Not yet, anyway.
He is being charged with lying to investigators about why he was LEGALLY taking large sums of money out of his account.
He is also charged with 'structuring' the withdrawals to avoid reporting requirements under federal law. Big no-no =>
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If convicted on both counts, he faces as many as 10 years in prison and a $500,000 fine.
http://abcnews.go.com/Politics/dennis-hastert-us-house-speaker-indicted-feds/story?id=31376076
“He is also charged with ‘structuring’ the withdrawals to avoid reporting requirements under federal law.”
I have a big problem with that law. I can “structure” perfectly legal withdrawals so that I don’t have to do Federal paperwork. If the Feds see the transactions and come asking me what I am doing, I should not have to tell them anything I have broken no laws. I have simply avoided the $10,000 transaction limit and eliminated extra paperwork.
If the Feds ask me why, I should have no obligation to tell them anything. It is none of their business. For them to be able to charge me with “structuring” and “obstruction of justice” is ludicrous.