Chicago-based financier Stephen Calk indicted for alleged role in loan scheme with former Trump campaign chairman Paul Manafort, federal prosecutors announce.
Chicago-based financier Stephen Calk was indicted in New York on Thursday for his alleged role in a loan scheme with former Trump campaign chairman Paul Manafort, federal prosecutors announced.
According to prosecutors, Calk’s list of “perspective rolls [sic]” included which “Secretary of the Treasury and was followed by Deputy Secretary of the Treasury, Secretary of Commerce, and Secretary of Defense, as well as 19 ambassadorships similarly ranked and starting with the United Kingdom, France, Germany, and Italy,” court records show.
If found guilty, Calk could face up to three years in prison. An attorney for Calk told ABC News he expected to have a comment on the indictment later on Thursday. “Stephen M. Calk abused the power entrusted to him as the top official of a federally insured bank by approving millions of dollars in high-risk loans in an effort to secure a personal benefit,” Audrey Strauss, Deputy US Attorney for the Southern District of New York, said Thursday, “namely an appointment as Secretary of the Army or another similarly high-level position in the incoming presidential administration.
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