Bannon, 71, entered a guilty plea to New York state charges in a Manhattan court in an agreement with prosecutors that spared him prison time.
He had been scheduled to go on trial in March, facing five felony counts of money laundering, conspiracy and other charges.
The right-wing ideologue pleaded guilty to a single state charge on Tuesday of involvement in a “scheme to defraud in the first degree” and was given a three-year conditional discharge, which does not involve jail time or restitution.
Speaking to reporters outside the court, Bannon lashed out at Bragg, who brought charges against Trump for paying hush money to a porn star, and New York Attorney General Letitia James.
Bannon urged the new US attorney general, Pam Bondi, to launch an “immediate criminal investigation” into James and Bragg.
Bannon served nearly four months in federal prison in Connecticut last year after being convicted of contempt of Congress.
Bannon served in the White House during Trump's first term as his chief strategist, but he left after seven months, reportedly due to conflicts with other top staffers.
Bannon is one of several Trump associates who have received jail time.
Others include former Trump legal fixer turned whistleblower Michael Cohen and the CFO of the Trump Organization, Allen Weisselberg.
Trump was also charged with conspiring to overturn the results of the 2020 election and with mishandling classified documents but the cases were dropped after he won November's presidential election.
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