"Roger Ver, the cryptocurrency advocate known as Bitcoin Jesus, has paid nearly $50 million to resolve a US tax evasion indictment without having to admit he committed a crime. Prosecutors agreed to dismiss the indictment against Ver, who admitted in a deferred-prosecution agreement that he failed to pay all the taxes that he owed to the Internal Revenue Service on the sale of Bitcoin after he renounced his US citizenship in 2014, the Justice Department said Tuesday."
"Prosecutors had charged Ver with evading more than $48 million in taxes due from profits made by selling $240 million in crypto tokens. He was arrested by Spanish authorities, but released on bail on the island of Mallorca. After Donald Trump's return to the White House, Ver appealed for a pardon, while lobbying for his case on social media. Please Donald Trump, I need your help to end this lawfare and allow me to come home so that I can help you make America great again, Ver said in a video posted on X in January."
Roger Ver paid nearly $50 million to resolve US tax-evasion allegations after failing to pay all IRS taxes on Bitcoin sales following his renunciation of US citizenship in 2014. Prosecutors dismissed the indictment after Ver admitted in a deferred-prosecution agreement that he had not paid taxes owed on profits from selling $240 million in crypto tokens. Ver was arrested in Spain and released on bail in Mallorca. He sought a presidential pardon after Donald Trump's return to the White House, then abandoned the pardon bid while his lawyers negotiated the settlement. The Justice Department stressed that taxpayers must file accurate returns whether using dollars or digital assets.
Read at www.mercurynews.com
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