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 . . .

[Chancellor Palpatine]

*sigh*

He really will need to explain those kinds of cash withdrawals, in light of how they look.

[Principled]

He doesn't need to explain to me what he did with his own money. That would be his business IMO.

[leadpenny]

Agree.

[newcats]

It's not what he did with the money, it is going out of his way to 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?

[mewzilla]

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

[Lucky2]

This smells of a set up by the rat underground, nothing more. They have Rush in their cross hairs and want him bad.
I believe Rush's explanation and I hope that this again will slap mud of the face of the rat party.

[Hillary's Lovely Legs]

I have been investigating organized crime for 11 years. Money 'structuring' is a big tip off.

[Grig]

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

[muleskinner]

He proceeded based on the recommendation of his bank. They said if you want to do that, this is is the way to do it.

[WackyKat]

If it's done in such a manner as to deliberately avoid triggering bank reporting requirements, it certainly can be.

[Twinkie]

Probably because he is rich. A $10,000 withdrawal to
him is probably about like a $100 withdrawal for me.

[xrp]

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.

[leadpenny]

Like it or not, the law is in place. The figure of $10,000 is unimportant. As I understand it is just an arbitrary figure in order for the feds to look for illegal activity under RICO and other statutes. If I draw $10,001 out of an account to buy a car, it's reported and they probably couldn't care less.

[woofer2425]

What is money structureing?

[BibChr]

My very thought... except I'd have to say $10 !

(c;

Dan

[Chancellor Palpatine]

"Setup"? A setup is sending a hooker up to him in a bar and slipping him a mickey so that she can do things with him on film. A setup is having a minimum wage household drone plant drugs around for law enforcement or media to find.

A setup is not a multiyear habit of him buying large quantities of prescription opiates and misusing them.

[tbpiper]

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

How 'bout just to piss off the government?

[Ides of March]

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

And how many withdrawals have YOU made less than $10,000?

[Semper Paratus]

Classic 'money laundering' is taking money obtained illegaly and running it through a legitimate business where it comes out 'clean'.

Where is the 'money laundering' in what Rush did?
If you had a legitimate cash flow of over 200,000 a day your check register would look like his.