DrLove
Diamond Member
Normal folk would see a pattern here, but it will be labeled as more fact-free victimhood. Sad ![Frown :( :(](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
www.nbcnews.com
A former Chicago bank executive was convicted Tuesday in a scheme to arrange $16 million in loans for former Trump campaign chairman Paul Manafort in exchange for a high-level position in the Trump administration.
Stephen Calk, the former CEO of The Federal Savings Bank, was found guilty of financial institution bribery and conspiracy to commit financial institution bribery after a three-week trial in Manhattan.
“Calk used the federally-insured bank he ran as his personal piggybank to try and buy himself prestige and power,” Manhattan U.S. Attorney Audrey Strauss said in a statement. “Today’s verdict sends the message that corruption at the highest levels of federally regulated financial institutions will be prosecuted by this office.”
Calk’s lawyer, Paul Schoeman, did not immediately respond to a request for comment.
In a scheme that stretched from July 2016 to January 2017, Calk worked to approve multiple high-risk loans for Manafort, who urgently needed them to avoid foreclosure on several properties.
![www.nbcnews.com](https://media-cldnry.s-nbcnews.com/image/upload/t_nbcnews-fp-1200-630,f_auto,q_auto:best/newscms/2021_28/3490831/210713-stephen-calk-se-248p.jpg)
Banker convicted of bribery for plot to land Trump administration job
Stephen Calk used the federally insured bank he ran "as his personal piggybank to try and buy himself prestige and power,” Manhattan U.S. Attorney Audrey Strauss said.
![www.nbcnews.com](https://nodeassets.nbcnews.com/cdnassets/projects/ramen/favicon/nbcnews/all-other-sizes-PNG.ico/favicon-16x16.png)