• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Roger Ver Challenges Tax Evasion Allegations

user avatar

by

3 days ago


Roger Ver, known in the cryptocurrency industry as 'Bitcoin Jesus,' is currently facing charges of $50 million tax evasion. These allegations are part of a broader case involving eight counts of tax discrepancies.

Charges Against Roger Ver

Prosecutors claim that Ver failed to file taxes for Bitcoin transactions worth $240 million, where $50 million of these were taxable in 2017. He is also accused of undervaluing his assets when he renounced his US citizenship in 2014 to evade exacerbated expatriation taxes.

Roger Ver's Defense

Ver's lawyers, including Steptoe LLP and Kimura London & White, assert that there was government misconduct. The defense claims that Ver relied on advice from his advisors to ensure compliance with the law. An email from 2013 shows Ver's intention to avoid future disputes with the IRS.

Criticism from Crypto Community

The crypto community voices criticism towards the U.S. Department of Justice. Civil rights attorney Robert Barnes views this as a case of selective enforcement. Economist Peter Schiff also supports Ver, stating that the exit tax is unconstitutional.

Roger Ver continues to challenge the tax evasion charges, emphasizing that they are politically motivated due to his criticism of cryptocurrency regulation. The situation draws significant attention from both the legal and crypto communities.

0

Share

Other news

Cyberattack on Radiant Capital: $50M Loss from UNC4736 Group

Radiant Capital suffered a $50M cyberattack linked to DPRK's UNC4736, highlighting vulnerabilities in DeFi security.

user avatar

24 minutes ago

FDIC Strengthens Oversight on Banks' Crypto Activities

FDIC urges banks to pause crypto operations, strengthening oversight amid Coinbase lawsuit.

user avatar

24 minutes ago

Bitcoin Miners Selling Assets: How Will It Impact the Market?

Bitcoin miners liquidated 85,500 BTC in 48 hours. What does it mean for the market?

user avatar

24 minutes ago

Bitcoin is Still Far from a 'Bubble', Claims Jordi Visser

According to Jordi Visser, Bitcoin hasn't reached its 'bubble phase' yet. To reach its peak, it needs to outperform MAG7.

user avatar

24 minutes ago

Meme Coins: BTFD Coin and Others Enter the Crypto Arena

Exploring new meme coins: BTFD Coin, Goatseus Maximus, and Cat in a Dog's World, presenting new ideas in the market.

user avatar

25 minutes ago

Stablecoin Issuer Regulation: FSOC Urges Legislative Action

FSOC urges Congress to establish federal guidelines for regulating stablecoin issuers due to potential stability threats.

user avatar

26 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.