Posted on 05/28/2015 4:40:52 PM PDT by navysealdad
Former Speaker of the House Dennis Hastert was indicted Thursday by a federal grand jury in Chicago. The Illinois Republican, 73, is charged with trying to evade cash withdrawal requirements, and with lying to the FBI about it.
(Excerpt) Read more at npr.org ...
My bad, GOPe.
The vote to indict was unanimous: 27 to 0
Well said, and true. Thank you.
Interesting how this major indictment comes down on a Republican who’s been out of politics and out of the public eye for nearly a decade, all for withdrawing his money. Maybe it was bribes, but if so, why not charge him with that?
Meanwhile, Obama has a certain go-to riot-making jive-ass who owes the IRS over $4.5 million, and is a frequent guest in the White House. No justice investigation there. There is a major IRS abuse of Tea Party citizens, no justice indictments there. IRS hacking scandal, no justice investigation there. Major meltdowns of American cities with wild-assed out of control prosecutor in Baltimore, no investigation there.
Too busy doing double-jeopardy on a Cleveland cop who’s been acquitted or Darren Wilson in Ferguson after the local Grand Jury refused to indict. Too busy chasing a bunch of foreign FIFA soccer guys that 99.9% of the American people couldn’t give a crap about. We are melting, folks.
This is probably hitting the news cycle now to keep something Hillary and Bill did out of the headlines. Timing is everything.
It is creepy how the government is so concerned about people keeping cash. I understand about detecting illegal transactions and/or tax avoidance. But sometimes people just like to keep cash. My grandfather used to. It was just the way he was. But that was a long time ago.
It’s a lose lose. If you do $10k its legal but you get reported. If you do less than $10k it’s illegal and you get reported.
These anti-structuring laws/regulations are just wrong. Sounds like he was being blackmailed.
How on earth do you consider withdrawing your own money in amounts LESS than the maximum permitted by law to be a criminal activity? Never mind the unconstitutionality of the $10,000 limit to begin with.
If the law says the limit is $10,000, then by definition, anything less is perfectly legal.
I hope you’re right. But I am becoming increasingly disillusioned by politicians on both sides. Things need to change, and they need to change fast.
Plus it proves they are monitoring ALL transactions, not just those as deemed "legal"
Ooops, INCLUDING those they deem as “legal”
I was thinking the exact same thing. What is it to them what he spends his money pon? To a person pf means $10,000 in cash isn’t allot of money.
As for lying to the FBI, why the hell would anyone ever talk to the FBI? If the FBI says they have questions for you, TALK TO MY ATTORNEY!
“This is all about the law the government created that controls how much of your own money you can take out of the bank at any one time. The only “crime” here is that you want your money in cash and don’t want to leave it in the bank where the government can confiscate it.”
no, in the USA you can take out as much cash as you want. there is, however, a reporting requirement that the bank report all cash transactions over $10K to FINCEN.
what Hastert was doing was to take out large amounts of cash at just under 10K per time to avoid the reporting requirement.
when people do that it is called “structuring” which is itself a felony.
Elliot Spitzer was caught up by the same law.
$3.5 million in payments indicates blackmail over something pretty nasty.
if DC is ever going to be cleaned up, dirty politicians have to be ruthlessly exposed, and all of the compromised have to be chucked.
“beginning in approximately July 2012 he started structuring those withdrawals in increments of less than $10,000 to evade currency transaction requirements that withdrawals of $10,000 or more be reported.”
I think he “avoided” rather than “evaded”, the law requires banks to report daily withdrawals over $10,000, he simply withdrew below that amount.
compelling interest? You’d have to ask the same question to Hastert? If he needed , say 50 grand, in cash why wouldn’t he cash a check and get it? He was there when the law that trapped him got passed so he sure the bleep ought to know about it. I came to believe he was crooked since his biggest chunk of cash came from a real estate deal that he set up while he was in office then cashed out of after he retired.
And remember he’s one of the big spenders, always claiming he “negotiated” each bill to passage. That means he was loading them up with something for everybody until they could pass. I’d be happy to tidy up a cell for him. The one Duke Cunningham is using will be available soon.
Boehner, we are coming for you.
The 3.5 mil $ was a payoff for a pre-first House, election”act”. He was a high school football and wrestling coach. Joe Paterno - type deal?
Hastert set up a shell company to buy farmland that he knew would become a new interstate interchange. His name wasn’t on the company but his wife was.. He made millions flipping some cheap land with his insider knowledge. 60 minutes or maybe dateline had done an expose on him way back. Crooked as a paper clip...
How many? When it comes to locking up crooked SOB’s I’ll take ‘em as they come. Dims would want to be polite now because their turn is coming.
REALLY?
Former Speaker of the House Dennis Hastert was indicted Thursday by a federal grand jury in Chicago. The Illinois Republican, 73, is charged with trying to evade cash withdrawal requirements, and with lying to the FBI about it.
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