“Accusations of $50 million tax fraud against the individual known as “Bitcoin Jesus””
Roger Ver, a prominent early investor in cryptocurrency, known as ‘Bitcoin Jesus’, has recently faced legal troubles with the Department of Justice accusing him of evading nearly 50 million dollars in taxes. An indictment was filed against the 45-year-old Ver in a federal court in Los Angeles, charging him with mail fraud and tax evasion. The Department of Justice revealed the indictment following Ver’s arrest in Spain, with US authorities now seeking his extradition.
Ver gained the moniker “Bitcoin Jesus” for his early involvement in cryptocurrencies and his significant investments in the industry. Originally from California, Ver renounced his US citizenship in 2014 to become a citizen of St. Kitts and Nevis, a dual-island nation situated in the Atlantic Ocean and the Caribbean Sea. It has been alleged that Ver failed to report his ownership of 131,000 Bitcoins in 2014 when he renounced his US citizenship, leading to accusations of tax evasion and underreporting his Bitcoin holdings. With Bitcoin currently trading at approximately $57,000, Ver’s 131,000 bitcoins are valued at around 7.5 billion dollars.
Ver’s indictment comes on the heels of the recent sentencing of a cryptocurrency exchange executive to four months in jail. This follows the sentencing of another individual, , to 25 years in prison for a separate cryptocurrency-related crime.
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