Too bad. Rush spelled it all out and it was very easy to follow. Much ado about nothing.
He used private bankers from US Trust (I think that was the bank) to bring him cash as a matter of convenience. *As many high-rollers do.*
THE BANK advised him (and all the other wealthy clients who did the same) - to get their money in increments of less than 10K to SAVE THE BANK the trouble of filling out certain forms. The bank got nailed eventually though and paid a 10M penalty.
That's it in a nutshell.
The fact is, that to someone with Rush's wealth, 10K is "walking around money" when they are building a house, etc. as Rush was at the time.
Oh, he was building a house at the time? I would think that that fact would be included in the article that ABC ran, as well as whether or not the pattern of withdrawals continued to occur after the house was completed or before construction began. If the "structuring" occurred only during the construction of the house, it's obvious what the money was used for, not that it's anyone's business.