New Report Suggests Manafort Offered Banker WH Job In Exchange For $16M Loan
According to a new report published by ABC News, federal investigators are probing whether former Trump campaign chair Paul Manafort promised a Chicago banker a job in the Trump White House in return for $16 million in home loans.
Citing two people with direct knowledge of the matter, NBC News reported that Manafort received three separate loans in December 2016 and January 2017 from Federal Savings Bank for homes in New York City, Virginia and the Hamptons.
Now, special counsel Robert Mueller’s team is investigating whether there was a quid pro quo in place between Manafort, who left the Trump campaign in August of 2016, and Stephen Calk, president of Federal Savings Bank, who joined Trump’s Council of Economic Advisers that same month.
The sources told NBC that the three loans were questioned by other officials at the bank, and one source said that at least one of the bank employees who felt pressured into approving the deals is cooperating with investigators.
In court filings Friday related to Manafort’s bail, federal prosecutors said they have “substantial evidence” that a loan made from the bank to Manafort using the Virginia and Hamptons properties as collateral was secured through false representations made by Manafort, including misstatements of income.
The White House did not immediately respond to a request for comment and Mueller’s office declined to comment.