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Roger Ver, alias Bitcoin Jesus and renowned BTC proponent and investor, has been charged with $48 million in tax fraud.
The news follows an April 30 notice in which the US Department of Justice revealed Ver’s arrest by authorities in Spain last weekend. The Bitcoin Cash advocate was being pursued by US authorities for defrauding the Internal Revenue Service (IRS).
Revelations show that Ver controlled up to 70,000 BTC in June 2017, ahead of the crypto market bull run. The sale of part of these holdings saw him receive up to $240 million, an indictment dated February 15, and unsealed on April 29, shows.
It is alleged that he hired a law firm that filed false tax returns, undervaluing the amount of Bitcoin he and his two companies, MemoryDealers.com Inc. and Agilestar.com Inc., owned.
The charges say Ver defrauded the IRS of about $48 million by failing to report capital gains on his investments. Ver is charged with mail fraud, tax evasion, and filing false tax returns.
Justice Department Seek To Extradite Roger Ver From Spain
Following his arrest by Spanish authorities, the Justice Department wants Ver extradited to face trial in the US.
Ver “deserves everything that he’s about to get,” said Dan Held, former director of growth marketing at crypto exchange Kraken, in a post on X.
Roger attacked my livelihood by trying to get me fired, called up others to hurt my relationships, and attacked my reputation.
He misaligned expectations around Bitcoin so much that it led to a civil war. He deserves everything that he's about to get.
I've paid my taxes…
— Dan Held (@danheld) April 30, 2024
This is not the first time Ver has been in trouble with the law. He was also sentenced to 10 months in prison for selling explosives on eBay.
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