• 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

4 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

Qubetics Project: Innovations and Decentralized VPN

Qubetics offers advanced solutions in decentralized VPN, ensuring user security and freedom.

user avatar

7 minutes ago

Solana Community Seeks Alternatives After ETF Rejection

The rejection of Solana ETF leads the community to move towards DTX Exchange after a $9.6m presale.

user avatar

7 minutes ago

JASMY Forecasts: How to Achieve Millionaire Status

JASMY shows market potential with a $1 target price, requiring strategy for achieving millionaire status.

user avatar

7 minutes ago

Topone Platform: Key Features and Future Growth

Topone is a new cryptocurrency platform with unique features including 1000x leverage and contract support.

user avatar

8 minutes ago

Solana and Lightchain AI: Contenders for 2025 Dominance

Examining Solana and Lightchain AI to identify the future blockchain leader.

user avatar

8 minutes ago

Successful November for HIVE Digital: 67% Mining Growth

HIVE Digital mined 103 BTC in November, increasing its holdings by 67% compared to last year.

user avatar

9 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.