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Bank CEO Charged in Scheme to Win Job in Trump Administration

Federal prosecutors on Thursday unsealed criminal charges against Federal Savings Bank CEO Stephen Calk, accusing him of corruptly approving high-risk loans to U.S. President Donald Trump's former campaign chairman Paul Manafort in exchange for trying to secure a top job in the Trump administration. The indictment against Calk, issued in New York, does not name Manafort directly. But the bank executive's name repeatedly came up during Manafort's 2018 financial fraud trial in...

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