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Kick him while he's down . . . Rush has a lot of expenses that cost just a tad under $10K

B

BaliBabyDoc

Lifer
Innocent until proven guilty but Rush better get his story straight

Authorities learned two years ago during an investigation of U.S. Trust bank in New York that Limbaugh withdrew cash 30 to 40 times from his account at amounts just under the $10,000 bank reporting requirement, ABC News reported Tuesday. A bank employee was reported to have delivered some cash to Limbaugh.

Limbaugh told listeners the report was misleading and said that he had the bank bring cash to him at his New York office "maybe four times, if that many." Otherwise, he said he obtained cash from a bank in Florida, where he was living.

"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," he said.

Limbaugh's lawyer, Roy Black, did not return a phone call for comment Wednesday.

It can be a federal crime to structure financial transactions below the $10,000 limit to avoid the reporting requirement.
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It's so hard for me to feel bad for Rush. He is everything he preaches against. "But LBBI, he did it for the pain!' Cry me a river. I'm sure a poor black person who smokes crack to escape the misery and PAIN that is life living in the projects, with no hope for a better life, doesn't get the benefit of a doubt from "Rushies", so why should Rush? For me its the same thing.
 
http://www.rushlimbaugh.com/home/daily/site_111903/content/rush_responds.guest.html

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.
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I was waiting for DM to post this "story" but I guess he was sleeping at the Rush Bash controls😉😛

CkG
 
More info:

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.
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CkG
 
Your version of the story certainly sounds better . . . there is a slight discrepancy between . . .

Authorities learned two years ago during an investigation of U.S. Trust bank in New York that Limbaugh withdrew cash 30 to 40 times from his account at amounts just under the $10,000 bank reporting requirement, ABC News reported Tuesday.
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versus

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.
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versus

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.
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Granted I'm not in a drug-induced haze . . . plus my bank account has many fewer zeroes . . . it doesn't matter if it's two to three versus four to five. But 30 to 40 . . . hmm . . .
 
Originally posted by: BaliBabyDoc
Your version of the story certainly sounds better . . . there is a slight discrepancy between . . .

Authorities learned two years ago during an investigation of U.S. Trust bank in New York that Limbaugh withdrew cash 30 to 40 times from his account at amounts just under the $10,000 bank reporting requirement, ABC News reported Tuesday.
Click to expand...

versus

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.
Click to expand...

versus

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.
Click to expand...

Granted I'm not in a drug-induced haze . . . plus my bank account has many fewer zeroes . . . it doesn't matter if it's two to three versus four to five. But 30 to 40 . . . hmm . . .
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He's not disputing the fact that over time he withdrew money in $9800 increments, but from some reports they made it sound like people were running the money to him - which in reality was a service of the bank and only happened a few times and isn't illegal. The other times he withdrew cash he went to the bank and performed the transaction. Understand the difference? there may have been 30-40 transactions under 10K(~300K over 5-6 years) but only a few were done via the delivery service thing offered by the bank. And once questioned by the Feds(2001) and was informed that the bank wasn't supposed to advise him to keep it under 10K he has since discontinued the practice of withdrawing money in amounts just under 10K.

CkG
 
Originally posted by: CADkindaGUY
Originally posted by: DealMonkey
Hmmmm, both Rush and CkG are on the defensive. <rubs beard> Something must be up. 😉
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Not defensive - just presenting the story from the source 🙂

CkG
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But we want a reliable source... you know, one of the mainstream networks. 🙂
 
Originally posted by: daniel1113
But we want a reliable source... you know, one of the mainstream networks. 🙂
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You already got one: CNN.com. At least it's not "Frank & Trudy's Cooooool Conservative Web Page," or whatever passes muster with your crowd. 😉
 
Not defensive - just presenting the story from the source
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Actually you are presenting the story from a source. Not to lump Rush in with other accused but not yet adjudicated . . . but like Kobe, Martha, and Michael . . . they are innocent until proven guilty . . . but it sure smells fishy.
 
Originally posted by: CADkindaGUY
Not defensive - just presenting the story from the source 🙂

CkG
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Mmmm hmmmm. Suuuure, Cad... Yuppers... 😛 I wonder what those withdrawals were for? Hmmmm. Makes you wonder, doesn't it?
 
Originally posted by: DealMonkey
Originally posted by: CADkindaGUY
Not defensive - just presenting the story from the source 🙂

CkG
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Mmmm hmmmm. Suuuure, Cad... Yuppers... 😛 I wonder what those withdrawals were for? Hmmmm. Makes you wonder, doesn't it?
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From Rush's statement:
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
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CkG
 
I don't see what the big deal is. Even if he was using this money to buy his illegal painkillers, so what? The big deal should be with the pain killers not how he got money for them so long as the money was his own.
 
Just for the record, even my bank told me to keep withdrawals under 10k as much as possible, to save them the time and hastle. Not that I make too many 10k withdrawals, but I have tried to keep the few under the limit.
 
Originally posted by: DealMonkey
It was for FOOD?!? Oh yeah, right. That makes sense. Thanks for clarifying things. 😉
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~300K/5-6yrs = ~60K/yr. Which is just over a grand a week. For someone of his income it doesn't seem outrageous that he'd have that amount of cash expenditures especially with all his travels and other activities which he stated. Ofcourse it wasn't only for FOOD now was it DealMonkey😉

CkG
 
I hope I'm not the only person that sees a pattern of . . . umm . . . incongruencies?

First it was just a few withdrawals of $9800 . . . maybe two . . . maybe five . . . according to Rush. Then we get this statement:
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
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2 x 9800 = 19600
5 x 9800 = 38200

Of course maybe when Rush says two to five he's talking about the bonded courier action and when he says $300K he's talking about something else? In any case, he better get his story straight . . . and truncated before he starts answering questions for real.
 
Originally posted by: BaliBabyDoc
I hope I'm not the only person that sees a pattern of . . . umm . . . incongruencies?

First it was just a few withdrawals of $9800 . . . maybe two . . . maybe five . . . according to Rush. Then we get this statement:
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
Click to expand...

2 x 9800 = 19600
5 x 9800 = 38200

Of course maybe when Rush says two to five he's talking about the bonded courier action and when he says $300K he's talking about something else? In any case, he better get his story straight . . . and truncated before he starts answering questions for real.
Click to expand...


YES! The ones delivered by bonded courier(the sevice from the bank) numbered from 2-5. The total number of <10K withdrawls was 30-40 times(for a total of ~300K) but only a few were via bonded courier and the rest were him directly withdrawing funds at the bank. He stated such - it's not that hard to understand.

CkG
 
Originally posted by: CADkindaGUY
http://www.rushlimbaugh.com/home/daily/site_111903/content/rush_responds.guest.html

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.
Click to expand...

I was waiting for DM to post this "story" but I guess he was sleeping at the Rush Bash controls😉😛

CkG
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Don't you know all crimminals and drug addicts LIE? I suppose him being a republican made you overlook that.
 
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