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 Calk deserved a sentence of 51 months to 63 months in prison because he “corruptly abused” his position as chairman and chief executive of The Federal Savings Bank and caused the bank to make $16 million in unsound loans to Manafort in exchange for Manafort’s help gaining political power.
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