Authorities said Calk committed the crime while serving as CEO of The Federal Savings Bank based in Chicago
A banker who prosecutors say tried to buy himself a senior post in President Donald Trump’s administration by making risky loans to former Trump campaign chairman Paul Manafort was arrested Thursday on a financial institution bribery charge. Stephen Calk, 54, was scheduled to appear in Manhattan federal court in the afternoon. A message was left with his attorney for comment.
Authorities said Calk committed the crime while serving as CEO of The Federal Savings Bank based in Chicago. Federal prosecutors described the charge in a release, saying Calk abused his bank position by approving $16 million in high risk loans that were ultimately downgraded.
William F. Sweeney Jr., head of New York’s FBI office, said Calk «went to great lengths to avoid banking violations in an attempt to secure a senior position in a presidential administration.»
«His attempt at petitioning for political favors was unsuccessful in more ways than one — he didn’t get the job he wanted, and he compromised the one he had,» Sweeney Jr.
