Jury Finds Bank CEO Guilty Of Giving Manafort $ 16 Million In Trump Loan Employment Program – NBC10 Philadelphia

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What there is to know

  • A Manhattan jury convicted a Chicago banker on Tuesday for allowing Paul Manafort to get $ 16 million in loans before ex-President Donald Trump’s former campaign manager helped him get an interview for a position in the Trump administration.
  • The jury returned their verdict in federal court, convicting Stephen Calk of financial institution bribery and conspiracy. Calk’s lawyers had maintained that their client had done nothing illegal in the weeks following Trump’s victory in the November 2016 presidential election.
  • But prosecutors said Calk paved the way for Manafort to receive loans he was not entitled to in the hope that Calk could secure a high-level job with the Trump administration. Although Calk eventually got an interview at Trump Tower, he was not hired.

A Manhattan jury convicted a Chicago banker on Tuesday for allowing Paul Manafort to get $ 16 million in loans before ex-President Donald Trump’s former campaign manager helped him get an interview for a position in the Trump administration.

The jury returned its verdict in federal court, convicting Stephen Calk of financial institution bribery and conspiracy. Calk’s lawyers had maintained that their client had done nothing illegal in the weeks following Trump’s victory in the November 2016 presidential election.

But prosecutors said Calk paved the way for Manafort to receive loans he was not entitled to in the hope that Calk could secure a high-level job with the Trump administration. Although Calk eventually got an interview at Trump Tower, he was not hired.

Calk, 56, was convicted of one count of financial institution bribery, punishable by up to 30 years in prison, and one count of conspiring to commit financial institution bribery, punishable by a maximum penalty of 5 years in prison.

Sentencing was set for Jan. 10 for Calk, who was the former managing director of the Federal Savings Bank.

During the trial, Anthony Scaramucci said he would never have allowed Calk to get the interview for the administrative post had he known Calk was helping Manafort get millions of dollars in loans for his real estate projects. .

Scaramucci had testified that Manafort, who served as Trump’s campaign manager for a key period from June to early August 2016, contacted him in mid-December 2016 to encourage him to consider Calk for an important position.

At the time, Scaramucci was working on Trump’s presidential transition team.

Although Calk had hoped to become Secretary of the Army, he eventually interviewed for other positions when it became clear that he could not get that position, according to accounts.


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