Former U.S. House Speaker Dennis Hastert was indicted by a federal grand jury Thursday for allegedly avoiding a requirement to report large cash withdrawals from banks and lying to the FBI, Bloomberg reports.
Hastert withdrew $952,000 in cash to give an unidentified person $3.5 million as a payoff for covering up "prior misconduct," U.S. Department of Justice prosecutors alleged. Starting in July 2012, the Illinois Republican allegedly withdrew money from the bank in increments less than $10,000 to avoid banks reporting large transactions, as required by law.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
