• 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

a day 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

BTFD Coin Leads Meme Coins, Just a Chill Guy and Bonk on the Rise

BTFD Coin is gaining momentum among meme coins, attracting investors' attention. Just a Chill Guy and Bonk are also progressing.

user avatar

12 minutes ago

Bitcoin: 7% Drop Following a Historic Surge

Bitcoin's price falls 7% after reaching $100,000, highlighting market volatility.

user avatar

13 minutes ago

Analyzing the Fall of Moo Deng's Price Post-Coinbase Listing

The price of the memecoin Moo Deng, dedicated to a famous hippo from Thailand, dropped after being listed on Coinbase.

user avatar

15 minutes ago

XRP Trading Surge: Ripple CEO's Reaction

Recent XRP trading activity sparks interest as significant changes in trading volume and market value are noted.

user avatar

16 minutes ago

How XRPL, AMM, and RLUSD are Shaping the Future of Institutional Finance

XRPL offers speed and reliability; AMM and RLUSD are game-changers for institutions.

user avatar

17 minutes ago

US Spot Ether ETFs Set Record Daily Inflows

US spot Ether ETFs recorded a historic daily inflow of $431.5 million, marking the ninth consecutive day of growth.

user avatar

18 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.