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Bank CEO Charged With Trying To Bribe His Way Into Trump Administration Role


Added 05-23-19 11:16:02am EST - “A bank CEO has been charged with trying to bribe his way into a position in the Trump administration by giving millions of dollars in loans to Paul Manafort.” - Dailycaller.com

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Posted By TheNewsCommenter: From Dailycaller.com: “Bank CEO Charged With Trying To Bribe His Way Into Trump Administration Role”. Below is an excerpt from the article.

The CEO of an Illinois bank has been charged with trying to bribe his way into a position in the Trump administration by giving millions of dollars in loans to Paul Manafort, the former Trump campaign chairman.

Stephen Calk, the CEO of Federal Savings Bank of Chicago, approved $16 million dollars in loans to Manafort, according to an indictment handed down Thursday.

Manafort has been convicted and sentenced to prison for various crimes related to consulting work he did in Ukraine.

Prosecutors say that from July 2016 to January 2017, Calk pushed through the loans knowing that Manafort had a spotty financial history and that he planned to use proceeds from the loan to pay off properties he had that were in foreclosure. (RELATED: Paul Manafort Found Guilty On Eight Counts Of Bank And Tax Fraud)

“In approving these loans to the Borrower, CALK was aware of significant red flags regarding the Borrower’s ability to repay the loans, such as his history of defaulting on prior loans,” prosecutors said.

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