The Wall Street Journal reports:
A federal jury in Manhattan convicted a former bank executive on charges that he helped arrange $16 million in loans to former Trump campaign chairman Paul Manafort, in exchange for help getting a high-level job in the Trump administration.
Stephen M. Calk, the founder and former chairman of the Federal Savings Bank in Chicago, was found guilty on both counts he faced: financial-institution bribery and conspiracy to commit financial-institution bribery.
Federal prosecutors said Mr. Calk pushed the bank to approve the loans to Mr. Manafort, despite multiple red flags, because he hoped to be named secretary of the Army.
Read the full article.
A federal jury convicted a former bank executive on charges that he helped arrange $16 million in loans to Paul Manafort, in exchange for help getting a job in the Trump administration https://t.co/kH06cye169
— Anthony DeRosa 🗽 (@Anthony) July 13, 2021