• 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 A1

5 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

AISweat.Shop: Web3 AI Platform on Arbitrum for DeFi and DeSci

AISweat.Shop reshapes the landscape with AI Agent Factory on Arbitrum, ushering in a new generation for DeFi and DeSci.

user avatarA1

7 minutes ago

What Caused the Shiba Inu Price Drop and What are the Prospects?

Shiba Inu fell by 7%, decline linked to decreased burn rate. Analysis of reasons and prospects for the price drop.

user avatarA1

7 minutes ago

Short-Term Losses but Long-Term Growth for Ripple (XRP): Analyst

Analyst forecasts Ripple (XRP) growth after short-term correction, including new all-time highs.

user avatarA1

8 minutes ago

XRP Reaches a New Seven-Year High with Weekly Close at $2.60

XRP closed the week at $2.60, marking a new high since 2018. Technical analysis indicates potential growth.

user avatarA1

8 minutes ago

BONK and FLOCK: New Heights and Challenges for Meme Cryptocurrencies

Meme cryptocurrencies BONK and FLOCK attract investors with significant price changes and prospects.

user avatarA1

9 minutes ago

New Horizons in Cloud Mining and Sustainable Energy

An exploration of cloud mining featuring AEON MINING and the role of renewable energy in modern tech.

user avatarA1

10 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.