Down1
28th May 2015, 05:22 PM
Past misconduct.
I wonder what it could be ?
Former House Speaker Dennis Hastert has been indicted on federal charges for trying to hide close to $1 million in bank withdrawals and lying to the Federal Bureau of Investigation.
Hastert was charged with one count each of structuring his currency transactions to evade Currency Transaction Reports on a withdrawal of $925,000 in cash and making false statements to the FBI in an indictment returned by a federal grand jury.
According to the indictment, in 2010, Hastert allegedly agreed to provide an unnamed individual with $3.5 million. Between 2010 and 2014, he withdrew a total of approximately $1.7 million in cash from various bank accounts. Until 2012, the denominations varied between about $50,000 and $100,000, and then after 2012, always in denominations less than $10,000 in order to avoid triggering a requirement that banks report cash withdrawals in excess of that amount.
Hastert, according to the indictment, allegedly began making payments to a person referred to in the documents as "Individual A" in 2010, after meeting with this person "several times." The indictment says Hastert and Individual A "discussed past misconduct by defendant against Individual A that had occurred years earlier." It was during these conversations that Hastert agreed to pay this person the $3.5 million sum "to compensate for and conceal his prior misconduct."
http://www.cbsnews.com/news/former-house-speaker-dennis-hastert-facing-federal-charges/
http://www.cbsnews.com/news/former-house-speaker-dennis-hastert-facing-federal-charges/
I wonder what it could be ?
Former House Speaker Dennis Hastert has been indicted on federal charges for trying to hide close to $1 million in bank withdrawals and lying to the Federal Bureau of Investigation.
Hastert was charged with one count each of structuring his currency transactions to evade Currency Transaction Reports on a withdrawal of $925,000 in cash and making false statements to the FBI in an indictment returned by a federal grand jury.
According to the indictment, in 2010, Hastert allegedly agreed to provide an unnamed individual with $3.5 million. Between 2010 and 2014, he withdrew a total of approximately $1.7 million in cash from various bank accounts. Until 2012, the denominations varied between about $50,000 and $100,000, and then after 2012, always in denominations less than $10,000 in order to avoid triggering a requirement that banks report cash withdrawals in excess of that amount.
Hastert, according to the indictment, allegedly began making payments to a person referred to in the documents as "Individual A" in 2010, after meeting with this person "several times." The indictment says Hastert and Individual A "discussed past misconduct by defendant against Individual A that had occurred years earlier." It was during these conversations that Hastert agreed to pay this person the $3.5 million sum "to compensate for and conceal his prior misconduct."
http://www.cbsnews.com/news/former-house-speaker-dennis-hastert-facing-federal-charges/
http://www.cbsnews.com/news/former-house-speaker-dennis-hastert-facing-federal-charges/