Banker Accused of Bribing Paul Manafort to Win Trump Administration Post

May 24, 2019

An associate of Donald Trump’s former campaign chair Paul Manafort was indicted Thursday on bribery charges. New York City prosecutors say Stephen Calk, the former chair and CEO of Federal Savings Bank in Chicago, approved $16 million in high-risk loans to Manafort in an effort to win a senior position in the Trump administration. Prosecutors say that after receiving the loans, Manafort made at least two calls to Trump’s transition team in late 2016 asking for Calk to be appointed secretary of the Army. Calk faces up to 30 years in prison; he pleaded not guilty at an arraignment in a Manhattan court on Thursday.

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