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Manafort Banker Convicted Of Bribery
Law360 (July 13, 2021, 11:50 AM EDT) Former Federal Savings Bank CEO Stephen Calk on Tuesday was convicted of financial institution bribery and conspiracy, over allegations that the banker sought to exchange $16 million in loans to Paul Manafort for his help in getting a job in the administration of former President Donald Trump.
Stephen Calk, shown here leaving federal court in May 2019, was convicted of conspiracy and financial institution bribery on Tuesday. (AP Photo/Mary Altaffer)
A jury in Manhattan federal court deliberated for roughly an hour and a half over two days before finding Calk guilty on both counts he faced.
Stocks close lower…More cases…Manafort banker convicted
NEW YORK (AP) Stocks closed lower on Wall Street Tuesday, bringing major indexes slightly below the record highs they set a day earlier. The S&P fell 0.4%. Investors were weighing the latest quarterly earnings reports from big U.S. companies and concerns about inflation. Inflation has been a lingering concern for the markets as investors try to gauge how the Federal Reserve will respond to it. The latest report from the Labor Department showed yet another increase in consumer prices in June that surprised economists. Banks, including Goldman Sachs and JPMorgan Chase helped kick off the latest round of corporate earnings reports, along with PepsiCo.
Lo que debes saber
Un jurado de Manhattan encontró culpable el martes a un banquero de Chicago de cargos criminales por permitir que Paul Manafort obtuviera $ 16 millones en préstamos antes de que el exgerente de campaña del expresidente Donald Trump lo ayudara a obtener una entrevista para un trabajo en la administración de Trump.
El jurado emitió su veredicto en un tribunal federal y señaló a Stephen Calk como culpable por cargos de conspiración y soborno a una institución financiera. Los abogados de Calk habían sostenido que su cliente no hizo nada ilegal en las semanas posteriores a que Trump ganara las elecciones presidenciales en noviembre de 2016.