Kent Hovind Guilty Meme

.

Kent Hovind lies when he claims he did not commit the crime of structuring and that the crime of structuring requires 2 or more transactions, each of $10,000 or less, in one day, that total more than $10,000.  These lies have been a fundamental claim in Kent’s false legal narrative and many of his followers have promoted the same lies on behalf of Kent Hovind.

.

Kent Hovind 2006 Indictment

.

https://www.dropbox.com/s/4jvc8nkzbgnbcfe/002%20Hovind2006%2007112006.pdf

.

Title 31, United States Code, Section 5324(a)(3)

.

https://www.law.cornell.edu/uscode/text/31/5324

.

(excerpts)

.

No person shall, for the purpose of evading the reporting requirements of section 5313(a) or 5325 or any regulation prescribed under any such section…structure or assist in structuring, or attempt to structure or assist in structuring, any transaction with one or more domestic financial institutions.

.

Title 31, United States Code, Section 5324(d)

.

https://www.law.cornell.edu/uscode/text/31/5313

.

(excerpts)

.

When a domestic financial institution is involved in a transaction…of United States coins or currency… in an amount, denomination, or amount and denomination, or under circumstances the Secretary prescribes by regulation, the institution…shall file a report on the transaction at the time and in the way the Secretary prescribes.

.

Title 31, Code of Federal Regulations, Section 103.11(gg)

.

https://www.law.cornell.edu/cfr/text/31/103.11

.

(excerpts)

.

…a person structures a transaction if that person, acting alone, or in conjunction with, or on behalf of, other persons, conducts or attempts to conduct one or more transactions in currency, in any amount, at one or more financial institutions, on one or more days, in any manner, for the purpose of evading the reporting requirements…

.

“In any manner” includes, but is not limited to, the breaking down of a single sum of currency exceeding $10,000 into smaller sums, including sums at or below $10,000, or the conduct of a transaction, or series of currency transactions, including transactions at or below $10,000.

.

The transaction or transactions need not exceed the $10,000 reporting threshold at any single financial institution on any single day in order to constitute structuring within the meaning of this definition.

.

COMMENTARY by Robert Baty

.

It is not disputed that Kent knew of the bank reporting requirement and that he knowingly and deliberately designed the singular withdrawals at issue to be less that $10,000 so as to keep from triggering the requirement that the bank file a cash transaction report.

.

In effect, Kent’s own factual admissions are sufficient to find that he was guilty of structuring in violation of the law and regulations.

.

As noted in the references above, structuring can include one transaction, on one day, in an amount less than $10,000. The transaction need not exceed the $10,000 threshold at any single financial institution on any single day.

.

By his own admissions, Kent Hovind was guilty as charged, but he has yet to admit to it.

.

Kent’s disingenuous defense has been to deny the clear reading of the law and applicable regulations and claim that structuring requires 2 or more transactions of less than $10,000 in a single day that total over $10,000. Kent Hovind has provided “NOTHING” to support such a claim and, as shown above, such claim can be reasonably shown to simply be false.

.

——————————————————–


Comments

Structuring – Indictment, Law & Regulation — 2 Comments

Leave a Reply