News that doesn't receive the necessary attention.

Saturday, May 30, 2015

Former Republican House Speaker Hastert was board member of ethanol producer Rex American Resources but resigned Friday, May 29-Reuters

5/29/15, "Ex-U.S. lawmaker Hastert aimed to hide sexual misconduct with male: L.A. Times," Reuters

"Former U.S. House of Representatives Speaker Dennis Hastert, indicted on Thursday on federal criminal charges, was paying a male from his past to try to conceal sexual misconduct, the Los Angeles Times reported on Friday, citing two unnamed federal law enforcement officials.
One of the officials cited by the newspaper said the alleged misconduct involved a male and occurred during Hastert's time as a high school wrestling coach and teacher in Yorkville, Illinois, before becoming a lawmaker....

Hastert stepped down from the board of directors of ethanol producer REX American Resources Corp (REX.N) on Friday, according to a regulatory filing.

On Thursday, he resigned from the Washington lobbying firm Dickstein Shapiro, which he joined in 2008, and resigned as a board member of the exchange operator CME Group Inc.."...

5/21/15, "CHS Inc to buy Illinois ethanol plant in $196 mln deal -SEC filing," Reuters, Chicago

"CHS Inc will buy an ethanol plant in Annawan, Illinois, that is partially owned by REX American Resources Corp, a U.S. Securities and Exchange Commission filing showed on Thursday.

CHS is to acquire full ownership of Patriot Holdings LLC, which operates the ethanol plant, in a deal valued at $196 million, the filing showed. REX American currently owns 26.6 percent of Patriot and would take in as much as $49 million in the deal, the filing stated.

The sale was expected to close on June 1, said two sources familiar with the deal. CHS, the largest farm cooperative in the United States, purchased an ethanol plant a year ago Rochelle, Illinois."


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