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Manafort’s Banker Was ‘Greedy’ for Power, U.S. Prosecutor Says

June 23, 2021 by Marita Overfelt

The government claims Calk used the loans to Manafort as a bribe for help in landing a spot as an adviser on Donald Trump’s presidential campaign and, later, for a top job in the Trump administration. Calk told Manafort he would be interested in one of a number of senior government jobs, including Secretary of the Treasury, Commerce or Defense. He also said he’d be interested in an ambassadorship to one of 19 countries, led by the U.K. and France.

Calk, the founder and longtime chief executive of Federal Savings Bank, failed to win a post in the Trump administration. He did get an interview, at Trump Tower, for the job of undersecretary of the Army with Manafort’s backing, but wasn’t selected.

Calk’s lawyer, Paul Schoeman, blamed Manafort for lying to the bank about his finances, to make it more likely he would get the money. And he said a salesman who brokered the loan cast Manafort in a positive light, hoping for a commission on the deal.

“This is not a sweetheart deal,” Schoeman said. “He loved these loans. He thought they were good for his bank based on what he was told and what he knew.”

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Schoeman told jurors that Trump’s name will come up frequently during the trial.

“Some people like him, some people don’t,” he said. “Don’t let that influence you in this case.”

Among the witnesses set to testify against Calk are Anthony Scaramucci, the Skybridge Capital founder who spent 11 days as White House communications director, before being fired after making a profanity-laced phone call trashing others in the White House to a reporter for The New Yorker. Scaramucci is expected to testify about Manafort’s efforts to promote Calk.

The case is U.S. v. Calk, 19-cr-00366, U.S. District Court, Southern District of New York (Manhattan).

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Originally Appeared Here

Filed Under: BUSINESS

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