Monday, November 15, 2010

Money Laundering for Drug Kingpins 101; And About That Bus . . .

If drug dealers want to find out how to make their dirty drug money clean drug money, they need not look further than today’s testimony at Tom DeLay’s money laundering trial.

Today, the defense had former GOP chief financial officer Jay Banning on the stand defending Tom DeLay’s methodology. Banning swore up and down that the $190,000 that went to seven Republican state house candidates in checks ranging between $20,000 and $40,000 did not come from the same account that they deposited a check for $190,000 from Tom DeLay’s TRMPAC fundraising organization.

It came from a different account altogether.

“‘The bottom line is the money that came to these Texas candidates was not the same $190,000 that’ DeLay's PAC sent to the Republican National Committee, asked Dick DeGuerin, DeLay's lead attorney. ‘That's correct,’ replied Banning, who testified before the prosecution has finished its case because of a scheduling conflict that would have prevented him from appearing later.”
This ridiculous assertion, that money in one hand taken in cannot be equated to money in another hand given out, was immediately challenged by prosecuting attorney Beverly Mathews, who got a little too cute in her analogies. Not that I mind at all.

“‘If a drug dealer gave the Republican National Committee $100,000 of drug money and asked the Republican National Committee to put it into a different account ... could the RNC put the money into a different account and turn around and send that money back to Texas candidates?’”
No word on what Banning’s answer was.

Now here’s the other thing I noticed. This scheduling conflict that prevents Banning from coming in to testify when the testimony is needed most, in rebuttal to the prosecution’s case, is suspicious. I wonder given that this testimony is clearly not given at its most optimal time, but is, rather, buried in the prosecution’s presentation, is a signal that the RNC is ready to throw ol’ Tom under the bus. That they manufactured this schedule conflict so they would testify at a very inconvenient time for DeLay’s defense.

There may be nothing to it, but I am suspicious by nature and tend not to believe in coincidences.

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