Tuesday, 22 October, 2019

Feds Probe If Manafort Promised Banker WH Job for Loans

Feds Probe If Manafort Promised Banker WH Job for Loans Feds Probe If Manafort Promised Banker WH Job for Loans
Patty Aguilar | 22 February, 2018, 03:29

The feds are turning up the heat on President Trump's ex-campaign manager Paul Manafort by exploring whether he got $16 million in home mortgage loans after promising a Chicago banker a White House job, a new report said Wednesday.

"The Federal Savings Bank is aware of recent press reports attributed to unnamed "sources" implying that Paul Manafort obtained loans in exchange for a promise of a position in the Trump Administration", the spokeswoman said in a email to American Banker. No federal charges files thus far against Manafort have been related to his time working on the Trump campaign.

Mueller was appointed a year ago to investigate Russian interference in the 2016 presidential election, as well as possible collusion by the Trump campaign with Russians.

CNBC has reached out to the Calk's bank for comment.

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Trump appointed Calk to his council of economic advisers in August 2016, but the banker never got a coveted Cabinet position. According to newly filed court documents, the former top Trump operative secured loans "through a series of false and fraudulent representations".

According to an NBC report out Wednesday, that's what federal investigators are trying to figure out.

Former Trump campaign chief Paul Manafort speaks to reporters with deputy Rick Gates (L) in 2016.Matt Rourke/AP These new charges would be tacked on to the existing charges against him and his business partner Rick Gates that Mueller initially filed previous year. The indictment contained a total of 12 criminal counts, including money laundering and conspiracy against the United States. Prosecutors have fired back at Manafort's claims that three of his homes are free-and-clear of mortgages-and be allowed as collateral for the $10 million bond that has landed the political consultant under home confinement. The firms he had been using in this campaign had not completed the proper filings to indicate they were acting on behalf of foreign governments.

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