Bank CEO charged in Manafort bribery scheme designed to get Trump post


  • World
  • Thursday, 23 May 2019

FILE PHOTO: Former Trump campaign chairman Paul Manafort departs a motions hearing in the indictment filed against him by Special Counsel Robert Mueller, at U.S. District Court in Washington, U.S., April 4, 2018. REUTERS/Al Drago/File Photo

(Reuters) - The head of a Chicago-based bank was charged in an indictment unsealed on Thursday with bribery and accused of approving $16 million in high-risk loans to President Donald Trump's former campaign chairman Paul Manafort in a scheme to land a top Trump administration post such as secretary of the U.S. Army.

Stephen Calk, who was chairman and CEO of Federal Savings Bank though is now on a leave of absence, was charged by federal prosecutors in New York with one count of financial institution bribery, which carries a maximum prison term of 30 years.

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