|
Stephen Calk, 57, former chairman and chief executive of Federal
Savings Bank, was convicted in July of bribery and conspiracy
after prosecutors accused him of helping greenlight $16 million
in unsound loans to Paul Manafort, former campaign manager for
then President Donald Trump.
Calk's prison sentence is to be followed by two years of
supervised release, including 800 hours of community service. He
was also sentenced to pay $1.25 million dollars in fines.
"It is important that we as a society not tolerate corruption
and secret handshake deals," said U.S. District Judge Lorna
Schofield.
Calk will remain free on bail pending his appeal.
Prosecutors said Manafort recommended to Trump's post-election
transition team that Calk be appointed Army secretary, the
service's top civilian job.
Calk, who served in the Army reserves for 16 years, interviewed
in January 2017 for a job as under secretary of the Army but
never joined the administration.
Prosecutors had sought a sentence of between 51 and 63 months in
prison to deter others. Calk's attorneys had asked for no prison
time, saying he had lived an otherwise law-abiding life and was
not motivated by greed.
Manafort was convicted of tax evasion and bank fraud in 2018 and
sentenced to 7-1/2 years in prison, but was later released to
home confinement. Trump pardoned Manafort in December 2020.
(Reporting by Jody Godoy; Editing by Noeleen Walder and David
Gregorio)
[© 2022 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
