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Hastert's indictment suggests he was victim of blackmail scheme
American Thinker ^
| 05/29/2015
| Rick Moran
Posted on 05/29/2015 8:48:45 AM PDT by SeekAndFind
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To: SeekAndFind
"The currency violations are the result of withdrawals from several bank accounts by Hastert over a two year period that exceeded the $10,000 limit on withdrawals which that needed to be reported under the law."
What??? I though "structuring" involved bank transactions of just UNDER $10K with the intent of evading the reporting requirements which kick in on transactions of $10K or more.
To: SeekAndFind
I suspect the coach did some wrestling he doesn't want turned into a Sandusky revelation.
3
posted on
05/29/2015 8:58:43 AM PDT
by
blackdog
(There is no such thing as healing, only a balance between destructive and constructive forces.)
To: circlecity
the story isn’t well written. he made several withdrawls above the 10k limit and when questioned by bank officials, which they are required to do, he immediately began making <10k withdrawls from then on. it’s the “from then on” part that is illegal
To: SeekAndFind
It's not the banking law they want him brought down with. It's the blackmail topic which will come out later.
It is a message to all sitting and retired politicians from the Department of Social Justice.
5
posted on
05/29/2015 9:01:24 AM PDT
by
blackdog
(There is no such thing as healing, only a balance between destructive and constructive forces.)
To: blackdog
I suspect the coach did some wrestling he doesn't want turned into a Sandusky revelation. Yep
6
posted on
05/29/2015 9:05:33 AM PDT
by
kjam22
(my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
To: SeekAndFind
victim of a blackmail schemeIf Hastart didn't own up to something in his past and paid hush money instead, he's not the "victim".
This gives credence to our suspicions that many in the DC crowd are being blackmailed. I think at this point we'd forgive just about anything except voting against the Constitutional Conservative issues that got them elected or appointed (in the case of Roberts).
7
posted on
05/29/2015 9:06:19 AM PDT
by
grania
To: SeekAndFind
Typical politician...he thought the rules didn’t apply to him.
8
posted on
05/29/2015 9:14:58 AM PDT
by
Night Hides Not
(Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
To: SeekAndFind; All
Doesn't make sense, unless Hastert is now senile..we're talking millions paid out here.
Let's assume the worst, that it's a Sandusky type case. The victim gets a lawyer, who contacts Hastert and his atty. A settlement is agreed to, and paid, and it's sealed...no public disclosure..one assume's both sides want that.
Also, a civil settlement is INCOME TAX FREE to the recipient. This way, the "blackmailer" is now stuck for taxes on the money he received.
Pretty dumb all the way around...
9
posted on
05/29/2015 9:16:01 AM PDT
by
ken5050
(If Hillary is elected president, what role will Huma Abedin have in the White House? Scary, eh?)
To: Shamrock498
"he made several withdrawls above the 10k limit and when questioned by bank officials, which they are required to do, he immediately began making <10k withdrawls from then on. its the from then on part that is illegal"
That's what I assumed when I first heard the story. Looks like he should have just kept taking out more than $10K and just told the bank it was for personal reasons.
To: kjam22
An underage student teacher relationship is the most logical explanation for a $3.5 million dollar pay off.
11
posted on
05/29/2015 9:19:57 AM PDT
by
CaptainK
(...please make it stop. Shake a can of pennies at it.)
To: SeekAndFind
Denny Hastert was a crook when he was Speaker of the House. Years ago I saw a whole documentary on good old Denny where he used his position to get a road built through some property he owned so he could sell it for a nice profit. He no doubt got blackmailed for some criminal activity. You can’t blackmail an innocent person.
12
posted on
05/29/2015 9:21:32 AM PDT
by
Georgia Girl 2
(The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
To: SeekAndFind
I’m guessing that Hastert is the victim of a black DOJ.
And Lois Lerner is free as a bird.
13
posted on
05/29/2015 9:22:54 AM PDT
by
CMailBag
To: blackdog
It is a message to all sitting and retired politicians from the Department of Social Justice. Well, not *all* of them, of course.
14
posted on
05/29/2015 9:23:23 AM PDT
by
Charles Martel
(Endeavor to persevere...)
To: ken5050
A settlement is agreed to, and paid, and it's sealed...no public disclosure..one assume's both sides want that. Sealed agreements can get leaked by a 3rd party. Just ask Jack Ryan or Bill O'Reilly.
15
posted on
05/29/2015 9:23:39 AM PDT
by
CaptainK
(...please make it stop. Shake a can of pennies at it.)
To: Shamrock498
the story isnt well written. he made several withdrawls above the 10k limit and when questioned by bank officials, which they are required to do, he immediately began making <10k withdrawls from then on. its the from then on part that is illegal I can understand that making lots of cash deposits under $10k can raise suspicion of tax evasion, but withdrawals? I don't think either activity, especially withdrawals, is actually "illegal".
What if you get diagnosed with some disease, and are given a year to live. Can't you start withdrawing wads of cash and go live it up at a casino and squeeze in a little fun with your hard-earned savings while you're on your way out? Is that illegal now?
To: circlecity
You're right. That is structuring, which is multiple transactions to evade the CTR filing.
The over $10,000 deposit or withdrawal in cash would cause to generate a CTR and possibly an SAR. Structuring would cause to generate an SAR.
17
posted on
05/29/2015 9:25:40 AM PDT
by
b4its2late
(A Liberal is a person who will give away everything he doesn't own.)
To: ken5050
Sandusky didn’t just pay money.
He is in prison.
Properly so.
18
posted on
05/29/2015 9:28:47 AM PDT
by
MrEdd
(Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
To: SeekAndFind
“Currency violations.” In America. How far we have fallen.
19
posted on
05/29/2015 9:29:17 AM PDT
by
arthurus
(It's true!)
To: SeekAndFind
SO, he violated the law that says it is illegal for you to use your money without the government knowing why you are using your money, for what is is for, and how they can track it.
Nice freedom we have here.
Actually, the serious charge is that he lied to investigators about what was going on.
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