Banker, Stephen Calk, never got any of the posts he sought in the Trump administration, including the Defense Minister, Army Secretary and State Secretary, according to the accusation, but due to Manafort's influence, Calk was interviewed for a senior role. And when Manafort defaulted on the loans, where the bank, like Calk, is the CEO, the Chicago-based Federal Savings Bank, suffered a multi-million dollar loss.
Manafort is not in accusation, but he matches the description of the "borrower" described in court papers described by prosecutors as chairman of a presidential campaign between June and August 2016, and his talks with Calk occurred last summer in Manafort's attempt in Virginia. . Calk is charged by a number of financial institution bribes.
Neither Calk nor a lawyer for Manafort responded promptly to requests for comments.
The Special Council office Robert Mueller and the US Attorney's Office for Southern District New York began investigating Calk's loan to Manafort more than a year ago.
The scheme described by prosecutors unfolded between July 201
Despite "significant red flags" in Manafort's financial history – including his previous loan default record – Calk Bank had issued the loans, believing that Manafort could use its influence with the presidential transition team to help Calk with achieve a leading position. "
Calk, 54, exerts exceptional influence on the lending process at Federal Savings because he is not only the managing director but also the majority holder of the holding company that owns the bank and sits on the credit committee that approves the type of loan given to Manafort
Manafort's debt became the largest at the bank and to lend the bank to issue the substantial loans without violating its legal limit for loans to a single borrower, the Calk holding company had acquired part of the loans from the bank.
Days after Calk and the committee approved the first loan, Manafort appointed Calk to the Economic Advisory Council, a prestigious panel affiliated with the Trump campaign, according to the accused at the end of 2016 after Trump had been elected and which Manafort sought another set loan, Calk bank made its decision to refuse to take out a restructured loan of $ 9.5 million and approve the full loan amount for Manafort. Before closing the loan, Calk requested a loan officer at the bank to call Manafort and ask whether Calk was considering a senior position, prosecutors said. The lender did not comply with Calk's request.
Days later, Calk Manafort sent his professional biography and an erroneous document entitled "Stephen M. Calk Perspective Rolls in [Presidential] Administration.docx", which indicated his desired positions, including 10 cabinets and other senior positions. Hours later, Calk asked Manafort if he was assisting in the transition. When Manafort replied that he was, Calk said, "Awesome."
Manafort recommended Calk to the Trump Transitional Committee for a post in the administration, accusing the charges. His efforts resulted in Calk receiving a formal interview to be under secretary of the army at the Transitional Committee headquarters on January 10, 2017, when he was interviewed by three representatives of the transition team, according to the accused. But he never got the job.
The Calk saga played out at Manafort's Virginia trial, where prosecutors withdrew witnesses to describe how Calk's bank dealt and provided the loans to Manafort. A senior vice president of the bank testified about Calk's role in pushing through the loans, and at one point Mueller prosecutor Greg Andres stated that Calk was a "fellow" with Manafort who "participated in the conspiracy to deceive the bank."
Kushner replied to Manafort, "on it!" but Calk was never offered a post after Trump's entry.
Calk had also identified 19 potential ambassadors, including plum tasks such as Italy, France and the United Kingdom, which Calk thought was appropriate because he "grew up in London", according to documents revealed during Manafort's lawsuit.
CNN's Marshall Cohen and Kara Scannell contributed to this report.