PANews reported on October 15th that Roger Ver, the cryptocurrency advocate known as "Bitcoin Jesus," paid nearly $50 million to settle US tax evasion charges without admitting guilt, according to Bloomberg. The US Department of Justice said on Tuesday that prosecutors agreed to drop charges against Ver. Ver admitted in a deferred prosecution agreement that he failed to pay all taxes due to the IRS on the sale of Bitcoin after he renounced his US citizenship in 2014. Prosecutors had previously accused Ver of evading more than $48 million in taxes by profiting from the sale of $240 million worth of crypto tokens. He was arrested by Spanish authorities but released on bail in Mallorca. After Trump returned to the White House, Ver lobbied for his case on social media and requested a pardon. Ver's lawyers later dropped the pardon request and negotiated the agreement announced on Tuesday. Ver agreed not to seek tax refunds for the next three years. The document states that if he violates the agreement, prosecutors could seek to reinstate the charges against him.PANews reported on October 15th that Roger Ver, the cryptocurrency advocate known as "Bitcoin Jesus," paid nearly $50 million to settle US tax evasion charges without admitting guilt, according to Bloomberg. The US Department of Justice said on Tuesday that prosecutors agreed to drop charges against Ver. Ver admitted in a deferred prosecution agreement that he failed to pay all taxes due to the IRS on the sale of Bitcoin after he renounced his US citizenship in 2014. Prosecutors had previously accused Ver of evading more than $48 million in taxes by profiting from the sale of $240 million worth of crypto tokens. He was arrested by Spanish authorities but released on bail in Mallorca. After Trump returned to the White House, Ver lobbied for his case on social media and requested a pardon. Ver's lawyers later dropped the pardon request and negotiated the agreement announced on Tuesday. Ver agreed not to seek tax refunds for the next three years. The document states that if he violates the agreement, prosecutors could seek to reinstate the charges against him.
'Bitcoin Jesus' Roger Ver to Pay Nearly $50 Million to Settle US Tax Case
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PANews reported on October 15th that Roger Ver, the cryptocurrency advocate known as "Bitcoin Jesus," paid nearly $50 million to settle US tax evasion charges without admitting guilt, according to Bloomberg. The US Department of Justice said on Tuesday that prosecutors agreed to drop charges against Ver. Ver admitted in a deferred prosecution agreement that he failed to pay all taxes due to the IRS on the sale of Bitcoin after he renounced his US citizenship in 2014. Prosecutors had previously accused Ver of evading more than $48 million in taxes by profiting from the sale of $240 million worth of crypto tokens. He was arrested by Spanish authorities but released on bail in Mallorca. After Trump returned to the White House, Ver lobbied for his case on social media and requested a pardon. Ver's lawyers later dropped the pardon request and negotiated the agreement announced on Tuesday. Ver agreed not to seek tax refunds for the next three years. The document states that if he violates the agreement, prosecutors could seek to reinstate the charges against him.
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