"Ver's indictment claims that Ver gave false or misleading information to a law firm and an appraiser, hiding the true number of bitcoin owned by him and his companies. This allegedly led to the filing of false tax returns that significantly undervalued both the companies and their bitcoin holdings. By 2017, Ver's companies reportedly still held around 70,000 bitcoins, which he sold on cryptocurrency exchanges for roughly $240 million."
"The potential settlement comes as the Trump administration continues to unwind a yearslong federal crackdown on crypto. Ver's defense leaned into Trump's pro-bitcoin political currents. He paid longtime Trump ally Roger Stone $600,000 and hired lawyers tied to the former president - including David Schoen and Christopher Kise - as well as the lobbying firm of GOP fundraiser Brian Ballard, according to The New York Times."
Roger Ver reached a tentative deferred-prosecution agreement requiring roughly $48 million in back taxes and possible dismissal of criminal tax fraud charges if terms are met. The 2024 indictment alleges tax evasion tied to his large bitcoin holdings before he renounced U.S. citizenship in 2014 and notes his 2024 arrest in Spain during an extradition effort. The indictment alleges he provided false or misleading information to a law firm and appraiser, causing false tax returns and undervaluation of companies and bitcoin holdings. By 2017 his companies reportedly held about 70,000 bitcoins sold for roughly $240 million.
Read at Bitcoin Magazine
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