Dr. Kent Hovind Discusses His Case After Being Sent to Prison for 9 Years

Structuring

Here is an interview that Uncle Champion, Auntie Oligarchy and I did with Kent Hovind on The Liberty Show. (This interview primarily deals with his case although the Youtube version contains the full interview and does discuss his ministry somewhat. Check back later for an interview Dr. Hovind did with The Prophecy Brothers specifically on end times.)

If you don’t know what happened to Dr. Kent Hovind, he was charged with structuring and spent nine years in prison.  According to www.fincen.gov/whatsnew/pdf/CTRPamphletBW.pdf:

Federal law requires financial institutions to report currency (cash or coin) transactions over $10,000 conducted by, or on behalf of, one person, as well as multiple currency transactions that aggregate to be over $10,000 in a single day. These transactions are reported on Currency Transaction Reports (CTRs). The federal law requiring these reports was passed to safeguard the financial industry from threats posed by money laundering and other financial crime. To comply with this law, financial institutions must obtain personal identification information about the individual conducting the transaction such as a Social Security number as well as a driver’s license or other government issued document. This requirement applies whether the individual conducting the transaction has an account relationship with the institution or not. There is no general prohibition against handling large amounts of currency and the filing of a CTR is required regardless of the reasons for the currency transaction. The financial institution collects this information in a manner consistent with a customer’s right to financial privacy.

Can I break up my currency transactions into multiple, smaller amounts to avoid being reported to the government?

No. This is called “structuring.” Federal law makes it a crime to break up transactions into smaller amounts for the purpose of evading the CTR reporting requirement and this may lead to a required disclosure from the financial institution to the government. Structuring transactions to prevent a CTR from being reported can result in imprisonment for not more than five years and/or a fine of up to $250,000. If structuring involves more than $100,000 in a twelve month period or is performed while violating another law of the United States, the penalty is doubled.

Employees at financial institutions, and the general public,  are told the reporting is used to catch drug dealers or terrorists. Bottom line is that the government eventually wants to do away with cash so every transaction is electronic, monitored, and taxable. In the meantime it can use the law against political enemies.

Kent Hovind fit the definition of a political enemy because he taught that the theory of evolution is a religion used to turn people away from God and make them think that rights come from government. In his seminars he show the connection between evolution, socialism, communism, and how the U.S. has turned into communist country from a constitutional republic. So much for the First Amendment.

So the next 4th of July or the next time the U.S. invades a foreign country to protect our freedoms, remember cases like Kent Hovind’s.

Be the first to comment

Leave a Reply