• 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

Ripple vs. SEC: Allegations of Market Manipulation and XRP Surge

Ripple accuses SEC of stifling the market as XRP hits a 7-year high. What's happening amid growing tensions?

user avatar

22 minutes ago

Donald's Bitcoin is on the rise: Can early investors make millions?

Donald's Bitcoin, a Solana-based memecoin, anticipates significant growth following its crypto exchange listings.

user avatar

22 minutes ago

Crypto Confidence Rise: 400M Wallets Show Positive Balances

Crypto wallets with positive balances exceed 400 million, indicating the rise of global crypto adoption.

user avatar

23 minutes ago

Catzilla Coin: The Cryptocurrency with Growth Potential

Catzilla Coin may surpass POPCAT, FLOKI, and PNUT by 2025 as experts predict.

user avatar

23 minutes ago

FSOC Highlights Economic Stability Threats from Stablecoins

FSOC report: Lack of risk management standards in stablecoins threatens financial stability.

user avatar

an hour ago

Marathon Digital Acquires 1300 BTC Amid Market Fluctuations

Marathon Digital has purchased 1,300 BTC for $130.66 million, becoming the second-largest corporate holder of bitcoin.

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.