Denny Hastert’s Rush To Make Money
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Denny Hastert began a rush to make money in 2010, obviously looking to secure cash quickly.
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…
There is little evidence that the ventures between Mr. Hastert and Mr. John paid off for either man. Their relationship ultimately collapsed. Mr. John ended up filing lawsuits that raised allegations about possible abuse of public funds by Mr. Hastert, who had a taxpayer-funded office to wind down his business as speaker. Courts have twice dismissed one of Mr. John’s lawsuits, although he has moved to refile the case…
It was in middle of all this deal making that Mr. Hastert approached Mr. John for assistance in setting up a way to pay someone discreetly, over perhaps as long as a decade, Mr. John said in an interview.
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StoneyCurtisll June 7th, 2015 at 1:46 pm
I was wondering how Hastert went from low paying high school teacher (and pedophile) to Republican speaker of the house and multi-millionaire in so few years…
robert June 7th, 2015 at 2:04 pm
2 words
undeclared war(s)