• 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 A1

5 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

Analyzing Crypto Projects: Qubetics, XRP, and Render

Qubetics, XRP, and Render: a perspective on long-term growth and innovation in cryptocurrency.

user avatarA1

a few seconds ago

How Crying Kamala may alter the memecoin market

Crying Kamala, a new Solana memecoin, is expected to rise 17,000% due to upcoming major crypto exchange listings.

user avatarA1

26 minutes ago

XRP's Price Swings Trigger Interest in Rival PropiChain

XRP prices show volatility near $3, attracting attention to PropiChain and its features.

user avatarA1

26 minutes ago

Former XRP Critic Believes It Now Has The Strongest Chart in Crypto

XRP shows strong growth as its chart is recognized as the most powerful among cryptocurrencies.

user avatarA1

27 minutes ago

Top Meme Coins: BTFD Coin, Turbo, and Fartcoin Making Waves

BTFD Coin, Turbo, and Fartcoin are attracting attention with their unique features and innovative potential.

user avatarA1

an hour ago

Bitcoin as ‘Digital Gold’: Recognition by U.S. Treasury

The U.S. Treasury recognizes Bitcoin as ‘digital gold’, highlighting its role as a store of value.

user avatarA1

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.