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Former House Speaker Dennis Hastert pleaded guilty Wednesday to a felony charge of evading federal bank reporting laws in connection with a scheme to pay hush money to a former associate.

Hastert entered the plea in front of a federal judge in Chicago. The indictment in the case says only that the payments related to "past misconduct," but press reports have said Hastert-a former high school teacher and wrestling coach--was trying to cover up and compensate for sexual contact with a student.

The judge could sentence the 73-year-old Hastert to up to 5 years in prison and a $250,000 fine, but both sides in the case told the judge that federal sentencing guidelines call for a sentence of zero to six months in prison.

Under a plea bargain with prosecutors, a charge Hastert faced of lying to the FBI will be dropped.


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