The Sunlight Foundation has uncovered House Speaker Dennis Hastert's latest shenanagens, a lucrative private real estate deal linked to a $207 million highway appropriations earmark that Denny engineered.
Dennis Hastert's Real Estate Investments
Written by Bill Allison on June 14, 2006 - 2:16pm.
House Speaker J. Dennis Hastert has used an Illinois trust to invest in real estate near the proposed route of the Prairie Parkway, a highway project for which he's secured $207 million in earmarked appropriations. The trust has already transferred 138 acres of land to a real estate development firm that has plans to build a 1,600-home community, located less than six miles from the north-south connector Hastert has championed in the House. ...
Hastert's 2005 financial disclosure form, released today, makes no mention of the trust. Hastert lists several real estate transactions in the disclosure, all of which were in fact done by the trust. Kendall County public records show no record of Hastert making the real estate sales he made public today; rather, they were all executed by the trust.
The trust, called the Little Rock Trust #225, transferred 138 acres of farmland in which Hastert had an interest to a company called RALC-Plano LLC on Dec. 7, 2005. ...
Abramoff-linked casino money. Turkish bribes. And now an undisclosed real estate trust with the porcine Boss Hog getting fat while afeast on earmarked appropriations at the public trough. Why am I not surprised.
National Debunker