‘Bitcoin Jesus’ Charged in $50 Million Tax Fraud

Early crypto investor Roger Ver , a.k.a. ‘ Bitcoin Jesus,’ has been charged with a tax fraud, with the Department of Justice saying he evaded nearly $50 million in taxes. In an indictment filed in federal court in Los Angeles, 45-year-old Ver is charged with mail fraud and tax evasion. The DOJ stated that the indictment was unsealed after his arrest in Spain over the weekend, and the U.S. authorities are seeking his extradition.

Kitts and Nevis, a dual-island nation located between the Atlantic Ocean and the Caribbean Sea. According to the indictment, Ver failed to report the 131,000 Bitcoins he owned in 2014 when he renounced his citizenship. Using this method, Ver is alleged to have avoided taxes, underrepresented his Bitcoin holdings, and evaded taxes. At the moment, Bitcoin is trading at around $57,000, which means Ver’s 131,000 Bitcoins are worth about $7.5 billion.

Source: Digital Coin News (digitalcoinnews.net)

Roger Ver Binance Changpeng Zhao Financial Technology FTX Cryptocurrency And Crime Craig Steven Wright Joseph Bankman Cryptocurrencies Private Currencies Sam Bankman-Fried Law Crime Gizmodo

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange ListingCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

US Justice Dept charges Roger Ver with tax fraudEarly crypto investor ‘Bitcoin Jesus’ faces extradition to the U.S. after being charged with evading nearly $50 million in taxes.
Source: Cointelegraph - 🏆 562. / 51 Read more »

This TikTok-Approved $50 Cashmere Sweater Is the Perfect Summer Layering PieceThe Quince sweater is made with a crew neckline that's perfect for layering over a tank top or T-shirt. Since it comes in a range of neutral and bold shades, you can pair the sweater with jeans or trousers making it versatile enough to wear from the office to happy hour.
Source: billboard - 🏆 112. / 63 Read more »

The best Mother's Day gift ideas under $50 are budget-friendly surprises Mom will loveGive Mom a thoughtful present this Mother's Day with one of these carefully curated gift ideas under $50.
Source: CBSNews - 🏆 87. / 68 Read more »

Found: 12 Pretty Spring Maxi Dresses You Can Snag on Amazon—All Under $50Available sizes: S-XL The bold prints, the wrap silhouette, the side slit. Yes, this is absolutely a maxi dress that’s essential for warmer spring weather. The silhouette swishes and flows effortlessly, and the slit is perfect for showing off the skin you’ve been covering up all winter.
Source: iamwellandgood - 🏆 462. / 53 Read more »

Save $50 on the fantastic Bose QuietComfort Ultra wireless earbudsThe Bose QuietComfort Ultra are a great pair of earbuds and they're currently on sale at Walmart for a great price.
Source: DigitalTrends - 🏆 95. / 65 Read more »