A Chicago banker who approved $16 million in loans to Paul Manafort in exchange for a post in the Trump administration was indicted on a bribery charge Thursday.
Stephen Calk, president and CEO of Federal Savings Bank, surrendered to the FBI Thursday morning. He is scheduled to appear later in the day before a federal judge in New York.
Mr. Calk, 54, was appointed as an economic adviser to then-candidate Trump’s campaign in the summer of 2016 after his bank approved a $5.4 million loan to Manafort, federal prosecutors said.
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