Former U.S. Speaker of the House John Dennis Hastert was charged Thursday with attempting to evade banks' reporting requirements and lying to the FBI about his actions.
He was charged with structuring a cash withdrawal of $952,000 so as to get around the rule that banks must report such transactions over $10,000. The charges also allege that he lied to the FBI about his actions.
Hastert, a Republican who represented Illinois' 14th Congressional District, was speaker of the House from 1999 to 2007.
The indictment against him alleges that Hastert agreed in 2010 to provide someone with $3.5 million in order to "compensate for and conceal his prior misconduct" against that individual. He then allegedly withdrew about $1.7 million in cash from different accounts between 2010 and 2014 in order to provide the money to that person.