SportsGuy41017 Posted May 29, 2015 Share Posted May 29, 2015 Former House Speaker Dennis Hastert facing federal charges - CBS News Former House Speaker Dennis Hastert has been indicted on federal charges for trying to hide close to $1 million in bank withdrawals and for lying to the Federal Bureau of Investigation. The indictment returned by a federal grand jury says 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. Documents filed in a U.S. District Court in Illinois allege that in 2010, Hastert 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 Until 2012, the denominations varied between about $50,000 and $100,000, and then after 2012, the money was always withdrawn in denominations under $10,000 - in order to avoid triggering a requirement that banks report cash withdrawals exceeding $10,000. Hastert 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." Link to comment Share on other sites More sharing options...
75center Posted May 29, 2015 Share Posted May 29, 2015 Bye Bye Dennis. He's going to get drilled on multiple fronts. Link to comment Share on other sites More sharing options...
Clyde Posted May 29, 2015 Share Posted May 29, 2015 A report I read says the money was paid to try to hide sex abuse by Hastert. Link to comment Share on other sites More sharing options...
spindoc Posted May 29, 2015 Share Posted May 29, 2015 A report I read says the money was paid to try to hide sex abuse by Hastert. Ironic Link to comment Share on other sites More sharing options...
75center Posted May 29, 2015 Share Posted May 29, 2015 A report I read says the money was paid to try to hide sex abuse by Hastert. I didn't see anything about the abuse part but I saw where it was to keep quiet about a relationship with a male during his time as a high school wrestling coach. That would make sense that it was a student. Link to comment Share on other sites More sharing options...
Clyde Posted May 29, 2015 Share Posted May 29, 2015 I didn't see anything about the abuse part but I saw where it was to keep quiet about a relationship with a male during his time as a high school wrestling coach. That would make sense that it was a student. I did see where it happened while he was a teacher. Hastert Allegedly Paid to Conceal His Sexual Misconduct as High School Teacher | Mediaite Link to comment Share on other sites More sharing options...
75center Posted May 29, 2015 Share Posted May 29, 2015 Structuring currency transactions will get you every time. Just take the $10,000 out and don't worry about it. The IRS doesn't care what you do with your money as long as you've paid taxes on it and it's not used for illegal purposes. Link to comment Share on other sites More sharing options...
lawildcat Posted May 29, 2015 Share Posted May 29, 2015 Structuring currency transactions will get you every time. Just take the $10,000 out and don't worry about it. The IRS doesn't care what you do with your money as long as you've paid taxes on it and it's not used for illegal purposes. Sexual misconduct will also get you every time. LOL Link to comment Share on other sites More sharing options...
FarBeyondDriven Posted May 29, 2015 Share Posted May 29, 2015 A corrupt politician, WOW......what a surprise. Link to comment Share on other sites More sharing options...
ggclfan Posted May 30, 2015 Share Posted May 30, 2015 I just got back from dinner and drinks with my brother in law. He is more a lib and I am more conservative. I am beginning to agree with him though on the fact he pretty much hates all the politicians in Washington - party does not matter. They are all corrupt in his eyes. I think he is right more and more every day. Link to comment Share on other sites More sharing options...
Bluegrasscard Posted May 31, 2015 Share Posted May 31, 2015 Structuring currency transactions will get you every time. Just take the $10,000 out and don't worry about it. The IRS doesn't care what you do with your money as long as you've paid taxes on it and it's not used for illegal purposes. AML. will find the patterns even less than 10k Couple with KYC software and your bank knows you better tha your mother. Link to comment Share on other sites More sharing options...
mcpapa Posted May 31, 2015 Share Posted May 31, 2015 I just got back from dinner and drinks with my brother in law. He is more a lib and I am more conservative. I am beginning to agree with him though on the fact he pretty much hates all the politicians in Washington - party does not matter. They are all corrupt in his eyes. I think he is right more and more every day. The term "public servant" becomes more of an anachronism with each passing day, seemingly. Link to comment Share on other sites More sharing options...
Voice of Reason Posted May 31, 2015 Share Posted May 31, 2015 If Hastert were a Dem, there would be at least 50 posts in this thread by now. Where is the resident BGP political thread story breaker mt. ref? Link to comment Share on other sites More sharing options...
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