WASHINGTON, DC — Former U.S. House Speaker Dennis Hastert will plead guilty to making false statements to the FBI about currency transactions that were structured to evade federal reporting requirements, his attorneys said in court on Thursday. The scheme was part of an effort to pay hush money to conceal allegations of sexual misconduct.
The guilty plea is part of a plea agreement that will be presented to the court on October 28. The terms of the plea deal were not immediately disclosed.
According to the indictment, in 2010, Hastert agreed to provide an individual $3.5 million in order to compensate for and conceal his alleged prior misconduct against that person. From 2010 to 2014, Hastert withdrew a total of approximately $1.7 million in cash from various bank accounts and provided it to the accuser. Beginning in approximately July 2012, Hastert started structuring his cash withdrawals in increments of less than $10,000 to evade the filing of Currency Transaction Reports (“CTRs”), which banks are required to file for cash withdrawals in excess of $10,000.
When questioned by the FBI in December 2014, Hastert falsely stated that he was keeping the cash.