Former House Speaker Dennis Hastert (R) indicted for lying to FBI and bank fraud.

dennis hastert indicted
Former House Speaker Dennis Hastert Indicted on Bank Fraud, Lying to FBI (Photo Credit: Wikipedia)

Another Republican just bit the dust. Former House Speaker Dennis Hastert was indicted for lying to the FBI about $3.5 million he agreed to pay to an undisclosed subject to “cover up past misconduct.”

Buzzfeed:  In an indictment handed down in the District Court of Northern Illinois, the Department of Justice and IRS charged Hastert, 73, with illegally transferring funds in an effort to avoid detection by the IRS, a scheme known as “structuring.” In the indictment, Hastert is accused of agreeing to pay one individual $3.5 million.

Although the indictment does not specify the “bad acts,” sources said they could be from before Hastert, who is now a lobbyist in Washington, entered politics in 1980. The indictment does, however, claim that Hastert agreed to make the payments “[d]uring … 2010 meetings and subsequent discussions.” In at least one of those meetings, according to the indictment, Hastert and the individual “discussed past misconduct by [Hastert against the individual] that had occurred years earlier.”

According to the indictment, the FBI began, in 2013, investigating cash withdrawals allegedly made by Hastert “as possible structuring of currency transactions to evade the reporting requirements.”

When the FBI interviewed Hastert on Dec. 8, 2014, he was asked whether the purpose of the withdrawals was related to his lack of trust in the banking system, which he confirmed. According to the indictment, Hastert said, “Yeah … I kept the cash. That’s what I’m doing.” The indictment counters that Hastert “then well knew, this statement was false,” because he had agreed to provide the individual with $3.5 million “to compensate for and conceal his prior misconduct against” the person.

Here’s Dennis Hastert’s indictment:

Hastert Indictment