• 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

3 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

How Major Investors Influence the Crypto Market: The Role of Whales

Exploring the influence of whales on the crypto market and their role in driving price changes and volatility.

user avatar

18 minutes ago

How Economic Data Affects the Cryptocurrency Market

Economic data like CPI and PPI may determine future price movements in the crypto market.

user avatar

19 minutes ago

Cryptocurrency Market Focuses on Critical Economic Data

The cryptocurrency market awaits US CPI and PPI data that may influence future records.

user avatar

19 minutes ago

Why Companies Are Adding Bitcoin to Their Balance Sheets

Bitcoin is gaining popularity among corporations due to its growth potential and inflation protection.

user avatar

20 minutes ago

U.S. Financial Council Concerned About Stablecoin Risks

The U.S. Financial Services Oversight Council warns of potential stablecoin risks without improved risk management.

user avatar

43 minutes ago

Meme Coins: Cats Usher in a New Era of Change

In the meme coin world, cats rise with MEW, Popcat, and CATZILLA leading the shift.

user avatar

44 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.