Stephen Kolk, former chairman and chief executive officer of the Federal Savings Bank, was convicted on one count of bribery of financial institutions and one count of conspiracy to bribe financial institutions. The maximum prison sentences are 30 and 5 years, respectively.
The jury sat for less than two hours over two days.
Kalk and his attorneys did not comment to the press as they left the court on Tuesday.
Kolk was not remanded in custody, and his sentence was ordered by a federal court in Manhattan on January 10, 2022.
This story is breaking down and will be updated.