for attempting to bribe former Trump campaign chairman Paul Manafort in exchange for a top administration position. The indictment is yet another consequence of the Mueller investigation, which has already resulted in 34 indictments and jail time for individuals close to Trump’s campaign.
Stephen Calk, chairman of the Federal Savings Bank in Chicago, issued $16 million in high-risk loans to Manafort in an attempt to secure a position in the Trump administration, such as Treasury Secretary. The case was originally opened by prosecutors in Manhattan, but was passed off to Robert Mueller during his investigation into Trump campaign collusion with Russia, according to the, citing people familiar with the matter. The case was later returned to Manhattan for prosecution.
Calk did not get the position, and when Manafort defaulted on the loans, his bank lost millions, according to the indictment.Manafort’s history: Manafort has a track record of orchestrating corrupt schemes resulting in financial crimes. He is currently serving a seven-and-a-half-year prison sentence after he was convicted of ten felonies, including bank and tax fraud, money laundering and obstruction of justice.
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