Rush: I'm No Money Launderer

NewsMax ^ | 11/19/03 | Limbacher

[Tumbleweed_Connection]

America's number one talk radio host Rush Limbaugh catagorially denied on Wednesday an ABC News report that accused him of "laundering money" to bankroll his addiction to painkillers.

"I am no money launderer," Limbaugh said at the top of his broadcast.

"I know what this is? I know where this comes from," the top talker told his audience. "This is not a leak. This is the purposeful release of false information."

More . . .

[SerpentDove]

LOL! Me too.

COME AND GET ME, MR. G-MAN!!!

[Chancellor Palpatine]

Yup. Structuring is the operating principle here.

[Hildy]

It's perfectly legal to withdraw those amounts...EVERYONE who has that kind of money does it. What the hell is going on?

[mewzilla]

Really? Then this is sort of an ex post facto sort of crime? Folks who withdraw $9999 to pay cash for a used car aren't committing it, for example? So it's only money laundering if the money's to be used in the commission of a crime that one presumes the alleged perp would want to cover up?

[OldBlondBabe]

I laundered some money the other day. I thought I'd emptied my pockets before sending my clothes through the wash and dry cycle but upon removing them I found a dollar bill and 57 cents in change in the dryer.

As a mother of three, I launder money all the time. It doesn't amount to much but, finders, keepers....

[3Lean]

Maybe he didn't want the government prying into his personal life. I imagine there could be many legitimate occassions when a person with as much money as Rush would want to carry a lot of cash. Why would he invite scrutiny, even if the withdrawals were perfectly innocent?

[xrp]

hide the withdrawls from federal banking authorities. If he wasn't trying to hide something then why the numerous withdrawls under the $10,000 limit?

I would do the same thing. What I do with my money is not the government's business.

[Frank_Discussion]

I have nothing to hide, and I would do the same thing. The Fed has no business how much money I withdraw from my account, and I imagine Rush feels the same.

[WackyKat]

Every cash withdrawal I've made in my life is under $10,000. So what.

So nothing, unless you make 30 to 40 withdrawals in the amount of $9900 over a period of some months, when the bank must report any cash withdrawals in the amount of $10,000 or more.

I guarantee, if you do that, you will attract some scrutiny.

[theDentist]

He did. Were you listening?

[WinOne4TheGipper]

Keep it quiet. Don't you know the FBI is monitoring this site? LOL!

[Lion Den Dan]

Why numerous withdrawls under $10,000?

==============

Because it is his money, it is legal to do it and is no one's business. Comments like this are like asking why someone has 3 or 4 guns. Because it is LEGAL AND IS THEIR RIGHT.

[discostu]

You don't launder money to buy stuff you launder money after you sell it. To buy stuff illegally you just take the money out and spend it. Laundering money is taking illegal income and shunting it through various things to make it look legal before it hits your bank, usually with some skim going to the guys making it look legal for you. This looks like a synthetic scandal made by a liberal press annoyed that Rush survived the drug addiction issue.

[funkywbr]

Why, was it not his money?

[50sDad]

It's not what he did with the money, it is going out of his way to hide the withdrawls from federal banking uthorities. If he wasn't trying to hide something then why the numerous withdrawls under the $10,000 limit?

He said the bank asked him to do it to "reduce paperwork". The bank told this to many other customers. The bank got caught at this. The bank paid a 10 Million $ fine. Rush did not pay a fine...he did what the bank told him to do.

Just for my understanding, anyone in here, why the heck would one of the world's richest men need to launder money? (Please leave out any reference to the Bilderburgers, the Tri-Laterial Commission, the Warren Commission, Lyndon LaRouch, Amway, the Reverse-Vampires, and Barbara Strisand.)

[TomB]

His story checks out......

And what was so suspicious that the bank should have notified the feds?

It appears that 60 wealthy clients structured withdrawals from their own accounts aggregating more than $10,000, drawing checks in amounts less than $10,000 on consecutive days, thus avoiding reporting. This could constitute the federal crime of "structuring" and the money police insist, should have triggered reports of suspicious activity by the bank. The account holders are said to be venture capitalists and entrepreneurs who have amassed paper fortunes in stocks of a few companies and wanted to diversify without drawing attention to their trades. Heinous criminal acts indeed!

[princess leah]

NOTE TO RUSH: Pack your bags, sell your house and get the He@# out of FLorida before those same FLorida supreme court judges find your case in front of them! OH, and don't help New York either - move your station to a nice, conservative state that will not tax you to death! How about Arizona for a change of pace? (OK so we're not the most conservative either, but we're no California or New York)

[No Blue States]

I was about to say my wife confinscates money that get laundered.

Welcome back Rush, roll their liberal heads.

[Chancellor Palpatine]

I have nothing to hide, and I would do the same thing. The Fed has no business how much money I withdraw from my account, and I imagine Rush feels the same.

Yeah, but Rush did have something to hide - a multiyear addiction to painkillers that he was apparently buying off the street, in violation of state and federal law.

[funkywbr]

They outted Bush's DUI which was supposed to be expunged, same with TRIPPS records.

Who is they?

Who do you think!~}