Former U.S. House Speaker Dennis Hastert pleaded guilty in federal court Wednesday to breaking bank reporting requirements in connection with an alleged hush money scheme.
Hastert was charged in May with lying to the FBI and breaking banking rules in an attempt to pay an unidentified individual $3.5 million in hush money to conceal previous sexual misconduct. The victim of the alleged misconduct, which allegedly took place when Hastert was a teacher at Yorkville High School back in the 1960s and 1970s, has not publicly come forward.
As part of a plea deal with prosecutors, Hastert pleaded guilty to one charge on which he was indicted -- failure to adhere to federal bank transaction reporting requirements. The ex-lawmaker is scheduled to be sentenced on February 29.
"As part of the sentencing process in this case, as in all cases, we will provide the court with relevant information about the defendant's background and the charged offenses, and the defendant will have an opportunity to do the same, so that the court can impose an appropriate sentence taking into account all relevant factors in the case," reads a statement from the U.S. attorney's office for the Northern District of Illinois.
Hastert faces a sentence ranging from probation to up to six years in prison.