Stephen Calk, founder and chief executive officer of Chicago Bancorp. Photo: Andrew Harrer/Bloomberg
Federal authorities in Manhattan say the bank CEO attempted to extend $16 million in loans to Manafort in exchange for help securing a high-profile spot in the new administration.
May 23, 2019 at 11:02 AM
1 minute read
The original version of this story was published on New York Law Journal
Stephen Calk, the CEO of Federal Savings Bank of Chicago and a economic adviser to Donald Trump during his 2016 presidential campaign, was charged with institutional bribery by federal authorities in Manhattan on Thursday, for allegedly extending $16 million in loans to former Trump campaign chairman Paul Manafort.
In exchange for the loans, Calk allegedly asked Manafort for assistance securing a high-ranking position, such as secretary of the Army, in the new administration.
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