Rush Limbaugh attacks ABC News investigation

[mumon]

http://worldnetdaily.com/news/article.asp?ARTICLE_ID=35700


"I was not laundering money. I was withdrawing money for crying out loud," he said.

Limbaugh says US Trust had suggested to him and other customers that cash withdrawals be made in amounts less than $10,000, so the bank would avoid the federal paperwork, and there was no other reason. He also denied the allegation of 30 to 40 withdrawals, saying it was perhaps four or five at the most.

US Trust paid a $10 million fine in 2001 for urging customers to avoid the $10,000 threshold.

"The account that I have is the account that I pay bills out of," Limbaugh said, citing expenses for travel, food, gratuities and a home remodeling project


Apparently a) he hasn't read the statute, and b) the arrogant jerk is not listening to his lawyer; all the Feds & state officals have to do NOW is go through the moron's expenses!

[OutlookDim]

1. I don't listen to Limbaugh

but if he was withdrawing money from his own account and doing so in amounts less than $10K to avoid the required federal notification and paperwork associated with it then no law has been broken.

I bought a car several years back for a little over $10K and wanted to pay in cash. The dealership told me to pay $9,900 in cash and use my credit card or a cashiers check for the remaining difference to avoid the required paperwork with a transaction over $10K.

[Timefortruth]

9. Since it was a series of withdraws made to avoid

the reporting requirement and to be used for crimes he still would be in a heap of trouble (thankfully for Rush the US AG does not enforce laws against the politically powerful). This situation was contemplated when the law was drafted.

[Frodo]

28. It depends on who "structured" the transaction

It is usually a felony (3) to structure a transaction to avoid the reporting requirements. But the question is "who" structured the transaction and why.

The reporting seems to indicate that the bank knew it was outside the law and wanted to avoid the filing and was asking their custoemrs to depost or withdraw less to avoid paperwork. That doesn't necessarily mean limbo man broke the law. His defense would just be that he didn't structure the transaction attempting to avoid reporting... the BANK did.

[Timefortruth]

36. You may be absolutely correct,

but won’t that be an issue of fact for the jury? Rush made that exact argument on the air today, but the problem confronting Rush is that he made the withdrawals in the way he did to conceal a criminal enterprise, the bank assisted in Rush’s crime when it permitted the transactions, but Rush wanted to avoid the reporting requirements. If they worked together to get that done the responsibility doesn't shift away from Rush but is simply shared by Rush and the bank.

There is aparently a mountain of evidence that Rush used the money for drugs, so I don't think he would be able to shift the blame to the bank. If he was using it for tips, that would be another matter.

Rush is just damn lucky that Ashcroft doesn't enforce the laws against people he likes.

[Frodo]

43. Not usually.

It isn't an issue of fact for a jury unless it comes before a jury. If it's part of a larger case (drug trafficing, etc) it could come in.

But it won't become an issue in and of itself or you would have read about the dozens of prosecutions of other customers hit with the same thing. The statute is usually after CUSTOMERS who structure their transactions to avoid the BANK noticing that paperwork needs to be filed. This part of the puzzle seems more aimed at the financial institution. (BTW, there are also severe cash penalties for the individual bank EMPLOYEE who fails to file the CTR/SAR knowing that it should be done.

It isn't illegal to withdraw lots of cash. It's just the paper work used to track cash flows to identify potential money-laundering (& terrorism funding).

He shouldn't have much problem shifting blame to the bank since they did it LOTS of times. A ten million dollar fine involves probably thousands of CTR/SAR reports.

[loudnclear]

48. Isn't this the same thing they went after New England banks for? Drug

money laundering?

[ender]

38. the bank didnt structure it.

limbaugh tried to avoid the reporting req's by flying under the tripwire by $100.

christ, he'd have been better off withdrawing $300,000 and saying he was going off to vegas.

[Maeve]

10. Read the statute

http://trac.syr.edu/laws/18USC1956.html

If he was doing it as part of an illegal activity, laws were, indeed, broken.

Also note: "(ii) to avoid a transaction reporting requirement under State or Federal law"

[roughsatori]

21. Hey you've already been tombstoned: RIP NT

[rocktivity]

30. But you and the dealer have a RECORD OF that $9900 in cash

You have a receipt (as well as the car) to show what you spent it on. If Rush made those withdrawals in order to pay a drug dealer (by "loaning" it to his housekeeper--yeah, right), and no taxes were paid on the transaction (even illegal profits are taxable--ask Al Capone), then he broke the law.

There's also a little matter of what he did with the rest of the pills. With Bush '04 desparate for election funds, maybe they were used for ANOTHER kind of money laundering!


rocknation

[The Zanti Regent]

69. Doesn't matter, he'll be let off the hook!

The MAGIC (R)™ will protect him!

[Pattib]

73. Are you sure about that? You seem to like sticking up for Bush a lot. Dem?

or Dim? As you id states? Just wondering.

[Romberry]

82. The dealer is guilty of a felony

So are you. I was in the car biz and what this dealer did was absolutely illegal. Dunno what the statute of limitations is but if I were you I would not go around admitting to this.

[Gman]

2. I thought I heard him say he did make 30 or 40 withdrawals

but, if memory serves me correctly, in the preceding sentence(s), he made mention of ABC saying 30 or 40 withdrawals and how the ABC story was a lie. Then he went on and mentioned (I believe) 30 withdrawals.

You had to catch it. He's very good at mincing words and sending you down a path away from something else.

Anyone else catch it? Did I hear it correctly?

[Skip Intro]

3. So he wrote checks for the drugs then?

Or maybe the dealers took Amercian Express? That is the one to use when you're planning a "trip" right?

He's going to go down in flames, I think. Blaming everyone for his troubles but himself. Typical right winger.

[Scott Lee]

12. Even the rightwing whore media (surprise) is still covering for him

I read a bit on him last night on MSNBC, describing his drug problem. Just about every phrase was in the passive voice as if this was all done to him.

The stupid son of a bitch did it to himself. But don't tell the major media - the Monday morning memos already went out and Rushbo will not be maligned.

[maddezmom]

40. guess he never heard of a checkbook.

n/t

[Timefortruth]

4. He did pay bills out of it.

He paid his housekeeper.

This is sort of a no brainer, in the emails he sent her he talked about how he can't go to the bank all the time. She complained that she had already loaned him too much.

Assuming that those emails can be verified, and I bet you a dollar they can be, it is a slam dunk. He should not have gone back on the air with his big mouth while he was still under criminal investigation.

How long until Roy Black resigns?

[mac56]

8. I bet Roy Black is cringing now.

Should have told Limbaugh to STFU about all this.

[sasquatch]

5. Poor Pigman

Soon him and the BCF will be in the same prison.:nopity: The BCF will shun him in the joint and Pigman will be passed around for a pack of cigs'.:hurts: Maybe his army of shittoeheads should send him some KY Jelly:evilgrin:

[Racenut20]

11. Not me I'd be afraid I would get that boil and not be draft elegible. heh

[Wickerman]

6. I am always honest with you

unless, of course, its about addiction and the areas of my life it affects (all).

:eyes:

[SpiralHawk]

7. Oh, what a tangled web we weave

When we practice to deceive.

[StClone]

13. Rush... keep tell'n like it ain't fella

Living a lie is why you got high in the first place Big Boy.

[oscar111]

19. SPONSORS and lnks to other forum threads on this

Limbaugh Advertisers
http://www.takebackthemedia.com/rushbusted.html Changed:4:01 PM on Wednesday, February 26, 2003
 
The media forum is beginning a thread on this... title is something like...
LIMBAUGH, JUST FOUND THIS...
posted about wed nov. 19 morning.

A monster thread.. the very first ... was begun about eleven forty eight pm, tues nov eighteen, in the breaking news column. about forty replies, still going on last i looked.

DU LOUNGE .. saw title..lost sight of it .. title was copy of the very first news column title, with LAUNDERING in it, i think.

SKIP thread, media forum.. "hit rush where it hurts" about a form to talk to his advertisers en masse... seems form is screened by rush site, and goes into dumpster.

[Champion Jack]

20. Yeah but,

<satire> He's cured! </satire>

[Gasolinedream]

14. I heard the moron briefly...

He kept talking about it. It seems to me like he could have squashed it all quickly, but he kept wanting to protest his innocence and he sounded very defensive.

You know what I caught though that was funny--He made fun of the claims that there would be a hundred thousand protesters, "only 200, that's right 200 people showed up." Ummm, Isn't the giant protest tomorrow??? Second, How often are there 200 protesters in the area when one of our Presidents visits a foreign nation???????????????? I don't recall any for Clinton? Shrub Senior, or Reagan. Was there???

[underpants]

16. He is a moron if he is talking about an ongoing investigation on the air

I can see his lawyers scrambling like heel to call and tel him to shut the **** up only to hit his screening mechanism that keeps the bad people away.

[kanrok]

15. Geez

sounds like those anal cysts are going to come back to haunt him pretty soon.

[saigon68]

27. I thought that was a "BOIL" on his ass.

I thought the "BOIL" on his ass made him 4-F and unavailable for the "Great Adventure", in South-Esast Asia.

[GregW]

34. It was a pilonidal cyst

I think he got it after his asshole transplant ... after the asshole rejected him.

[jus_the_facts]

41. LOL and he's fallin' through his asshole and hanging himself now too!

[TacticalPeek]

44. ROFLMAO!

[RUMMYisFROSTED]

56. Good one.

[Jacobin]

62. LOL.

[KansDem]

17. So when does his wealth/assets get seized?

I thought law enforcement officials seize the monies of those involved in suspected drug dealings.

[0rganism]

92. That only happens to normals suspected of breaking the normal law

Because Rush is a wealthy republican icon, he is above the law.

[DancingBear]

18. Just living up to (our) expectations

Did we expect PigBoy to do anything except overreach? Remember, this is a man absolutely in love with the sound of his own voice and all the trappings it brings him. The three days he has been back on the air proves to everyone that he has learned nothing from his rehab, or else we would have seen a pronounced change in behavior. Instead, what we got was Limbaugh 2.0, an even more dysfunctional version of 1.0.

I truly believe that this is one seriously sick son of a bitch, physically, mentally, emotionally, you name it. He carries some type of weird perceived invincibilty with him when he gets behind the microphone, and he makes idiot statements like the ones today, easily "disproveable" by simple tasks like talking to his housekeeper or checking his expense records. Roy Black will earn every dollar trying to right this ship.

BTW, anyone hear him today railing against gay marriage? If he keeps it up someone is gonna spills the beans.

Paging the lovely Marta....

[oscar111]

22. FOOD STAMPS in rush's past? future?

Pls verify.. wasn't rush on food stamps early in his foul life?

Has he railed explicitly against that dem program?

After his release from prison thirty years from now, will he go back on food stamps?

Put your order in now, for advance purchase of
THE PRISON DIARIES OF RUSH LIMBAUGH

[SaintLouisBlues]

25. Yes, he was on food stamps

From what I remember, he was an unemployed potato-chip route salesman in Kansas City. His then neighbors reported that he was too lazy to mow his grass, while laying-about collecting unemployment.

[bushisanidiot]

23. Wah, wah, wah.. Poor Boil A$$. He got caught, now he has to pay

just like the other busted drug users.

Rot in jail, pig.

[bucknaked]

24. $9900 in cash for bills, travel, food, gratuities,etc?

Oh, c'mon!

Ever heard of a check book? Cashiers checks? Travelers checks (er, cheques :) )? How about an American Express card?

Who the hell walks around with near 99 $100 bills in their pocket for petty cash anyway?

[FredScuttle]

39. I can believe it for his food expenses, at least

those falafel and hot dog vendors are cash only. I bet he kept half of them in NYC in business all by himself.

[wabeewoman]

89. Of course, he would have receipts

if he was using that money for business expenses or otherwise he'd use checks to keep a record. He certainly wouldn't pay any more income tax than necessary. The funny part is he is so used to lying and getting away with it, I really don't think he gets the difference here and figures he will get away with this.

[johnfunk]

26. I'm trying to stop the fits of laughter Rushbo's whining has induced!

Can you blame me? El Pigbo OxyConto Grande attacking The John-Stossel-'n'-Jackass-Judd Network?

<pulled side muscle>It's just too funny!</pulled side muscle>

[tom_paine]

29. Lies and the Lying Liars Who Tell Them

He needs detox for his compulsive lying.

[catmandu57]

31. Someone que bubba

and the boys, fresh fish coming on board.

[BringEmOn]

32. I was not laundering money!

[smallprint]

33. BWAAAAAAAAAA

HAHAHAHAHAHA!!!!!

Nice one BringEmOn!!!


:bounce:

[tableturner]

35. Ilegality explained....

I posted this on another thread. The illegality centers around a person withdrawing large amounts of money in increments of under $10,000 with the express purpose of helping the drug dealer avoid paying taxes on his income. He can take, and could have taken, an infinite number of withdrawals of his money without breaking the law if he had innocently used the money in small increments, without the purposeful act of helping the receiver of the funds avoid paying taxes on the income derived from the funds. In other words, if you, while paying for large quantities of illegal drugs, use large sums of cash, which of course you would do, even cash that you have previously and correctly reported as taxable income, so that the nature of the drug transactions remain hidden, whether from the aspect of hiding your own involvement in buying drugs, and/or from the aspect of doing this with the goal of not exposing the dealer as a dealer of drugs (and of course your goal would be to hide the exposition of both sides of the transaction as an illegal drug transaction because if the dealer is exposed as a supplier to you of illegal drugs, you are also caught as a buyer of them), then you are breaking the law. Why do people not pay for illegal drugs with a check? Because if one does so, not only can the buyer be exposed as an illegal drug buyer, but the seller can be exposed as an illegal seller, plus, of course, the seller cannot report such income without risking being exposed as an illegal drug seller, and your actions help him in that regard. Thus, those acts constitute money laundering, and you are knowingly complicit in those acts. You want the seller to avoid taxes not because you care about how much the seller pays in taxes, but because you don't want him exposed as an illegal drug seller, which would expose you as an illegal drug buyer. It does not matter why you want the illegal transaction to be kept secret, if you are helping the seller hide the income via the use of cash, you have broken the law. Your act of using cash protects the dealer from the IRS, which also protects you from being exposed as an illegal drug buyer. If you use large sums of money that you have reported as taxable income to go to lawful businesses and buy goods in a manner that is documented (for instance, rung up via a cash register), and thus accounted for relative to taxable income calculation and reporting, you are not breaking the law.

[kentuck]

72. Half his brain was tied behind his back and he had to go to the Mayo...

Clinic and get it re-situated back to its normal location...

[FredScuttle]

37. Cha-CHUNG!!!

What I wouldn't give to have Lenny Briscoe slap the cuffs on El Pigbo while tossing off some bon mot like "Now you can withdraw pennies at Sing Sing"

Law & Order!

[0007]

42. I know who's behine this, I know where this is coming from...

according to Mr.Limbaugh. Is Rush trying to tell us, Donovan NcNabb is the guilty party getting even for racial remarks? NcNabb does have big time ties with ABC. LOL!!

[Wickerman]

55. Hmm, paranoia, extended drug abuse - connection?

I'd say so. What a maroon.

[Dr Fate]

45. "The needle and the damage done"

Ever heard of a credit card or a CHECKBOOK Rush?

Yeah- you needed THOUSANDS and THOUSANDS in CASH to pay bills???

Please- Mabey once yuo are honest w/ yourself, you can be honest w/ yuor listeners...

[Adenoid_Hynkel]

46. don't worry, rush is safe,thanks to MJ

any further attempts by the media to dig into the goldmine of cystass's life will be stopped as the networks will be devoted to 24/7 michael jackson coverage and scoops and all resources will be shifted to that effort.

[TacticalPeek]

47. Flush Limpballs, Narco-terrorist.

DEA, where are you? Oh, I see; this little fish swims away so you can get the big ones.

Riiiight.

[monobrau]

49. "perhaps four or five "

There you go. That will be easy to confirm. He either lied today, while clean and sober, or he didn't.
IT's either 4 or 5, or the dittoheads have to fess up to being suckers.

[Enraged_Ape]

54. He said it was $300,000. Divide that by "four or five"...

and you end up with a lot more than $9,900, which he also admits was the amount of each withdrawal. Not that I would expect any dittoheads to actually DO fourth-grade math.

I really, really hope some district attorney somewhere recorded this.

[BuckeFushe]

50. Transcript addressing his "speech", uh excuse, uh bullshit

Wonder if Rush understands wire transfers or internet banking?


Rush Transcript from his 11/19/03 show:

Quote:
RUSH: There is something I can respond to that happened on ABC News last night. Now, I know where this is coming from. I can't tell you that. But I can tell you that I understand exactly what's going on, and if you put your thinking caps on, you might, too.

The story on ABC News, World News Tonight last night was that there is a money laundering investigation of me that is underway. Let me say here at the top of the program, ladies and gentlemen, that I have never, I have not laundered any money. I want to give you the truth of the story that was sketchily passed on last night, and as I say I know where it came from, I know who's behind it, and I know what its intent is, and you must understand, and I've been saying this since the Friday before I left, a lot of things that people think they know that are not true, think they know that they don't know, and the time will come soon where all this can be explained but for now I have to hold it in check. But I can address this money laundering business that ABC ran last night and a couple of New York newspapers have picked up.

A few years ago, when I moved to New York, I went to CitiBank, the first place I went, and they had a so-called private banking area, and we were on 54th and 6th, the old ABC building, and this thing was right around the corner. The private banking area had a line every time I went to it, and so I did that, I went for a while, that's how my banking experience everywhere else was, there was a line, and the super-secret special whatever section of the bank only had three tellers and everybody else had nine or ten, so the place that was supposedly special had three tellers, the other place that wasn't special had ten. I went in line and as I lived in New York I met some people and I said, you start talking life and things and they said, well, you need to go to U.S. Trust and they set me up a meeting at U.S. Trust. I was referred to that bank, and when I met with them, they made a pitch to me about their services. They pitched all their services that they provide in the wealth management in the private banking division. In the course of their meeting with me they explained that I would never have to stand in line again, if I needed cash, they'd bring it to me. They had somebody bonded that would bring it to the office and I did that two or three times, two or three times when I couldn't get to the bank myself, I had somebody bring it over, signed the paper when they came and they left. It didn't happen every time I got cash.

It happened, I don't know, two or three, four or five, whatever, it wasn't very many, it's being reported in the paper it was every time I got cash somebody from the bank snuck over under the cover of darkness to my building, and made the transaction. It was nothing at all like that. It was a convenience that they offered to all of their customers. It's not a traditional bank in that sense. And at this time when they were pitching their services to me, they told me that when I was going to withdraw cash, keep it under $10,000 so they wouldn't have to report anything to the government. 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 forth and so on, meaning them at the bank, and so that's what I did. Any time I got cash from the bank, I made sure it was less than $10,000. I opened up some accounts, and the account that I have is the account that I receive the money that I am owed for the work I do here in the EIB Network. It's the account that I paid bills out of. It's just like yours or anybody else's.

The cash was in question here, most of it had to do with the two-and-a-half-year remodel we did for the home in Palm Beach. In fact, most of the money was not even withdrawn here in New York. I don't live in New York. And throughout most of this period that's in question, I have not lived in New York. So just one of the many areas, the money was for travel, it was for food, it was for gratuities, as I was out and about and playing a lot of golf tournaments as you know building the house. I think the total amount of money they're talking about here comes to about $300,000 over five or six years. It's a lot of money, but given the amount of money I earn and so forth, it's pretty much in proportion with, you know, what anybody else earns in terms of the percentage of walking-around money and cash that they use for things.

Sometime in the spring of 2001, I was down in Florida at work, and I got an e-mail or something that some officer of the Federal Reserve had been knocking on the front door of my apartment building in New York. And I didn't know what that was about, because they showed up when I was on the air, and somebody showed up down at Florida at the same time, and what ended up happening was they wanted to interview me as a witness in an investigation they were doing relating to the bank, U.S. Trust. So I contacted them, I sat down, and I answered every question that they had. The government and New York state 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. I was one of the last people they talked to, and they met I guess a couple people after me. I'm not really sure. But shortly after I met with them, U.S. Trust admitted to this and paid a $10 million fine, and that's it. I don't know how many other customers they had advised to do this, but there were enough that they incurred a $10 million fine, agreed to it, and that's what was going on here, folks. I mean, the bank advised all of their customers to just keep the cash withdrawals under $10,000. When I was told what this was and how it was being interpreted, from that moment on, every cash withdrawal I've made has been for over $10,000. I complied with every request that was made of me, and I cooperated fully with their investigation. The clients complied with what they were asked to do by the bank without knowing there was anything wrong with it. The bank agreed to create the training in compliance program so not to have this problem. As I say, once I met with the officials from the Treasury, Federal Reserve or whatever it was, they told me the bank was in the wrong and others said the same thing, I stopped taking withdrawals in amounts of less than $10,000.

Now I know, and that's the story. And I know where this is all coming from, and I know why it's being done, and I know why it's being reported the way it is, it's being reported to create a picture that is false. This is not a leak, by the way, this is the purposeful release of false information. I'm having to restrain myself here at the same time because I would love to explain all of this, and that day will come sooner rather than later. Again, the things that everybody thinks they know are partial, there is a lot that the people who think they know it all don't know, mostly people in the media and even others. And the day will come where I will be able to sit down and take everybody through it from the beginning to the present. And it'll put things in perspective and change a lot of perceptions.

I checked the e-mail during the break. "Rush, don't let these people get to you." Folks, let me tell you something. This is not getting to me. I've been telling you this since I got back. There are other people who are alarmed by this and that's one of the reasons I have to set the record straight. I'm not bothered by it because I know what the truth is, I and my team know what the truth is. I'm feeling very good about this. It's just a matter of time before it can be shared. I'm mentioning all this to you so that, really, the e-mails are coming in, "Rush, I can't believe what they're doing to you." It's the territory, folks, and it's just the way it is, but please, you know, understand that everything is cool and it will all be revealed as soon as it can, sooner that later. Trust me.

COMMERCIAL BREAK

I've been told that I was confusing when I explained something about this money laundering story. Straighten this out. I was not laundering money. I was withdrawing money, for crying out loud. But the point that I need to clarify is the stories say that there are 30 to 40 withdrawals under $10,000, that they were delivered to me at my New York office. What I thought I said was that maybe four times, if that many, the bank brought cash to me in my office in New York. I live in Florida. When I went to get cash, I took a check to the bank, I went to the bank officer, I said here's my check, and they gave me the cash. There were witnesses to this! There may be, you know, $300,000 in question. The stories in the paper today and on ABC last night were what are confusing. They led you to believe, if you believe the story, and you shouldn't, that the bank was delivering, you know, three or four hundred thousand dollars to me in, you know, $9,000 increments at a time to my office. That happened once or twice because it was a hassle. I mean they said they would do it, but it was more trouble than it was worth. Besides I moved to Florida shortly after that, went to the bank down there and withdrew the money by virtue of writing a check. Like everybody else does. Pure and simple.

So if there's any confusion, I'm happy to clarify it one more time. And, again, there wasn't any money laundering going on, and I know where the story comes from, I know who's behind it, and I know what the purpose of the story is, and I'll be able to tell you at some point.

END TRANSCRIPT

[Enraged_Ape]

51. $9,900 CASH is "walking around money"?

Pardon me while I LMFAO!!!

And all this time, I thought that was his rear end. It's his wallet!

[LiberalFighter]

53. Cash for remodeling??

Since when does anyone with common sense pay in cash for major remodeling?? Was there a contract? If there wasn't a contract for the remodeling then what happens if the contractor does not provide the services?

[Wickerman]

57. if you use illegals to do the remodeling...

best to pay in cash.

[Enraged_Ape]

59. If he was using illegals...

he wouldn't be paying them $300,000.

[Wickerman]

63. correct

it was a joke, obviously he spent it on oxycontin

[Enraged_Ape]

64. For $300,000 I think he paneled the walls of his house...

with Oxycontin tablets.

[Wickerman]

68. either that

or his housekeeper was extorting the crap out of him and stomping him for her cut in a huge mark-up.

[truthisfreedom]

85. one thing that rush is forgetting... remodelers paid with CASH avoid TAXES

regularly. i've worked with painters and contractors who have suggested that if i am willing to pay them in CASH, i can get a "deal." these guys sometimes have plenty of work and get tired of being in such a high tax bracket, so they cheat. if rush HELPED them cheat the tax system by paying in CASH, he conspired to break FEDERAL LAW.

[Wickerman]

66. dupe

server delay, double post

[loudnclear]

70. I'm not a millionaire...but I don't pay for re-modeling in cash.

Who believe this story? If he was paying in cash he probably broke another law. i think his attorneys need to get him off the air.

[KAZ]

83. Boy, I hate to post this, but I did the same thing.

1/10th the amount of Rush, but the contractor gave me a 10% discount if payed in cash. I assume he was trying to avoid taxes, but that's only an assumption (for any Feds monitoring). You split the jobs up and pay a portion when completed. BUT, I'm still not buying Rush's BS. What the heck would he care about a small percentage saving on remod work.

[Tansy_Gold]

58. $300,000 remodeling -- in cash?? I don't think so.

Legitimate contractors would be paid with checks, and they would be paid with checks drawn on any bank, including the bank in NYC; the regulations regarding the $10,000 maximum apply to DEPOSITS as well as withdrawals.

More than likely, this fat dipshit has an accountant or business manager who would handle things like that, if they were legitimate. Going to the bank and personally withdrawing $300,000 in cash in installments of $9,900 or less is a complete fabrication, a total falsehood, a big fat fucking lie.



Tansy Gold, who is very proud of the fact that she has NEVER listened to this piece of rotting offal.

[Dr Fate]

65. he was "remodelling" his consciousness with mind-numbing NARCOTICS

!!!!

[RUMMYisFROSTED]

60. Let's see...

Again, the things that everybody thinks they know are partial, there is a lot that the people who think they know it all don't know, mostly people in the media and even others. And the day will come where I will be able to sit down and take everybody through it from the beginning to the present. And it'll put things in perspective and change a lot of perceptions.


Weren't these nearly his exact words right before he went off to rehab?


Maybe he has another vacation planned? :shrug:

[ender]

61. this oughtta be good...

there is no way in hell that a bank is going to lay down and take this for him.

[susu369]

78. Exactly, there is absolutely no bank that would

illegally advise Rush to avoid the $10,000.00 Currency Transaction Report (which goes to the IRS - hello???).

When he says: "US Trust had suggested to him and other customers that cash withdrawals be made in amounts less than $10,000, so the bank would avoid the federal paperwork.." the man is speaking with a forked tongue.

Just a matter of time...his lies are getting wa-a-a-y too extreme.

Of course, bu$h* calls him a "National Treasure."

[Dr Fate]

67. Tell us that other story about "The 3 Bears" -that one is much better

Let's see, there was a Mamma, Papa and Baby Bear- and I think there was some hot bleach-blonde in a mini-skirt too...

Much more believable in any case...

[rocktivity]

75. Pop go the weasels!

"...I need to clarify...the stories...that there are 30 to 40 withdrawals under $10,000, that they were delivered to me at my New York office...Maybe four times, if that many, the bank brought cash to me in my office in New York...I live in Florida. When I went to get cash...I said here's my check, and they gave me the cash...There may be, you know, $300,000 in question."

From ABC News: Money Matters
Authorities say they became aware two years ago, during an investigation of New York bank US Trust, that Limbaugh had taken between 30 and 40 cash withdrawals from his account in amounts just under $10,000.

"Weasel" is an advertising term for those slippery, slimy little phrases that don't really say what they seem to. The article doesn't say a thing about all of the money being taken from or delivered to him in New York. Even if it did, it only stands to reason that the New York branch of the bank would have records of the withdrawls made in Florida, and vice versa.

What Rush is really trying to do here is drown out those additional withdrawals with moral indignation at being "slandered"--he knows exactly what the withdrawals imply. But when you divide roughly three hundred thousand dollars by roughly 35 withdrawls, you DO get roughly less than ten thousand dollars!


rocknation

[BiggJawn]

52. "Food, Gratuities, Oxycontin..."

Y'know, the USUAL household shit....

[loudnclear]

71. One thing, how can Rush pretend to identify with the "average American?"

With 9,000 pocket money, and $300,000 cash for "re-modeling"...who belives this story and why do dittoheads continue to think this sleazeball is "one of them?" His pocket money equals most of their Federal taxes for last year. Drive the point home folks!

[nixonwasbetterthanW]

74. absurd obfuscation and diversion

So Rush's beef with ABC is that even though it was CORRECT in reporting the $300K total figure of $9,900 cash-outs, it was wrong in saying that each time there was a withdrawal, the money was personally delivered to him.

So what? It's a distinction without a difference.

[Polemonium]

76. Damn expensive drug habit EOM

Ha ha ha ha ha :beer: haa hhaaa ha hhaaaa ha

[tableturner]

80. Rush is addressing the wrong issue

He is not being accused of laundering his own money. In other words, it is okay to take many $9,900.00 sums out of FUNDS DECLARED TO THE IRS, and I am sure his funds are declared to the IRS, and then spend it in a declared way, for instance via a recorded cash register transaction or one in which a company invoices the transaction. Such a manner of spending cash does not deprive the government of knowing the payee is receiving the funds. Therefore, the payer is not helping the payee keep the income a secret and therefore the payer is not complicit in the payee's laundering the payee's money for tax evasion purposes (and there are also other purposes, but that does not matter). But Rush did not spend his money via such a recorded and reported transaction (via the payee's filing with the IRS, a filing that is a derivative of a duly accounted profit and loss statement).

Here is the important quote: "I was not laundering money. I was withdrawing money, for crying out loud." Making such a statement, he was addressing the question of whether or not he was laundering his own money. In other words, he was in effect saying "I openly withdrew declared earnings, I am not laundering my money". Fine, but that is not the question.

He IS being accused of helping the drug dealer launder THE DRUG DEALER'S MONEY by paying cash in a way that could be handled by the drug dealer in an undeclared manner, in an effort by the dealer to keep his income secret and to hide the fact that he was a drug dealer. Thus, in Rush's doing it that way, the IRS would not find out how much money the drug dealer took in from Rush. Therefore, he was helping the drug dealer hide his income by paying him cash via sums of money, the sums of which were specified to avoid reporting to the government. Rush knew, and all illegal drug buyers know, that doing it in that manner, in addition to hiding the fact that he was buying illegal drugs (and that may be his major motivation), he also knew that using cash allows the seller to hide his income. It does not matter that the major motivation of the buyer is to hide his own purchase of illegal drugs. It DOES matter that the buyer knows he is also helping the seller hide the income.

Rush is not addressing that and is purposely framing the question wrongly.

Edited for spelling and consistent tense usage.

[BuckeFushe]

81. no matter how he shakes it, he's avoiding responsibility

and he will NEVER kick his drug habit. But, as we are all aware, Retyhuglicans love to avoid responsibility and blame someone else. I tried to explain what you did today to the Thugs on Hannity's board, and they just parrotted Rushblo's excuse.

I think I'll go make massive cash withdrawals, buy drugs, and see if I can use the Rush defense as they lead me away in chains.

[Junkdrawer]

77. That man has a karmic debt that staggers the imagination...

"Or would you know," pursued the Ghost, "the weight and length of the strong coil you bear yourself? It was full as heavy and as long as this, seven Christmas Eves ago. You have laboured on it, since. It is a ponderous chain!"

[BuckeFushe]

79. Wire transfer/internet banking/ATM too difficult for Rush to understand

what a tool.

[Changenow]

84. Amen to that!

He'd have to start now, but he can't, it is ugly.

[0rganism]

93. Don't try to explain karmic debt to wealthy republicans

They'll gnaw your ear off trying to discover if they can use the accumulated interest as a tax writeoff.

[RobinA]

86. Well, I Hate Rush

as much as the next liberal, but as a card carrying member, I find it more than a little disturbing that the government is sniffing around a guy's bank account wanting to know what he's doing with his money.

If they want to arrest him with a pocket full of unprescribed Oxys, that's one thing (although I favor complete drug legalization, and if someone wants to be addicted to opiates that's his business), but if they can do this to him, they can look at everybody's business, donations to the CP and funds to aid the liberation of Palestine included.

[BuckeFushe]

87. I think they are getting ready to offer him a package

Take the hit for illegal drug purchases or we get you for trafficking and money laundering. His choice. I am willing to bet that the folks in Florida want their litle gold stars for this one, celebrity be dammned.

[CheshireCat]

90. Thanks Robin

I haven't been posting on the Rush threads because I just couldn't come up with the right words, but as i read your post I realized that you have expressed what I feel.

[truthisfreedom]

94. i don't think they'd be sniffing around his bank account if the bank had

been conducting business correctly. once they discovered that the bank was improperly handling large cash transactions, i doubt that the feds had any choice but to investigate which accounts were involved, and now that rush has been exposed as a large illegal-drug purchaser...

honestly, how would you have the feds handle this once they had to start investigating the bank?

[NashVegas]

88. Tax Evasion?

I know that's something Uncle Sam uses against dealers, what about the buyers?

[belab13]

91. the pathology is so evident. eom