(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.