Banker Stephen Calk, Who Arranged Loan For Paul Manafort, Found Guilty In Bribery Scheme
Stephen Calk, a Chicago banker who approved loans of $16 million for ex-Trump campaign chair Paul Manafort, was convicted Tuesday on bribery charges.
Calk was found guilty on two felony counts after a trial that lasted three weeks in federal court, according to the statement that the U.S. Attorney’s Office released.
The jury has found out that Calk granted $16 million of unsafe loans to Paul Manafort in return for a position in the Trump administration.
U.S. Attorney Audrey Strauss praised the jury’s verdict and claimed that this could restrain the further wrongdoings of other bankers.
“Calk used the federally-insured bank he ran as his personal piggy bank to try and buy himself prestige and power,” 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.”