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Home»Regulation»‘Bitcoin Jesus’ Roger Ver Wants to Dismiss Charges for Allegedly Dodging $50,000,000 in Taxes: Report
'Bitcoin Jesus' Roger Ver Wants to Dismiss Charges for Allegedly Dodging $50,000,000 in Taxes: Report
Regulation

‘Bitcoin Jesus’ Roger Ver Wants to Dismiss Charges for Allegedly Dodging $50,000,000 in Taxes: Report

2024-12-04No Comments2 Mins Read
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Bitcoin Cash (BCH) pioneer and early crypto user Roger Ver is asking the court to dismiss a complaint accusing him of evading $50 million in taxes.

Ver, an early investor in Bitcoin (BTC) who later decided to back the BCH fork, was arrested in Spain in late April at the direction of the Department of Justice (DOJ).

Ver faces multiple charges, including mail fraud, tax evasion and filing false tax returns.

Despite renouncing his US citizenship in 2014 after obtaining citizenship in Saint Kitts and Nevis, authorities say Ver should have filed tax returns detailing capital gains from the sale of his global assets, including his Bitcoin, and the fair market value of his assets. assets – essentially paying an exit tax.

Now Ver’s lawyers are asking the court to dismiss the suit, saying the government has gone too far.

Ver tells FOX Business that by including his correspondence with attorneys in the latest lawsuit, he hopes to provide the grounds for his actions and show the public and the Trump administration that he was not trying to ignore the law. as the authorities claim.

Says Ver,

“I always knew I would be a political target for the IRS and law enforcement after I emigrated… That’s why I made sure I hired the most reputable lawyers and accountants and gave them clear instructions on how to file everything perfectly – so that there were no problems when the inevitable audit came. But of course the IRS found a way to make it an issue anyway.

Attorneys also note that the laws and regulations surrounding cryptocurrencies were complicated and virtually non-existent at the time of Ver’s alleged violation.

See also  Bitcoin Hash Ribbons Capitulation Activates Cautionary Outlook

Tell the lawyers

“The government’s charges against Roger Ver are based on violations of his rights; misleading, selective quotes from communications presented to the grand jury; and, fundamentally, on the false and anachronistic pretense that US tax rules provided meaningful guidance to those who, like Ver, were among the pioneers in the now mainstream cryptocurrency economy.”

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