• 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

2 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

Stablecoin risks: a threat to financial stability

FSOC warns about stablecoin risks and recommends Congress pass legislation.

user avatar

21 minutes ago

Top Cryptos to Invest in December 2024: Qubetics, Toncoin, and Render

An overview of promising cryptos for December: Qubetics, Toncoin, and Render, and their growth potential.

user avatar

21 minutes ago

Caitlin Long: Criticism of FSOC Report and Concentration Risk in Crypto Sector

Caitlin Long criticizes FSOC's report, expressing concerns about concentration risk in the crypto sector.

user avatar

an hour ago

Meme Coin Market Gains Popularity: Overview of BTFD Coin, Baby Doge Coin, and SPX6900

BTFD Coin, Baby Doge, and SPX6900 attract investors' attention in 2024 with unique offerings in the meme coin market.

user avatar

an hour ago

Qubetics, Litecoin, and Terra Classic: What's Making Headlines?

Qubetics innovates in blockchain. Litecoin expands, Terra Classic regains reputation.

user avatar

an hour ago

Gala Film: $FILM Token and New Movie 'Savage Lands'

Gala Film's $FILM token soared 350% in 24 hours, and 'Savage Lands' was announced starring DJ Khaled and Snoop Dogg.

user avatar

an hour 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.