While the loans were pending approval, Calk allegedly provided Manafort with a ranked list of positions he desired. At its head were the two top positions at the U.S. Treasury, followed by secretary of Commerce, and secretary of Defense.
Tom Winter, Joe Valiquette and Adiel Kaplan
Calk approved millions in"high-risk loans in an effort to secure a personal benefit, namely to an appointment as Secretary of the Army, or another similar high-level position in the incoming presidential administration," Deputy U.S. Attorney Audrey Strauss of the Southern District of New York said.whether Manafort, the former Trump campaign chair, promised Calk a job in the White House in return for the $16 million in home loans, NBC News first reported in February 2018.
The loans raised red flags at the bank in part because of Manafort's history of defaulting on prior loans, and because the size made Manafort's debt the single largest lending relationship at the bank, according to prosecutors. Calk was required to authorize an unusual lending scheme to avoid passing the lending cap to a single borrower.
According to the indictment, Manafort and his son-in-law, Jeffrey Yohai, approached the bank in an effort to refinance loans tied to a construction project in Los Angeles.
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