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Chicago banker convicted in loans-for-Trump job scheme

Stephen Calk
On this Might 23, 2019, file picture, Chicago banker Stephen Calk, heart, leaves Federal court docket , in New York together with his legal professional Jeremy Margolis, left. A Manhattan jury on Tuesday, July 13, 2021, convicted Calk of felony expenses for enabling Paul Manafort to get $16 million in loans earlier than the previous marketing campaign supervisor for ex-President Donald Trump helped him get an interview for a job within the Trump administration. (AP Photograph/Mary Altaffer, File)

NEW YORK (AP) — A Manhattan jury on Tuesday convicted a Chicago banker of felony expenses for enabling Paul Manafort to get $16 million in loans earlier than the previous marketing campaign supervisor for ex-President Donald Trump helped him get an interview for a job within the Trump administration.

The jury returned its verdict in federal court docket, convicting Stephen Calk of economic establishment bribery and conspiracy expenses. Calk’s attorneys had maintained their consumer did nothing unlawful within the weeks after Trump received the presidential election in November 2016.

However prosecutors stated Calk cleared the trail for Manafort to obtain loans he was not entitled to within the hopes that Calk may safe a high-level publish with the Trump administration. Though Calk ultimately acquired an interview at Trump Tower, he was not employed.

Sentencing was set for Jan. 10 for Calk, who was the previous chief govt of The Federal Financial savings Financial institution.

Throughout the trial, Anthony Scaramucci testified that he by no means would have enabled Calk to get the interview for the administration publish if he had know that Calk was serving to Manafort to get thousands and thousands of {dollars} in loans for his actual property ventures.

Scaramucci had testified that Manafort, who served as Trump’s marketing campaign supervisor for a key stretch from June to early August 2016, reached out to him in mid-to-late December 2016 to encourage him to contemplate Calk for an necessary place.

On the time, Scaramucci was engaged on Trump’s presidential transition staff.

Though Calk had hoped to grow to be Secretary of the Military, he ultimately interviewed for different positions when it turned clear he couldn’t safe that place, testimony confirmed.

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https://www.marketbeat.com/articles/chicago-banker-convicted-in-loans-for-trump-job-scheme-2021-07-13/?utm_source=AppleNews&utm_medium=AppleNews&utm_campaign=AppleNews

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