• 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

Bill Dudley Rejects Bitcoin as Government Reserve Currency

Bill Dudley, former New York Fed president, casts doubt on Bitcoin as a reserve currency.

user avatar

a few seconds ago

David Sacks to Examine Operation Choke Point 2.0 and Its Effects on Cryptocurrency

David Sacks, appointed by Donald Trump as crypto czar, begins investigation into Operation Choke Point 2.0.

user avatar

a few seconds ago

Whale Investors Continue Accumulating Bitcoin

An analysis of whale activity post-Bitcoin's price drop below $100,000: causes and potential impacts.

user avatar

a minute ago

Roger Ver and Charlie Kirk: Legal Struggle with the U.S.

Roger Ver and Charlie Kirk discuss the 'exit tax' and underpayment charges. Potential pardon and case dismissal by the U.S. President.

user avatar

a minute ago

Nischal Shetty Responds to Allegations of Resemblance to Harshad Mehta

WazirX co-founder Nischal Shetty denies resemblance to Harshad Mehta following ₹2000 crore hack.

user avatar

2 minutes ago

Bitcoin Spot ETF Inflows Hit $377M As Seven-Day Streak Continues

Bitcoin Spot ETF inflows hit $377M on Dec 6, fueled by BlackRock and Fidelity, marking a week-long growth streak.

user avatar

2 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.