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Bank CEO charged with trying to trade loans for Trump post


Added 05-23-19 11:22:02am EST - “Federal prosecutors have charged a banker with trying to buy himself a role in President Donald Trump's administration by making risky loans to former Trump campaign chairman Paul Manafort.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Bank CEO charged with trying to trade loans for Trump post”. Below is an excerpt from the article.

NEW YORK (AP) - Federal prosecutors have charged a banker with trying to buy himself a role in President Donald Trump’s administration by making risky loans to former Trump campaign chairman Paul Manafort.

Authorities said Calk committed the crime while serving as CEO of The Federal Savings Bank in Chicago.

Federal prosecutors described the charge in a release, saying Calk abused his bank position by approving millions of dollars in high risk loans that were ultimately downgraded.

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