Don’t get me wrong, I was never a fan of Hastert. But, all of this seems a bit backwards to me.
Ex-Speaker Hastert reportedly paying to conceal sexual misconduct
Ex-House Speaker Dennis Hastert had been paying someone to cover up sexual misconduct before he was indicted for allegedly concealing those payments, a law enforcement source told Fox News Friday. ……
… The federal indictment said only that Hastert had been hiding payments he made in order to compensate for and conceal “prior misconduct.”
It said he agreed to provide $3.5 million to someone described only as “Individual A.” It did not elaborate on the alleged misconduct or indicate if Individual A is a man or a woman. However, it said the person has known Hastert most of the individual’s life. It also said the person has been a resident of Yorkville, Ill.
The 73-year-old Illinois Republican is specifically accused of structuring the withdrawal of $925,000 in cash in order to evade the requirement that banks report cash transactions over $10,000. He is also accused of lying to the FBI about the withdrawals. ….
… A C-SPAN clip that surfaced from a 2014 “Washington Journal” segment fanned the flames. It showed Hastert responding to a caller identified as “Bruce.”
The caller greets Hastert and then says, “Remember me from Yorkville?” He then laughs and hangs up.
The indictment said the misconduct in question began “years earlier” and seemed to suggest it was back in his teaching days, introducing Hastert from the outset as having worked as “a high school teacher and coach in Yorkville, Illinois,” from 1965 to 1981. …..
And, “Bruce”??? The guy extorting money? Last I checked, extortion was a crime.
Again, don’t get me wrong, I was never a fan of Hastert, and I won’t shed any tears if he goes to prison. But, the guy was being blackmailed. I always considered blackmailers to be of a worse sort than people who hide payments from the government.
An aside to note ……
We all know banks are required to alert the feds every time there are bank transactions over $10,000. But, then, we now see the feds are also on alert for transactions for less than $10,000 … meaning there is no personal bank transaction you can have without the scrutiny of the federal government. Nice.
Per the ‘money laundering’ statutes, they’ve had banks monitor cash transactions for decades now. Electronics has only made it easier.
If I am not mistaken, $3000 is enough to flag you for monitoring for structuring. Get enough cash transactions flagged over an unknown period, then you get reported for ‘structuring’. I’ve seen businesses get in trouble over this (think car dealers, who take large cash payments as down payments or outright purchases). Checks have been monitored forever, I believe; since they’re paper, law enforcement simply has to present a warrant or a subpoena. I’m not sure how ‘electronic checks’ would work, but I do know that transfers by wire are monitored. Get too many or have too much money involved, then expect to get that knock on the door. The hook dates back to drug registration (the precursor to bans, including the alcohol prohibition days) and nationalized banks (Federal Reserve) and the income tax (how can you audit someone if you can’t trace their cash flow?).
“Get too many or have too much money involved, then expect to get that knock on the door. ”
…and especially your assets seized by the IRS. As zerohedge reported several times. You can sue to get them back and they might settle for half back after a few years though.
Reblogged this on Climate Ponderings and commented:
“But, then, we now see the feds are also on alert for transactions for less than $10,000 … meaning there is no personal bank transaction you can have without the scrutiny of the federal government. “
Why didn’t the blackmailer just sell him an engraved brick [ or car – or piece of land – or ] for 3.5 million?