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Banker Who Sought Trump Cabinet Post Convicted of Bribery

  • Stephen Calk approved $16 million in loans to Paul Manafort
  • Manafort set Calk up with an interview for Army undersecretary
Stephen Calk exits federal court in New York in 2019.
Stephen Calk exits federal court in New York in 2019.Photographer: Jeenah Moon/Bloomberg
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A Chicago banker was convicted of federal charges that he sought to trade $16 million in bank loans to former Trump campaign chief Paul Manafort for the chance at a top administration post.

Stephen Calk was found guilty on Tuesday of financial institution bribery and conspiracy over the 2016 and 2017 loans. The founder and longtime chief executive of Federal Savings Bank had hoped that then-President Donald Trump would name him to one of a raft of powerful government posts, including treasury secretary, defense secretary or ambassador to France or the U.K.