect Online Sales Tax
    The Supreme Court ruled Thursday that states can now require online businesses to collect sales tax, even if that business doesn't have a physical footprint there. The new ruling reverses a previous decision dating back to the days when shoppers flipped through catalogs instead of swiping through computer screens. 
     
    One government estimate says states stand to reap up to $13 billion in new revenue
    (Published Friday, June 22, 2018)

    Weinstein has been fired as co-chairman from The Weinstein Co. The company's board of directors has strongly denied that it knew about Weinstein's behavior, which allegedly stretched back decades.