Trial begins for Chicago banker who exchanged loans with Manafort for Trump job
Source: The Hill
The trial has begun for a Chicago bank owner who prosecutors said exchanged $16 million in loans with former President Trump's 2016 campaign manager Paul Manafort in an effort to buy a role in the Trump administration.
Stephen Calk, the former chief executive of The Federal Savings Bank, stood trial on Wednesday as Assistant U.S. Attorney Alexandra Rothman detailed Calk's deals with Manafort, the former head Trump's 2016 presidential campaign, in an effort to get a position in the administration, The Associated Press reported.
"This is a case about greed, but not greed for money. Greed for power, for prestige, for importance," Rothman said.
Calk was charged in 2019 with one count of financial institution bribery for allegedly giving Manafort risky loans in exchange for a job in the Trump administration. Calk could face a maximum of 30 years in prison if found guilty.
Read more: https://www.msn.com/en-us/news/politics/trial-begins-for-chicago-banker-who-exchanged-loans-with-manafort-for-trump-job/ar-AALmLTq?li=BBnb7Kz
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and what happened to him.
