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The banker, Stephen Calk, president of the Federal Savings Bank, was announced as a member of candidate Trump’s Council of Economic Advisers in August 2016. Special counsel Robert Mueller’s team is now investigating whether there was a quid pro quo agreement between Manafort and Calk.
Stephen Calk, who faces a bribery charge over his bank’s loans to President Trump’s onetime campaign chair, has been banned from the industry.The
Calk, 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, May 23, 2019, on a financial institution bribery charge.
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CHICAGO – Stephen Calk, the founder and CEO of Federal Savings Bank of Chicago, has been charged with financial institution bribery for allegedly issuing $16 million in high-risk loans to former Trump campaign chairman Paul Manafort in exchange for help getting a position within the Trump administration.
Federal Savings Bank and Paul Manafort. The bank had 842 full-time workers as of the end of March. Steve Calk has said about 10 percent of the bank’s employees are veterans like him. Federal Savings has three branches or loan production offices in Illinois: at its headquarters and in Lake Forest and Naperville,
so he didn’t even need to promise it to gain votes. But here we are and here I am. A further surprise has been to find myself the only vice-chancellor to say publicly what at least a few actually.
Chicago-based Federal Savings Bank wouldn’t comment Tuesday on a report that New York prosecutors have subpoenaed records related to $16 million in loans the institution made to former Donald Trump campaign manager paul manafort.. chief executive, Steve Calk, was an economic adviser to Trump’s presidential campaign.