• 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

9 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

Bitcoin Exceeds $100,000: Changpeng Zhao Shares BTC Sale Price

Bitcoin has surpassed $100,000 for the first time, with Changpeng Zhao sharing his thoughts on this milestone.

user avatar

9 minutes ago

Paul Atkins Appointment: A New Era for the Crypto Industry?

Paul Atkins' appointment as SEC Chair might change the cryptocurrency approach. Overview of John Deaton's key reforms.

user avatar

10 minutes ago

U Coin: The Key Element in U-topia and Web3

Exploring the role of U Coin in the U-topia ecosystem and its future in Web3.

user avatar

10 minutes ago

Bitcoin Hits $100k: A Historic Benchmark in the Crypto Industry

Bitcoin has surpassed the $100k mark for the first time, reinforcing its leading role in the financial revolution.

user avatar

11 minutes ago

Record Investments in Ethereum ETFs: Over $700 Million in Eight Days

US Ethereum ETFs have attracted over $700 million in investments in the last eight days, highlighting increasing interest in altcoins.

user avatar

31 minutes ago

Pepe Unchained and Pepeto: Technologies and Memecoin Development

Pepe Unchained and Pepeto offer new technologies and features in memecoins. Updates and upcoming events strengthen their position in the crypto world.

user avatar

32 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.