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Bank CEO Calk charged in scheme to win a job in Trump administration


Added 05-23-19 11:10:02am EST - “Federal prosecutors on Thursday unsealed criminal charges against Federal Saving...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Bank CEO Calk charged in scheme to win a job in Trump administration”. Below is an excerpt from the article.

WASHINGTON (Reuters) - Federal prosecutors on Thursday unsealed criminal charges against Federal Savings Bank CEO Stephen Calk accusing him of corruptly approving high-risk loans to 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 does not name Manafort directly, but his name repeatedly came up during Manafort’s financial fraud trial last year in Virginia in which prosecutors said Calk and Manafort engaged in a scheme to trade the loan approvals for an administration post. Manafort was convicted of bank and tax fraud.

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