UPDATE: FORMER SPEAKER HASTERT INDICTED BY FEDS OVER HUSH MONEY FOR SEXUAL MISCONDUCT * 100PercentFedUp.com * by Patty McMurray

What could Hastert have done so wrong to have to pay someone from his past $3.5 million? He was a teacher and a wrestling coach before he go involved in politics so my question is who was extorting money from him?

WE HAVE AN UPDATE ON THIS STORY:

Former House Speaker Dennis Hastert paid a man to conceal sexual misconduct while the man was a student at the high school where Hastert taught, a federal law enforcement official told NBC News on Friday.

The official spoke on condition of anonymity. Tribune newspapers reported earlier in the day that two unnamed federal officials said that Hastert paid a man from his past to conceal sexual misconduct.

YORKVILLE, Ill. — J. Dennis Hastert, the longest-serving Republican speaker in the history of the U.S. House, was indicted Thursday by a federal grand jury on charges that he violated banking laws in a bid to pay $3.5 million to an unnamed person to cover up “past misconduct.”

Hastert, 73, who has been a high-paid lobbyist in Washington since his 2007 retirement from Congress, schemed to mask more than $950,000 in withdrawals from various accounts in violation of federal banking laws that require the disclosure of large cash transactions, according to a seven-page indictment delivered by a grand jury in Chicago.

The indictment did not spell out the exact nature of the “prior misconduct” by Hastert, but it noted that before entering state and federal politics in 1981, Hastert served for more than a decade as a teacher and wrestling coach at Yorkville High School in Illinois.

In 2010, confronted about the “prior misconduct,” the former speaker agreed to pay $3.5 million to the person “to compensate for and conceal his prior misconduct against Individual A,” prosecutors alleged.

That person, whose identity was shielded by prosecutors, has known Hastert most of his or her life, growing up in Yorkville, the city next to Hastert’s home town of Plano, in the exurbs west of Chicago. Prosecutors said the actions “occurred years earlier” than the 2010 meeting that sparked the payments.