United

Bitcoin

Million

<p>In a dramatic turn of events, Roger Ver, formerly known as “Bitcoin Jesus,” has been arrested and charged with massive tax evasion. This early investor in the flagship cryptocurrency allegedly failed to report nearly $50 million in capital gains. A dark affair that tarnishes the reputation of one of the industry’s most media-savvy pioneers.</p>
<h2 id="h-the-fall-of-a-bitcoin-icon">The fall of a Bitcoin icon</h2>
<p>The news hit the world of <a href="https://www.cointribune.com/en/canadian-institutional-investors-massively-adopt-cryptocurrencies/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrencies</a> like an earthquake. Indeed, who would have thought that the one nicknamed “Bitcoin Jesus” would one day be in the crosshairs of justice? Yet, that is exactly what has happened to Roger Ver. According to the indictment, he deliberately misled tax authorities about the extent of his Bitcoin holdings.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>At the heart of the matter is the sale of 131,000 Bitcoin in 2017. A massive transaction that should have resulted in tens of millions of dollars in capital gains. However, <a href="https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud" target="_blank" rel="noopener noreferrer nofollow">prosecutors allege</a> that Ver never reported these substantial earnings to the IRS, the U.S. tax administration. Worse, he allegedly provided false information about his assets to a law firm as part of renouncing his American citizenship.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://go.primexbt.com/click?pid=8658&amp;offer_id=12&amp;l=1594368336" target="_blank" rel="noopener noreferrer nofollow">Start trading Bitcoin with PRIME XBT</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>
<h2 id="h-the-justice-system-s-response">The justice system’s response</h2>
<p>Faced with such allegations, the authorities did not hesitate to deploy heavy artillery. Indeed, Ver (Bitcoin Jesus) was arrested in Spain, awaiting extradition procedures to the United States. There, he will have to face the consequences of his actions and confront the severity of American justice regarding tax fraud.</p>
<p>The fall of this emblematic figure also raises questions about the integrity of Bitcoin and the entire crypto ecosystem. How could such an influential ambassador fall into alleged illegality? This case will no doubt fuel the skeptics’ criticism of the credibility of the emerging industry.</p>
<p>It would be unfair to cast aspersions on an entire sector that is innovating and evolving. But this troublesome affair painfully reminds us that <a href="https://www.cointribune.com/en/changpeng-zhaos-apology-precedes-major-crypto-judgment/" target="_blank" rel="noopener noreferrer nofollow">no one is immune to misconduct</a>, even among the most fervent evangelists of the crypto cause. A lesson in humility for everyone who had turned Roger Ver (Bitcoin Jesus) into a true icon.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://join.swissborg.com/r/frederEZU5" target="_blank" rel="noopener noreferrer nofollow">Buy your first cryptocurrencies with Swissborg</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>

Roger Ver (Bitcoin Jesus) Charged With $50 Million Fraud!

Table of Contents

Cointribune EN

Other articles published on May 1, 2024

3 Cryptocurrencies to Buy Before It’s Too Late: Polygon (MATIC), Bonk (BONK) and InQubeta (QUBE)

$WIF Tanks Over 50% In Last Month – But One New Memecoin Is Bucking the Bearish Trend

States’ backlash against Binance.US continues with 6th license pulled

Here’s Why This Expert Thinks ‘Altcoins Will Breakdown’

Ethereum Co-founder Highlights Pitfalls in Relying on Hardware Wallets

‘Buy The Dip’ Cryptos Revealed for May 2024

Join our free newsletter for daily crypto updates!