"Former U.S. House of Representatives Speaker Dennis Hastert was indicted on Thursday on federal charges including making false statements to the FBI, the U.S. Attorney's Office in Chicago said. The Illinois Republican, who left office in 2007, was charged with structuring the withdrawal of $952,000 in cash in order to evade the requirement that banks report cash transactions over $10,000, and lying to the FBI about his withdrawals, the U.S. Attorney's Office said in a statement.... Around 2010, Hastert met with the person several times and discussed past misconduct by Hastert. Eventually, Hastert agreed to pay the person $3.5 million in compensation and to conceal unspecified misconduct, the indictment said" $3.5M....to keep quiet. Did he have an affair? With a man? What was bad enough to constitute $3.5m? http://www.msn.com/en-us/news/polit...ed-on-federal-charges/ar-BBkmr29?ocid=DELLDHP
He's not a bad politician, he's just a politician with a bad money manager. There are others that are significantly worse who never get caught. Their retirement plan is in way better hands.
Funny.....or true? "Hastert was paying a male from his past to try to conceal sexual misconduct, the Los Angeles Times reported on Friday, citing two unnamed federal law enforcement officials. One of the officials cited by the newspaper said the alleged misconduct involved a male and occurred during Hastert's time as a high school wrestling coach and teacher in Yorkville, Illinois, before becoming a lawmaker."
Had no idea if it was true. Your post posed a question. All I knew is that it was funny, it really was. No offense intended.
http://www.nytimes.com/2015/05/30/us/politics/hastert-indictment.html?_r=0 Looks like it was some kind of sexual impropriety. Ironic that the law he passed, the Patriot Act, ended up being his undoing because of how larger cash sums are tracked.
Even before the Patriot Act the banks were required to report any transactions of $10,000 or more. I was aware of this in 1997 because when I bought a truck I wanted to put $12,000 as a down payment so I gave the dealer a check for $8,000 and a few days later went back and gave them another check for $4,000. I wasn't doing anything illegal but I didn't like the idea of it being reported to Uncle Sam.
What shocks me the most about this story is that a fellow can't withdraw his own money from his bank without having to tell the FBI why.
I have a Cap One checking Acct and a Cap One Card that pays back 1.5%, so I made a large purchase, went to Cap One cashed a check, then gave the teller the cash to pay my Cap One Card bill, if I had just gave her the check, they would have waited for it to clear, with cash, it's posted in a few hrs.
