Why Was Former House Speaker Hastert Indicted?

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SUMMARY

Former House Speaker Dennis Hastert was indicted on bank-related charges due to his attempts to evade reporting requirements by withdrawing over $1 million in cash in amounts under $10,000. This strategy was employed to facilitate payments exceeding $3 million to an individual connected to his past misconduct. The indictment highlights serious legal implications surrounding financial transactions and misconduct allegations.

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  • Familiarity with legal terminology related to indictments and financial crimes.
  • Knowledge of the implications of misconduct allegations in political contexts.
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Ex-US Speaker Hastert indicted on bank-related charges
http://news.yahoo.com/ex-us-speaker-hastert-indicted-bank-related-charges-214129927--politics.html

Apparently Hastert had agreed to pay over $3 million to someone who was he subject of his misconduct. Hastert apparently withdrew of $1 million from bank accounts in amount under the $10K limit, which requires banks to notify authorities.

http://www.npr.org/sections/thetwo-...rt-indicted-in-probe-into-3-5m-in-withdrawals
 
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Ah, that's a name that has not been in the news for awhile.
 

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