May 23, 2019 / 2:16 PM / 3 months ago

Bank CEO Calk charged in scheme to win a job in Trump administration

WASHINGTON, May 23 (Reuters) - Federal prosecutors on Thursday unsealed criminal charges against Federal Savings Bank CEO Stephen Calk accusing him of corruptly approving high-risk loans to President Donald Trump’s former campaign chairman Paul Manafort in exchange for trying to secure a top job in the Trump administration.

The indictment against Calk does not name Manafort directly, but his name repeatedly came up during Manafort’s financial fraud trial last year in Virginia in which prosecutors said Calk and Manafort engaged in a scheme to trade the loan approvals for an administration post. Manafort was convicted of bank and tax fraud. (Reporting by Sarah N. Lynch; Editing by Will Dunham)

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