On April 30, 2024, the U.S. Department of Justice (DOJ) detained Roger Ver, a trailblazing investor in bitcoin, on accusations of tax evasion and submitting fraudulent tax returns. The following update is accompanied by a statement from Bitcoin.com regarding the allegations against the company’s founder.
Bitcoin Investor Roger Ver Charged With Tax Evasion
According to the DOJ press release, by 2014, Roger Ver and his companies, Memorydealers and Agilestar, reportedly controlled over 131,000 bitcoins, each valued at about $871. Memorydealers and Agilestar allegedly maintained control of approximately 73,000 of those bitcoins. However, he is accused of supplying misleading information to legal and valuation experts to minimize these assets’ declared value.
This alleged misstatement, according to the U.S. government, resulted in underreported company tax returns and the evasion of the mandatory “exit tax” on capital gains from his worldwide assets. Ver was apprehended in Spain, and the DOJ declared that the government intends to extradite him to face trial in the United States.
Statement From Bitcoin.com
“In light of the recent news, we want to underscore that these legal matters pertain solely to Roger and have no bearing on Bitcoin.com. While we cannot comment on the specifics of the allegations, we stand by Roger and his contributions to the cryptocurrency space,” a Bitcoin.com spokesperson told our newsdesk.
“Importantly, these legal proceedings do not affect our operations or the services we provide. Bitcoin.com remains steadfast in our mission of making money accessible to everyone, everywhere, without limits. Our commitment to this mission remains unwavering. This litigation does not affect our operations or the services we provide. Our non-custodial wallet ensures that users always maintain control of their funds,” the spokesperson added.
I find it quite funny that Bitcoin.com needs to talk to its spokesperson in order to write about this.Yes, that's somewhat funny but I believe they don't want to have any clashes with Roger Ver as he's been a part of the crypto sphere for a long time and that's why Bitcoin.com want to have some distance from this issue.
Bitcoin.com remains steadfast in our mission of making money accessible to everyone, everywhere, without limitsIt seems as if they are presenting themselves as they and "Bitcoin" the same thing!!!
Really funny, what made me laugh the most was this quote:If America imposes a strict ban on the use of bitcoin like this, it will be bad news for bitcoin and most likely this will cause the price of bitcoin to collapse. I suspect that what the American government is doing is aimed at controlling the price of bitcoin.QuoteBitcoin.com remains steadfast in our mission of making money accessible to everyone, everywhere, without limitsIt seems as if they are presenting themselves as they and "Bitcoin" the same thing!!!
In any case, the United States began its major war against everything related to Bitcoin and Crypto, starting with central and decentralized third-party services and ending with institutions and individuals, in a clear message that no one is outside its grip.
It is clear that they will now start prosecuting all known personalities who own Bitcoin on charges of tax evasion.
If America imposes a strict ban on the use of bitcoin like this, it will be bad news for bitcoin and most likely this will cause the price of bitcoin to collapse. I suspect that what the American government is doing is aimed at controlling the price of bitcoin.No, at all, I do not expect that the goal of the American government is to control the price of Bitcoin. It is possible that they control the price to make it volatile, increase the risks for investors, and spread panic among investors, but that is certainly not their primary goal.
I find it quite funny that Bitcoin.com needs to talk to its spokesperson in order to write about this.Yes, that's somewhat funny but I believe they don't want to have any clashes with Roger Ver as he's been a part of the crypto sphere for a long time and that's why Bitcoin.com want to have some distance from this issue.
If America imposes a strict ban on the use of bitcoin like this, it will be bad news for bitcoin and most likely this will cause the price of bitcoin to collapse. I suspect that what the American government is doing is aimed at controlling the price of bitcoin.
Ver allegedly hired a law firm to assist him with his expatriation and to prepare his expatriation-related tax returns. Ver also allegedly hired an appraiser to value his two companies. Ver allegedly provided or caused to be provided false or misleading information to the law firm and appraiser that concealed the true number of bitcoins he and his companies owned. As a result, the law firm allegedly prepared and filed false tax returns that substantially undervalued the two companies and their 73,000 bitcoins and did not report that Ver owned any bitcoins personally.
Following the pattern of very rich bitcoiners who fail to pay their taxes and somehow get arrested in Span, Roger Ver has just been detailed for exactly that, according to reports.
I believe that next time those who are having crypto investments should think twice about the taxes because now it's going to be tough for the investors who used to ignore the taxes of crypto currencies.
Tax evasion has always been a crime and no matter if someone does that as a crypto investors or any other kind of investor. Roger Ver will have to bear the consequences of his actions, who know what's going to happen to him from now on.
Yes, that's somewhat funny but I believe they don't want to have any clashes with Roger Ver as he's been a part of the crypto sphere for a long time and that's why Bitcoin.com want to have some distance from this issue.I used to be a big fan of Roger Ver and believed that BCH was actually more attractive than BTC due to its larger block size. Unfortunately, BCH was not chosen by the community for many reasons. I hope Roger Ver can settle this lawsuit to avoid a multi-year prison sentence for tax evasion. We will continue to wait for the latest news on this event, although I am not really that interested in it. I prefer to follow the price chart rather than legal news.
I believe that next time those who are having crypto investments should think twice about the taxes because now it's going to be tough for the investors who used to ignore the taxes of crypto currencies.
Tax evasion has always been a crime and no matter if someone does that as a crypto investors or any other kind of investor. Roger Ver will have to bear the consequences of his actions, who know what's going to happen to him from now on.
Crypto people - who probably don't know squat about this case - side instinctively with authorities and Main Stream Media
NotaTether
SamReomo
From these examples you see what the "crypto community" has become
Crypto people - who probably don't know squat about this case - side instinctively with authorities and Main Stream MediaYou're wrong in that case because we never took side of authorities or main stream media because we don't have anything to do with those.
NotaTether
SamReomo
From these examples you see what the "crypto community" has become
Exactly, as long as this truth is supported by logical and real evidence, it cannot be denied. I am also neutral and only explain that the actions that must be taken should depend on the surrounding conditions.Crypto people - who probably don't know squat about this case - side instinctively with authorities and Main Stream MediaYou're wrong in that case because we never took side of authorities or main stream media because we don't have anything to do with those.
NotaTether
SamReomo
From these examples you see what the "crypto community" has become
However, what's true is always going to be true and we will always speak the truth.
I think you need to study in depth about Roger Ver because you might not be understanding that why we have said those words.
It is a well-known fact that Roger Ver's US-based businesses fell afoul of the US tax laws, despite no longer being a US citizen.
I think you need to study in depth about Roger Ver because you might not be understanding that why we have said those words.
Likely won't be the 1st bitcoiner from the beginning that we see arrested for evading taxes. Government is always watching, people need to realize that. They're getting their piece regardless.How can they charge him for avoiding taxes when he renounced US citizenship a long time ago?
Depends on when he sold bitcoins and where he operated business from. If he was operating from the USA or sold btc while living in the USA, they can get their piece.Likely won't be the 1st bitcoiner from the beginning that we see arrested for evading taxes. Government is always watching, people need to realize that. They're getting their piece regardless.How can they charge him for avoiding taxes when he renounced US citizenship a long time ago?
He doesn't live there anymore, but problem is that he is a public figure and they don't like what he is saying, so fter so many years they just now decided to arrest him in foreign country.
Last thing I hear that he is now in the same prison as John McAfee in Spain, let's hope they won't kill him in similar way.
If America imposes a strict ban on the use of bitcoin like this, it will be bad news for bitcoin and most likely this will cause the price of bitcoin to collapse. I suspect that what the American government is doing is aimed at controlling the price of bitcoin.If America becomes the next China, then BT will definitely face huge downtrends, but China did not accepted ETFs, and USA did, which means USA took the financial benefit from BTC by accepting it. Now they just have started so I don't think they will create a situation in which investors will suffer to live. As if investors won't be given proper facilities then they might even leave the country.
As, leaving the country can save them tax as well. Besides if USA citizens stop buying and selling BTC, it will still be functional. As BTC price is no doubt greatly influenced by USA but with time it will recover and the trend will shift to another country maybe.
Excuse me? Where did I say I side with authorities and main stream media on this?
It is a well-known fact that Roger Ver's US-based businesses fell afoul of the US tax laws, despite no longer being a US citizen. Those are the kind of things that can get you into trouble with them.
Excuse me? Where did I say I side with authorities and main stream media on this?
It is a well-known fact that Roger Ver's US-based businesses fell afoul of the US tax laws, despite no longer being a US citizen. Those are the kind of things that can get you into trouble with them.
You have to pay a massive exit tax to renounce your American citizenship, so this is not viable except to really rich people who move to tax havens to keep their wealth (and they will not be allowed to enter the US again if tax evasion is the reason why they did that).Land of the fReE :o
44 million in tax evasion, that's why he is in trouble, not because he used bitcoins or money or anything else.Well, $44M worth of tax evasion is huge and no doubt the government will sue Roger Ver correct me of I'm wrong. I think that was just a fair action by authorities in that matter and really has nothing to do with Bitcoin. Whatever the hidden agenda that others might think what the authorities are doing is that it may fall into like a conspiracy theory as for me it was a clear tax evasion.
Well... repeating what main stream media say is called siding with mainstream media, NotATether
You have to pay a massive exit tax to renounce your American citizenship, so this is not viable except to really rich people who move to tax havens to keep their wealth (and they will not be allowed to enter the US again if tax evasion is the reason why they did that).So, you are saying if a person moves to another city they have to tell the US official why they are going to a tax haven even if it's obvious to know or assume. Why would they not be welcome by them again? It's a little selfish well, if they are then they should not allow them to flee in such tax havens. Actually, this info is new for me as till now I have seen a lot of people using this facility and still, they are American citizens.
This is the result of being too arrogant in Cryptocurrency, especially when one lives in the United States which is very strict and careful with their finances, including in the world of taxes. With the case that happened to Roger Ver, this can be a lesson when you want to build a Cryptocurrency business, so it's better not to be in a country that has strict financial conditions.44 million in tax evasion, that's why he is in trouble, not because he used bitcoins or money or anything else.Well, $44M worth of tax evasion is huge and no doubt the government will sue Roger Ver correct me of I'm wrong. I think that was just a fair action by authorities in that matter and really has nothing to do with Bitcoin. Whatever the hidden agenda that others might think what the authorities are doing is that it may fall into like a conspiracy theory as for me it was a clear tax evasion.
You have to pay a massive exit tax to renounce your American citizenship, so this is not viable except to really rich people who move to tax havens to keep their wealth (and they will not be allowed to enter the US again if tax evasion is the reason why they did that).So, you are saying if a person moves to another city they have to tell the US official why they are going to a tax haven even if it's obvious to know or assume.
Besides, why would a person give up his status of US citizenship in order to go to tax havens he can also go there as a tourists or not?
Facebook cofounder Eduardo Saverin also left the country and renounced his citizenship so that he didn't have to pay taxes from his ~7 billion dollar stock, and i'm sure there are a few other cases too.I don't think they arrested this guy, but I know many people who left to live in Mexico and other countries around the world.
Latest news that Roger Ver could be facing 30 years in prison :o
44 million in tax evasion, that's why he is in trouble, not because he used bitcoins or money or anything else.Well, $44M worth of tax evasion is huge and no doubt the government will sue Roger Ver correct me of I'm wrong. I think that was just a fair action by authorities in that matter and really has nothing to do with Bitcoin. Whatever the hidden agenda that others might think what the authorities are doing is that it may fall into like a conspiracy theory as for me it was a clear tax evasion.
See? They give people all kinds of stupid-ass sentences for a tax-related crime.This New Normal world is crazy, so they could even arrest you for thinking with your own head soon.
Ross is serving a double-life sentence without parole for making a drug store.Right, they made him look worse that a serial killer, and we allready know corrupt agents worked on his case.
what I do know is that he has been attacking Bitcoin for many years.
Not true
Stop smearing people putting words in their mouth freemind
Ver has been attacking a "BTC" that didn't work anymore as a mean of payment but just as a tool to make money
There you go freemind
What Happened To Bitcoin? (https://www.altcoinstalks.com/index.php?topic=320583.msg1543523#msg1543523)
Ver has been promoting a coin that should fulfil the task of BTC according to its original goal - which is to replace fiat.
You are smearing Ver as a BTC traitor.
BTC traitors are those crypto people - how about you - who are accustomed to use BTC just as a tool to make money.
You call Ver parasite.
In my view parasites are those - how about you - taking advantage of a currency that was meant to replace fiat with sound money - to improve society - and turning it simply into a tool to make money.
Let's not multiply the threads unnecessarily
Roger Ver has been arrested (https://www.altcoinstalks.com/index.php?topic=320949.msg1561346#msg1561346)
It may sound heartless, but the IRS doesn't go after someone because they don't like them,
See? They give people all kinds of stupid-ass sentences for a tax-related crime.
Ross is serving a double-life sentence without parole for making a drug store.
And then you have the Tornado Cash guy serving over a year in prison for making a mixer.
Meanwhile, it is almost impossible to put people like Donald Trump in prison even for one day.
The justice system in the US is two-tiered: One for rich old fiat white men and one for the rest of us.
Try to indict Jamie Dimon for anything, for example - it's not going to happen - if anything even, it'll just be a slap on the wrist.