Ex-House Speaker Hastert Indicted for Dodging Banking Law

Dennis Hastert is accused of lying to the FBI about violating currency reporting requirements.

UNITED STATES - AUGUST 28: Former Speaker of the House Dennis Hastert, R-Ill., is in the Illinois delegation at the 2012 Republican National Convention at the Tampa Bay Times Forum. (Photo By Chris Maddaloni/CQ Roll Call)
Photographer: Chris Maddaloni/CQ-Roll Call,Inc.

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By Andrew Harris, Richard Rubin and Billy House

May 28, 2015 at 9:14 PM UTC

Updated on

May 29, 2015 at 6:55 AM UTC

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Former Speaker of the U.S. House of Representatives Dennis Hastert was indicted on charges of evading currency-reporting requirements and lying to the FBI as part of a hush-money scheme.

Hastert, 73, withdrew $952,000 in small increments to avoid a requirement that banks report cash transactions exceeding $10,000, the U.S. Justice Department said Thursday. The withdrawals were part of a plan to give an individual who wasn’t named $3.5 million as a payoff to conceal “prior misconduct,” Chicago U.S. Attorney Zachary Fardon said in a statement.