Hastert broke the rule
by digby
Yikes. Another ex-Speaker of the House goes down in disgrace:
Prosecutors said that in 2010, when the unnamed individual confronted Hastert about the allegations of misconduct, the former speaker agreed to pay out $3.5 million “to compensate for and conceal his prior misconduct against” this person.
Over the next five years Hastert withdrew about $1.7 million in cash from his various bank accounts, at one point last year delivering $100,000 at a time to the person, the indictment alleges.
Beginning in 2013, the FBI and Internal Revenue Service began investigating “possible structuring of currency transactions to avoid the reporting requirements.” Hastert had made more than a dozen withdrawals of $50,000 in cash, which was provided to the unnamed individual every six weeks, the indictment said.
After bank representatives questioned him about the withdrawals, he began taking out less than $10,000 at a time, providing it to the unnamed person at set locations and times, prosecutors say. When Hastert was asked about the withdrawals, the indictment states that he told agents: “I kept the cash.”
However, the indictment states that this is a lie, and Hastert was trying to keep his agreement to pay the unnamed person “secret so as to cover up his past misconduct.”
The indictment doesn’t say what he was being blackmailed for, it just notes that he was a high school teacher and wrestling coach.
I have to laugh though to think that this guy was a high school teacher and a congressman and parlayed that into enough money to pay off a blackmailer in the millions. What a racket.
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