The former CEO of a bank has been charged with allegedly approving millions of dollars in loans for former Trump campaign chairman Paul Manafort Paul John ManafortHouse Democrat 'fixed' Trump's infographic about Mueller's investigation Michael Caputo eyes congressional bid Roger Stone is suing to discover if he was spied on by FBI MORE in exchange for getting a position in the Trump administration.
Federal prosecutors in New York on Thursday unveiled against Stephen Calk, a Chicago bank and founder of Federal Savings Bank, which approved $ 1
"As alleged, Stephen M. Calk abused the power entrusted to him as the top official of a federally insured bank by approving millions of dollars in high-risk loans. in an effort to secure a personal benefit, namely an appointment as Secretary of the Army or another similarly high-level position in the incoming presidential administration, "a U.S. Pat. Attorney Audrey Strauss said in a statement.
"Calk's alleged attempt to obtain such an appointment was unsuccessful, and the loans were ultimately downgraded by the bank's primary regulator. ]Calk's allegedly corrupt scheme has now resulted in a federal criminal charge. ”
Robert Mueller Robert (Bob) Swan MuellerHouse progressive: Pelosi 'has it right' on impeachment Democrats talk subpoena for Mueller Democratic Rep. Ro Khanna: 'I'm not there yet on impeachment MORE ' s sprawling investigation into the Trump campaign and Russian interference in the 2016 presidential election. Calk's former bank has an office in New York Calk faces one count of financial institution for allegedly issuing the high-risk loans to Manafort in exchange for a Trump administration job, which he did not end up getting. In late November 2016, Trump's electoral win and days after the bank closed on a $ 9.5 million loan for Manafort and was a request for $ 6.5 million more, Calk allegedly emailed Manafort about his interest in a job.
The banker sent him a document titled "Stephen M. Calk Perspective Rolls [sic] in the [Presidential] Administration.docx," with secretary of the Army "list as the first choice," the indictment released Thursday states
Calk interviewed for the Under Secretary of the Army position in early January 2017, weeks before Trump entered office, by three representatives of the presidential transition team in Manhattan. He was not ultimately selected.
The indictment does not directly mention Manafort by name, but notes that from June 2016 through August 2016 the borrower "served as chairman of the Presidential Campaign."
Calk is expected to appear before judge later Thursday.