CEO Calk Conspired with Managort to Defraud His Own Bank: Prosecutors

August 14, 2018

American Banker, Aug. 13, 2018--Kevin Wack (subscription)
Prosecutors have previously argued that Calk's bank approved $16 million in mortgage loans to Manafort because of Calk's own political ambition. But the comments during Friday's court proceedings were the government's most forceful public statements to date about Calk's role in the alleged fraud.

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