Federal prosecutors in New York unsealed a grand jury indictment on Thursday accusing former bank CEO Stephen Calk of helping Paul Manafort secure $16 million in loans in exchange for a senior position in the Trump administration.

According to prosecutors, Calk’s institution, The Federal Savings Bank of Chicago, “suffered a multi-million dollar loss” when Manafort, a former campaign chairman for , defaulted on the loans. 

Calk was never selected for an administration job. 

The banker “engaged in a corrupt scheme to exploit his position” between July 2016 and January 2017 in order to “secure a valuable personal benefit for himself,” the stated. 

Calk interviewed for the role of Under Secretary of the Army at the Trump

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