Bank CEO Stephen Calk has been charged with financial institution bribery for the $16 million in loans he extended former Trump campaign chairman Paul Manafort in late 2016 and early 2017, allegedly in the hope that Manafort would secure him a position in Trump’s cabinet.
The indictment, filed in the Southern District of New York and unsealed Thursday, accused Calk of misleading his bank’s primary regulator, including by claiming he never desired a position in the Trump administration.
Many of the details in Thursday’s indictment were made public in Manafort’s financial crimes trial in Virginia over the summer. However, the indictment revealed …read more
Source: TPM
