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Sept 24, 2013

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Banker Calk Waives Conflict of Lawyer Working With Rep Nadler Probe of Trump

By Matthew Russell Lee, Exclusive Patreon
BBC - Decrypt - LightRead - Honduras - Source

SDNY COURTHOUSE, Jan 9 – Stephen M. Calk was indicted in May 2019 for using The Federal Savings Bank which he headed to try to get a position with the Trump administration, including by making loans to Paul Manafort.  

 On January 9 without notice Calk appeared in U.S. District Court for the Southern District of New York Magistrates Court to answer questions about his lawyers' alleged conflicts of interest. Inner City Press has covered the issue and was the only media there. More on Patreon here.

Calk was asked about his law firm Kramer Levin having a partner, Barry Berke, who was selected by Rep. Jerrold Nadler to work on the House Judiciary Committee's oversight investigation into the Trump administration.

   Calk said that he understood and waved the conflict, and a separate conflict in which his lawyers at Loeb & Loeb have also represented The Federal Savings Bank and its holding company.

   Inner City Press has been covering this case since the beginning, including asking the federal banking regulators now intent on weakening the Community Reinvestment Act about The Federal Savings Bank's under-performance under that Act, including under the Freedom of Information Act which the OCC's Joseph Otting is also intent on undermining. 

  In terms of public transparency and accountability, Inner City Press is troubled by SDNY Judge Lorna G. Schofield's recent order allowing Calk and the SDNY prosecutors joint request to redact or seal much of the information in this case. There was no notice to the public or Press. Inner City Press will have more on this. More on Patreon here. The case is US v. Calk, 19-cr-366 (Schofield).


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