Federal Savings Bank CEO Indicted For Approving Manafort Mortgages

Federal Savings Bank CEO Indicted For Approving Manafort Mortgages In Attempt To Get Job With Trump White House

Federal Savings Bank
Federal Savings Bank of Chicago CEO Stephen Calk was indicted for approving $16 million in mortgage loans for Paul Manafort. Manafort allegedly offered to help Calk landing a senior post with the Trump White House.
The DOJ claims Calk used his position to issue millions in high-risk loans in a quid-pro-quo deal.
In 2017, the Federal Savings Bank lent Manafort millions of dollars. Robert Mueller was said to be looking into the loan as part of Russia collusion investigation
The DOJ alleges Manafort approached Calk in late 2016 looking to borrow millions of dollars. Manafort was facing foreclosure proceedings on multiple properties.

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