Disgraced speaker Dennis Hastert pleads GUILTY to paying $3.5M to cover up underage gay sex plot and now faces up to five years in prison
Dennis Hastert, 73, was indicted in May for breaking federal banking laws while paying hush money to someone blackmailing him
That unnamed individual, a male, was allegedly molested by Hastert during the politician’s days as a high school wrestling coach
Appearing in court in Chicago Wednesday, he said: ‘I didn’t want them to know how I intended to spend the money’
Hastert admitted to one count of ‘structuring’ – taking money out in amounts below $10,000 to evade bank reporting rules on large withdrawals
He could face up to five years prison, but sources say he will serve a year
DailyMail.com
28 October 2015
Former U.S. House Speaker Dennis Hastert pleaded guilty on Wednesday to federal charges of evading bank rules about large cash transactions after reaching a deal with prosecutors in a hush-money case stemming from allegations of sexual misconduct.
Federal prosecutors recommended a sentence of zero to six months in prison for Hastert, but the judge said he could potentially sentence him to up to five years and a fine of up to $250,000 when he is sentenced in February.
The plea to one count of ‘structuring’ – taking money out of the bank in amounts below $10,000 to evade bank reporting rules on large cash movements – marks a dramatic downfall for someone who once ranked among the country’s most powerful politicians.
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