Money laundering too. Why that sneaky O’l Gas Bag

Money laundering too. Why that sneaky O’l Gas Bag

Radio talk-show host Rush Limbaugh is blasting an ABC News report that suggests he may have used laundered money to finance his admitted addiction to pain-killing drugs.

Limbaugh was responding to a report on "World News Tonight" stating the broadcaster "may have violated state money-laundering laws in the way he handled the money he used to buy the prescription drugs to which he was addicted," citing law enforcement sources.

According to the ABC report, "Authorities say they became aware two years ago, during an investigation of New York bank U.S. Trust, that Limbaugh had taken between 30 and 40 cash withdrawals from his account in amounts just under $10,000. Banks must file a report to the government if someone withdraws more than $10,000 at once."

The network quoted Jack Blum, an expert on financial crimes, who said, "That in itself is a suspicious activity: They are structuring their transaction to avoid reporting to the government, and the bank is required to file with the federal government something called a suspicious activity report."

"Now the problem will be: Did he then assist his drug supplier in hiding the proceeds from the government?" said Blum.
ABC reported a decision on whether to prosecute Rush on money-laundering charges would be made in the next few weeks.

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

No, wait. Maybe it's Rush's goose being cooked...

:evilgrin:
dbt

it took out under 10000 dollars to hide the fact he was hiding something illegal. when you fly under the law you are doing something wrong.

the hook some how? Probably will end up that there wasn't enough evidence to prosecute.

Pocket change? Doesn't he have a credit or debit card? Why would he need large amounts of cash that frequently, unless it was for something he could only pay for with cash?

It was for either drugs or male prostitutes. Probably both...

I'm confident that Jack Blum explained to them that structuring to avoid the CTR reporting requirement is itself a federal (not state) offense. You do not have to prove what the money was used for. The feds already have all of the information they need to prosecute Limbaugh under the Money Laundering Act of 1986.

If the state is still investigating because the feds are letting Rush skate, which appears to be the case, we should be howling for blood because the federal gov't would have arrested and prosecuted an unknown non-celebrity for these violations to the full extent of the law -- we're talking a slamdunk case. There is no doubt about the evidence; the bank has already paid a $10 million dollar fine for its part in the crime and turned over the records. Each $9,900 or 9,500 cash withdrawal is a separate count of structuring. So you've got all the paperwork there, and the perp is caught red-handed. So why aren't the feds prosecuting Rush instead of terrorizing casino cashiers? When I was working with large sums of cash, I spent a great deal of time and effort to remain in compliance with the money laundering act. The best way to prove you aren't trying to evade the law is to take out or deposit the money in the amount you actually need. So I had CTRs for $23,000, say, or for $17,000. I could prove I didn't have a consistent pattern of cashing out for $8,000 or 9,000 dollars.

Rush is guilty, guilty, guilty, and the federal gov't already has the proof. It is a disgrace that they are not doing their job.

Apparently, the states of New York and Florida have more restrictive money laundering laws that require proof of involvement in the drug trade. The federal requirement requires no such proof. Structuring itself is an offense, and a serious one.

In addition, the bank officials who advised Rush to "structure" are equally guilty of structuring. Properly trained bank and casino officials know they must never, never give advice on the Money Laundering Act. There really isn't any way to discuss this with your client without violating the law. If you are dealing with cash, discuss it with a lawyer who has knowledge of these matters -- not with a banker. You are putting her at risk of serious penalties, not just yourself. The banker who advised Rush to withdraw in $9,900 increments is guilty of the same crime that Rush is guilty of if he advised his drug dealers how to spend or deposit their cash to avoid attention.

Rush is indeed a true scumbag.

the kind of crime that he claims he needs special "police powers" to prosecute. This just demonstrates that Asscoft is just as crooked and sleazy as Limbaugh. Birds of a feather etc.

Not a peep from him. :WTF:

to help drape the breast of Lady Justice!

:evilgrin:

is whether his ditto head freeper worshipers who make minimum wage, even care that the man makes 30!!! to 40!!! $10,000 withdrawls at a time from his bank. Do you think it even bothers them that they are scrounging for enough money to buy a loaf of bread and this man, who they WORSHIP, can spend THAT kind of money? Anyway, that was my first thought on the article. :)

We should get Spitzer in on this little investigation...we can watch the roasting spit turn and see him cooked until he's nice and DONE! Fry you bastard! Who better to go down in flames???!!! :bounce:

Personal Check - Money Order? Didn't think so.

why would you go to a pharmacy that charged some $9000 to fill an Rx of some Oxycontin? What, no insurance for the Big Guy?

Really, though...the quantity of pills alone, the money involved, the direct witness/accomplice of the Housekeeper; this is much deeper than we are being told.

This is getting to be a bit of a farce, if there are no charges filed. The sheer quantity of pills would have had the DEA combing all of FL's pharamcies for months. For all of the Rx's I've ever gotten, the last thing I needed was a cigar box full of cash to receive a few baggies filled with pills. What ever happened to the decency of putting meds in those neat little bottles you can store quarters in after the meds are gone?

:kick:

Who were the girlie boys at the drug party, RUSH???