• 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

18 hours 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

MicroStrategy Gains $16 Billion Profit from Bitcoin Surge

MicroStrategy earned $16 billion profit thanks to bitcoin surge. The company holds 402,100 bitcoins.

user avatar

a minute ago

Analysts Discuss Bitcoin's Rise Above $100,000 and Its Future

Bitcoin surpassed $100,000, sparking a reaction in the crypto community. Experts discussed reasons and gave forecasts.

user avatar

a minute ago

Dawgz AI: The Next Crypto Sensation After Dogecoin?

Dawgz AI captures attention in the crypto world, drawing parallels with Dogecoin's rise.

user avatar

17 minutes ago

Global Race for Bitcoin Strategic Reserve Intensifies

The global Bitcoin race may start due to its importance for countries. A. Quaglini and global leaders justify their positions.

user avatar

18 minutes ago

Long-term Bitcoin Holders Activate $6M

Dormant Bitcoin addresses, inactive for 12 years, activate. BTC value rose from $269 to $6M.

user avatar

18 minutes ago

Germany's $2.4 Billion Bitcoin Loss Explained

The German government sold 50,000 bitcoins at $54K, missing out on $2.4 billion in profits.

user avatar

19 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.