Prosecutors want 4 years for convicted Chicago banker

KIFI

Published December 22, 2021 4:36 PM

By LARRY NEUMEISTER
Associated Press

NEW YORK (AP) — Prosecutors say a Chicago banker should spend at least four years in prison after he was convicted of delivering $16 million in loans to Paul Manafort in a bid for power in the administration of ex-President Donald Trump. Stephen Calk is set to be sentenced Feb. 7 for his conviction in July on financial institution bribery and conspiracy charges in Manhattan federal court. Calk’s lawyers in a sentencing submission in early December argued for a noncustodial sentence for Calk, saying he has led a “thoroughly decent and law-abiding life.” But prosecutors said he corruptly abused his positions as chairman and chief executive of a federally-insured bank.

Article Topic Follows: AP National Business

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