Former House speaker Dennis Hastert’s (R-Ill.) indictment on charges that he broke bank laws by withdrawing large sums of money and then lied about it to federal officials has roiled the political world, with the reverberations from the news just now starting to be truly felt in the nation’s capital.
It’s a complicated case — and a very fluid story. With that in mind, here’s what we know — and what we don’t — about what Hastert allegedly did, according to the seven-page indictment released Thursday.
What We Know
* In 2010, Hastert agreed to give an unnamed person $3.5 million “to compensate for and conceal his prior misconduct against Individual A.”
* The “prior misconduct” occurred before Hastert entered politics in 1981. (He was elected to the Illinois state House in the election of 1980.) “Individual A” is from Yorkville, a city very close to Hastert’s hometown of Plano — a far western suburb of Chicago. Hastert worked as a teacher and wrestling coach in Yorkville from 1965 to 1981.
* Between 2010 and 2015, Hastert took out more than $1.7 million in cash from a variety of bank accounts to make good on this promised payment. Federal prosecutors allege that roughly half of that money was illegally withdrawn.