• 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

PEPE Cryptocurrency: Investments and Market Analysis

An early PEPE investor turned $70.4 into millions. Large deposits may shift market trends.

user avatar

15 minutes ago

Bitcoin: Current Price Fluctuations After Hitting $100k

An overview of the current Bitcoin price fluctuations after reaching $100k and its impact on the market.

user avatar

15 minutes ago

Dogecoin and its New Price Milestone: Market Analysis

Dogecoin nears a new pricing level as the crypto community eyes a smaller token with significant growth potential.

user avatar

15 minutes ago

Ocelex Debuts on Zircuit Platform: An Essential Step for the DeFi Community

Ocelex launches on Zircuit, bringing innovations to DeFi with transparent revenue sharing among holders.

user avatar

16 minutes ago

Tomi Super App: Uniting Communication and Crypto Payments in One Application

Tomi launches Super App: communication, crypto payments, and profile management are unified in one platform in Web3 for the first time.

user avatar

17 minutes ago

Worksport incorporates Bitcoin and XRP into corporate treasury

US-based Worksport adds Bitcoin and XRP to its corporate treasury, bolstering its growth strategy.

user avatar

17 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.