Former House Speaker Dennis Hastert Indicted On Federal Banking Charges

The Justice Department on Thursday announced an indictment against former House Speaker Dennis Hastert for allegedly lying to the FBI and illegally structuring cash payments designed to “conceal his prior misconduct” against an unnamed individual. Hastert was charged with transferring funds to avoid detection by the Internal Revenue Service, a practice called “structuring.” Rumors that Hastert had legal problems were bouncing around the Capitol in recent weeks. In an interview with POLITICO last week, Hastert denied that he had problems with the IRS and denied that he was about to be indicted.