Bank CEO charged in scheme to win job in Trump administration
Calk provided campaign manager Manafort with wish list of government positions in exchange for loan approvals
Washington/New York — Federal prosecutors on Thursday unsealed criminal charges against Federal Savings Bank CEO Stephen Calk accusing him of corruptly approving high-risk loans to US President Donald Trump’s former campaign chairman Paul Manafort in exchange for trying to secure a top job in the Trump administration. The indictment against Calk, issued in New York, does not name Manafort directly. But the bank executive’s name repeatedly came up during Manafort’s 2018 financial fraud trial in Virginia in which prosecutors said Calk and Manafort engaged in a scheme to exchange the $16m in loan approvals for an administration post. Calk provided Manafort with a ranked wish list of government jobs that he wanted, starting with treasury secretary and followed by other top jobs in the treasury, commerce and defence departments, prosecutors said. Federal Savings Bank is based in Chicago. Calk could not be immediately reached for comment. Manafort was one of the first people in Trump’s i...
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