IFB X-Files said:
As usual you're the one confused. If taking your own money out of the bank is a crime then look to be imprisoned soon.
He was engaged in "structuring" or "smurfing" - making transactions that were designed not to trigger mandatory reporting requirements. Unfortunately for him, bankers are also trained to detect those kinds of transactions, which are often evidence of financial crimes such as fraud and money laundering.
And what "fraud" has he committed?
Hovind "willfully fail[ed] to deduct, collect, truthfully account for and pay over to the IRS federal income tax and FICA tax from the total taxable wages of CSE employees which were due and owing to the United States of America . . . and fail[ed] to withhold and pay federal income tax and FICA tax to the IRS" (
United States of America v. Kent Hovind and Jo Hovind).
In other words, in colloquial terms, he's a tax fraud. Since he was found guilty of 12 counts of the above, he's a
convicted tax fraud.