Chicago bank CEO indicted on accusation of bribing Manafort for administration job

Chicago bank CEO indicted on accusation of bribing Manafort for administration job

washingtonpost.com

Stephen Calk, former economic adviser to President Trump’s 2016 presidential campaign has been indicted for bribing. He has been indicted on Thursday for allegedly approving about $16 million in loans to Paul Manafort. He approved those loans in exchange for seeking a top post in the administration. Payl Manafort was the campaign chairman for Donald Trump.

Calk is the founder of mortgage lender Federal Savings Bank of Chicago. He used his position to curry out illegal favors to Manafort. According to the indictment unsealed in the Southern District of New York, he had lied to the regulators and ignored concerns raised by employees.

According to the indictment, he had rushed through the high-risk loans in return for a high-ranked administration job. He even gave a list to Manafort for the administrative jobs in which the treasury secretary was at the top of the list. The prosecutors say that he was interviewed for the job of undersecretary of the Army but he did not get the job.

The 54-year old had pleaded not guilty to these allegations in a Manhattan federal court on Thursday afternoon. He was released on a $5 million personal recognizance bond. The judge ordered him to give up his passport, firearms and not to talk to any potential witness in his case. He could face up to 30 years in jail if the bribery allegations are proved to be true. He is currently on leave of absence from Federal Savings Bank of Chicago.

His attorney has denied the allegations on his client and have called the charges as travesty. Paul Manafort was not named in the indictment but the description of the borrower in the court filing matches that of the former Trump campaign chairman.

Staff writer for the Chicago Morning Star

Related Posts
Judge rules that Trump ex-aide committed to perjury
U.S. District Court Judge Amy Berman Jackson has given a verdict that Donald Trump’s former
Lightfoot says Chicago is still “Welcoming City” for refugees
Lori Lightfoot, the mayor of Chicago, reaffirmed the status of Chicago as a “Welcoming City”
Trump becomes third president to be impeached by House
Donald Trump, the president of the United States of America, has been impeached by the
Trump tweets unexpected photo on Twitter, Trump as Rocky Balboa
Trump posted something completely different from his Twitter account with no caption. He is an
Trump issues pardon of three service members in war crime cases
Donald Trump, the Commander in Chief, has cleared three service members in war crime cases.
Trump administration plans to raise vaping age limit to 21
Trump administration will release a report over the vaping products next week. Donald Trump, the
Donald Trump renews threat to China
It seems that the uncertainty of a US-China will prolong as Trump says that they
Trump hits out at Boris Johnson’s Brexit deal
Donald Trump lashes out at Boris Johnson for his Brexit deal with the EU. Trump
Chicago under fire from Trump
Chicago thrashed by President Trump as he was speaking to a fawning audience of police
North Korea: US should act wisely
The relationship between North Korea and United States doesn’t seem to normalize as North Korea