Posted on 05/29/2004 6:45:11 AM PDT by billorites
Post 5's tagline. I prayed and I acknowledged the prayer.
That is absurd. Even if Rush deliberately structured withdrawals to avoid scrutiny, it's not money laundering. Money can only be "laundered" if it's illegally obtained in the first place. Rush makes ~$30 million a year. His money is already clean.
"That is absurd. Even if Rush deliberately structured withdrawals to avoid scrutiny, it's not money laundering. Money can only be "laundered" if it's illegally obtained in the first place."
Even if ??? Lets dispense with the "even if " ...-
http://www.cbsnews.com/stories/2003/11/19/entertainment/main584581.shtml
"There was a $10,000 reporting requirement and they said if you keep it under that, then nobody has to file any paperwork ... and so that's what I did," Limbaugh said.
http://www4.law.cornell.edu/uscode/31/5324.html
Sec. 5324. - Structuring transactions to evade reporting requirement prohibited
No person shall, for the purpose of evading the reporting requirements of section 5313(a) or 5325 or any regulation prescribed under any such section, (snip) structure or assist in structuring, or attempt to structure or assist in structuring, any transaction with one or more domestic financial institutions.
Under what general heading would you prefer that this crime be under ?
First, I deny that this is a crime in anything resembling a free society.
And secondly, I think "structuring transactions to evade reporting requirements" is adequately descriptive. Calling it money laundering is a deliberate deception and is just as inaccurate as putting it under the "general heading" of rape or arson.
"First, I deny that this is a crime in anything resembling a free society."
... Hmm... how cute should I be here ?... "denial is not just a river in Egypt" ? " When did I say that we live in a free society" ? How about simply -
So ?
Welcome to the real world.
" I think "structuring transactions to evade reporting requirements" is adequately descriptive."
But not catchy enough for the media ...
Since he was being investigated for withdrawing the cash to buy drugs, and his lawyer says that the money was used for the furtherance of illegal activities ( paying blackmail ), and the laws were enacted under the general heading of money laudering, I think it fits.
If he were actually persued and convicted of this, it would be said that he was quilty of breaking a law enacted to fight money laundering.
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