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To: Sloth

"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 ?


43 posted on 05/30/2004 10:51:22 AM PDT by RS (Just because they're out to get him doesn't mean he's not guilty)
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To: RS
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.

44 posted on 05/30/2004 10:56:12 AM PDT by Sloth (We cannot defeat foreign enemies of the Constitution if we yield to the domestic ones.)
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