[onyx]

FGS! It's NOT money laundering. In fact, Rush or anyone else is free to deposit or to withdraw any amount of cash under $10K without the bank having to report the transaction to the IRS. In the past, I've done the same thing many times. For Rush, this is petty cash --- walking around money. Another attempt by his enemies to smear him.

[Khurkris]

Agree...same here. But just try and get $9,000 or $8,000 of your money from your bank. It has taken me 3 days and 3 seperate trips to get $8,000 cash from my bank. Seems they just don't like to give the money back once they have it. The cash that is. (I sometimes buy/sell cars when a deal comes along. And cash is a better bargain tool.)

[livesbygrace]

There's another article in the NYPost online, and the 'strategery' is more apparent.

November 19, 2003 -- Conservative radio-show host Rush Limbaugh may be in more big, fat trouble for possibly violating state money-laundering laws while trying to hide the fact he was buying scores of painkillers to feed his addiction. Authorities said that during a probe of New York's U.S. Trust Bank two years ago, they discovered that Limbaugh had made between 30 and 40 cash withdrawals from his account that each totaled just under $10,000, ABC News reported last night. Any time someone makes a single withdrawal of $10,000 or more from a bank, the financial institution is required to report the activity to the government. "That in itself is a suspicious activity," money-laundering expert Jack Blum told ABC News of withdrawals such as Limbaugh's. Those who make them "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," he said. "Now the problem will be: Did [Limbaugh] . . . assist his drug supplier in hiding the proceeds [drug money] from the government?"

It seems that they are just dying to make something, anything stick to Rush, and this is all a bunch of hooey...

[garbanzo]

Withdrawing more than 10K without reporting it is a crime - of course not withdrawing 10K and not reporting it is also a crime. Nice little law we got there.