• 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

Leading Crypto Presales of 2024: Promising Projects

Exploring top crypto presales of 2024: BlockDAG, DexBoss, 5th Scape, and MetaWeave and their potential advantages.

user avatar

10 minutes ago

Qubetics: Revolutionizing the Crypto Market

Qubetics offers unique real-world solutions that could make it the next big project after Monero.

user avatar

11 minutes ago

US Financial Council Urges Standards for Stablecoin Issuance

US Financial Council cites stablecoins as a potential risk and calls for regulation for financial stability.

user avatar

11 minutes ago

Tomarket to Distribute 30% of TOMA Tokens Before Listing

Tomarket will offer a 30% airdrop of TOMA tokens to active users before its token listing.

user avatar

12 minutes ago

Anthony Scaramucci on Bitcoin Volatility and Institutional Interest

Scaramucci discusses long-term Bitcoin investment and institutional adoption amid volatility.

user avatar

12 minutes ago

Top Altcoins: Qubetics, XRP, and EOS Gaining Popularity

A review of promising altcoins: Qubetics with innovations, XRP in payments, and EOS for developers.

user avatar

12 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.