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 . . .

[KEVLAR]

The law is a stinker. End the wastefull WOD and the bad laws that go with it.

[RWG]

Who can believe a junkie?

[veronica]

If this thing were a real problem for Rush, his lawyers would never have let him discuss it on the air.

Trust me on that.

[Orangedog]

No you are wrong because any one of us would make the same consideration regarding how we withdraw money.

What?!

[Half Vast Conspiracy]

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.

That’s exactly why I never drive 54mph in a 55mph zone. It just attracts too much scrutiny.

[1Old Pro]

Peter Jennings once again proving how his hatred for conservatives totally influences his "news" stories. Did peter Jennings do a report on Ted Kennedy calling Blacks Neanderthals?

[chouli]

Most likely that is what Rush was doing with the money - his walking around money as I think he called it. It was up to the third party to "launder" it. He ought to have listened to the little bell in his head that rang when the bank told him he could safely withdrawal that much money in cash. That what debit and Visa debit/credit cards are for.

[jbstrick]

Well, you were addicted to a substance also. You tell us...

[sausageseller]

I left $500 in my jeans pocket one time and my wife about had a heart attack when she saw all those 20s flying around in the dryer. She was at a public laundrymat in a poor section of town. She told me she didn't wait around to fold the clothes. Threw everything in the basket and hauled butt!

[1Old Pro]

Money 'structuring' is a big tip off.

I withdraw $20 a day from by bank account at the ATM. Been doing this for decades. No wonder the Department of Treasury is on to me. I'm clearly avoiding the !0,000 withdrawal filings.

[RightOnline]

Forget that it's Rush. This whole thing is just stupid. Sure.........let's go waste time and public resources looking for a crime that wasn't really there. Yep. Sure as hell aren't enough real bad guys around. Nosirree..........let's harrass a guy that was hooked on LEGAL pain killers. His real problem.........he's a rich Conservative who has pissed off too many liberals. If he wasn't, none of this would be happening. It's that simple, and any here who deny it are liars.

[alnick]

If the Clintons were structuring money would you support them? If John Gotti was structuring money would you support him? If Martha Stewart was structuring money would you support her? Or would you wonder for what purposes they would be withdrawing $400,000 in increments just under the $10,000 reporting limit?

I would say fine, use the structuring excuse to take a closer look, but you have to come up with something or drop it. No one should be charged with a crime simply for withdrawing their own legally-earned money in a particular manner.

[Area51]

This appears to be an outright attempt by some Democrat party butt-kissers and Bill Clinton butt kissers who obviously do not like that Rush and a lot of us christians and conservatives here on FR have been calling their beloved political dieties to the carpet on their actions and policies and what they are looking to do is try to smear his good name and focre him off the air.

This is symbolic of the ongoing fight between christians and conservatives and liberals, progressives and moderates. Those who are trying to force our elected officials to do the right things versus those amongest us who simply do not like that we are addressing these issues with our elected officials.

ABC is one of those enemy news organizations. They are no friend of FR just as CBS, NBC, CNN and all the other establishment news media news organizations. ABC appears to be on a witch hunt because their beloved poltical dieties have been called to the carpet over the last several years.

These are the very same people that look at christians and conservatives as a clear and present danger to our country and the very communities we live in and these a**holes will not rest until each and every christian and conservative is dragged out of his or her house and off to re-education camps and given the choice of an attitude adjustment or forced lobottomization. There are some amongest that would like to see this happen.

That's why this battle for the hearts and minds of Americans is more than ever a battle we must win. That's why I cotniue to support and stand by Rush because without him and his ambition to take on these goverment beureaurats, we as conservaitves and christians are in even greater peril.

GO GET 'EM RUSH. SHOW THESE A**HOLES WHO'S BOSS!!!!!
Regards.


137 posted on 11/19/2003 10:34 AM PST by E.G.C.
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You shouldn't talk about OPHie like that. It's not easy being a troll!

[BlackbirdSST]

Last time I checked making cash withdrawls did not constitute money laundering.

Perhaps you should look again, you know, the whole WoD's thingy! Blackbird.

[alnick]

you don't legally purchase mass quanities of drugs without a prescription in the parking lots of Denny's and Amaco.

Neither you nor I know whether Rush did that either. So far what we have is an unsubstantiated accusation.

Maybe he did, maybe he didn't, but reasonable people will wait for the facts to come out before jumping to that conclusion.

[PBRSTREETGANG]

Most likely that is what Rush was doing with the money...

"Most likely" doesn't get you there. The number of people around here willing to convict on "most likely" is disheartening.

[Pkeel]

Sad part is it is very easy to launder money and never get noticed. Open a business and deposit your illegal money into it. Pay some taxes and it is now free and clear.

What I want to know is. When people with secret accounts die, who gets the money.

[Hillary's Lovely Legs]

When you do millions in remodelling, do you pay in cash? And if the contractor asks for cash only, that should send up red flags.

Again, if that's Rush's new story, then Rush would be aiding laundering of his contractors.

So I guess he paid for his illegal drugs with check and credit card.

[Republican Red]

I was in the car listening to Rush's explanation. None of what he said appears to have been heard by many posters on this thread.

Newsmax had a pretty good synopsis:

http://newsmax.com/archives/ic/2003/11/19/125135.shtml
(excerpt)
The bogus report claimed the top talker had a pattern of withdrawing cash just below the federal reporting limit of $10,000, which is a red flag for drug and money laundering investigators.

But Limbaugh told his audience that when he came to New York in 1988, bankers from U.S. Trust solicited his business by promising he would not have to wait on long teller lines in the private banking area.

"If I needed cash, they'd bring it to me," the talker said he was told. "They had somebody bonded and they'd simply bring it to my office."

Instead of a reported 30 or 40 transactions made in New York, Limbaugh said he took advantage of the bank's cash courier "maybe four times, if that many." He says he was told that if he kept the withdrawals under $10,000, it would minimize paperwork and expedite the process.

"And so, that's what I did," Limbaugh explained.

Far from being any kind of drug slush fund, the conservative host said he withdrew the money from the same account his EIB paychecks were deposited in. What's more, he said the withdrawals had nothing to do with bankrolling his addiction to painkillers.

"The cash in question here - most of it had to do with a two-and-a-half year remodel we did to the home in Palm Beach," he said. Limbaugh said he also applied some of the cash to everyday expenses like food, travel and gratuities.

In early 2001, he said, investigators with the Federal Reserve contacted him in connection with an investigation into U.S. Trust's cash withdrawal policy.

"The government was investigating U.S. Trust because the bank had apparently told many other of their clients that their cash withdrawals should be in amounts of less than $10,000," Limbaugh explained. "Shortly after they met with me U.S. Trust admitted to this, paid a $10 million fine and that's it," he said. "From that moment on, every cash withdrawal I've made has been for over $10,000."

[cwb]

This is the key. The Democrats are in desparate strights and are pulling out all stops. The sad thing is, this is just an extension of the Clinton Crime Syndicate that started back in the Arkansas days. And while Clinton may be on the sidelines, his surrogates all over the place. With the formation of these new semi-PACS, run by ex-Clinton administrators (Podestta/Ickeys) and being financed by Soros and Lewis, the Democrats have a wealth of funding flowing into to their coffers.

With so much money available, the Democrats have hired some of the most ruthless PIs from around the country to look into people's past. Just look at the scum, Pellicano, and how his MO with that reporter mirrored the tactics done to Wiley. I am sure these guys still have IGI employees (Pallidino/Lenzer & Co.) all over the place digging into everyone's backgrounds.

As Morris pointed out as well, the Clinton's have their job cut out for them if Dean wins. The Clinton's hold over the DNC and slush-funds is precarious, with McAwful getting the boot if Dean is the victor. These guys are fighting a multi-front war for survival...but are being well-funded by the different elements within extreme Left. Things are going to get real nasty. People's lives are on the line.