Prosecutors Charge Bank Ex-CEO With Soliciting White House Position in Exchange for $16 Million in Loans

Prosecutors Charge Bank Ex-CEO With Soliciting White House Position in Exchange for $16 Million in Loans
Stephen Calk walks out of a Manhattan court house after posting bail on charges of bribing former Trump campaign chairman Paul Manafort in New York City on May 23, 2019. Spencer Platt/Getty Images
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Federal prosecutors in New York charged a former bank CEO on May 23 with soliciting a position in the White House in exchange for $16 million in loans to former Trump campaign chairman Paul Manafort.

The founder and former CEO of Federal Savings Bank of Chicago, Stephen Calk, issued millions in high-risk loans to Manafort and solicited a job in the incoming administration of President Donald Trump, prosecutors say.

Ivan Pentchoukov
Ivan Pentchoukov
Author
Ivan is the national editor of The Epoch Times. He has reported for The Epoch Times on a variety of topics since 2011.
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