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How Dennis Hastert Tried To Make Lots Of Cash Fast Makes Front Page Of New York Times

June 7, 2015

With many more questions being asked than answers being provided concerning the sex scandal of former Republican Speaker of the House Dennis Hastert comes a front page story in The New York Times about his need to raise money.

After a relatively slow start to his career as a consultant and lobbyist, J. Dennis Hastert, the former speaker of the House of Representatives, became very busy in 2010. He was traveling to spots including Singapore and Montreal, meeting with clients about ventures as varied as futures trading and Formula One racing.

He also made an unusual request to one of his business associates: to find a financial adviser who could come up with a plan for an annuity that would generate a substantial cash payout each year. According to the associate, J. David John, the former speaker also asked that the adviser not be told of Mr. Hastert’s involvement.

The request came just a few weeks before Mr. Hastert, according to charges in a federal indictment, made his first payment to a man known as “Individual A” in what was to be a total of $3.5 million. The money, two people briefed on an F.B.I. investigation of Mr. Hastert said, was paid to prevent the man from publicly saying Mr. Hastert sexually abused him decades ago, when Mr. Hastert was a high school teacher and wrestling coach in Yorkville, Ill.

In emails and other documents provided to The New York Times, accounts of the former speaker’s business dealings show a burst of activity to increase his wealth. But apparently unknown to his business associates, Mr. Hastert was not merely following the path of other former members of Congress who have tried to cash in. The indictment says he was seeking to prevent a hidden past from undoing his life.

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