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Trial begins for Chicago banker who traded loans with Manafort for Trump job

The lawsuit began against a Chicago bank owner who, prosecutors say, exchanged $ 16 million in loans with former President TrumpDonald Trump Biden and the Border Patrol: So good to have the “adults” in charge Lawmakers ask the Air Force to “pause all action” on the movement of Space Command. job? FOLLOWING2016 campaign manager Paul ManafortPaul John ManafortDOJ Investigates Former Trump Campaign Advisor Over Alleged Qatar Ties: Report Foreign Lobbyists Donate To M In 2020 Election: Report Former Prosecutor Mueller Representing Donoghue In Congressional Investigations: Report MORE in an attempt to buy a role in the Trump administration.

Stephen Calk, the former chief executive of the Federal Savings Bank, was on trial on Wednesday as U.S. Deputy Attorney Alexandra Rothman detailed Calk’s deals with Manafort, the former head of Trump’s presidential campaign in 2016, with the aim of obtaining a position in the administration, The Associated Press reported.

“It is a matter of greed, but not greed for money. Greed for power, prestige, importance, ”said Rothman.

Calk was accused in 2019 with a corrupt financial institution chief for allegedly granting risky loans to Manafort in exchange for a job in the Trump administration. Calk could face a maximum of 30 years in prison if convicted.

Prosecutors said Calk messaged Manafort after it was clear Trump would win in 2016, saying a $ 9.5 million building construction loan that had been blocked would be ‘closed the next day’ , AP reported.

Rothman said weeks later Calk was floating another $ 6.5 million loan to Manafort while being interviewed at Trump Tower following election for a post in the administration.

Calk was seeking a position as secretary of the military or head of the Treasury, Commerce or Defense departments, according to Rothman. Calk was not ultimately chosen for any of these jobs.

Calk’s attorney, Paul Schoeman, argued that Calk believed he had done nothing wrong and believed he was only getting “great loans for his bank.”

Although the loans were risky, Schoeman argued that Calk received false documents indicating that Manafort was much richer than he actually was, leading him to believe the loans were good for the bank.

“Donald Trump’s name will come up during this trial. Some people like it. Some people don’t. But don’t let him influence you in this case, ”said Schoeman. “Sir. Calk did not commit a crime. He did not make a corrupt deal. He is not guilty of these charges.

In total, Calk made $ 16 million in loans to Manafort, who was later ousted by the Trump campaign because of his ties to Ukraine. Manafort was sentenced to seven years in prison for his political work in Ukraine. Trump finally pardoned Manafort less than a month before stepping down.