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IPFS News Link • Bitcoin

Expert Insight: The "Bitcoin Jesus" Tax Indictment | Roger Keith Ver's Covered Expatri

•, IRSMedic

Alongside John Richardson, a renowned expert on the renunciation of US citizenship and the US exit tax, they navigate the legal intricacies surrounding Mr. Ver's charges which include mail fraud and filing a false tax return. This in-depth discussion provides an insightful look into the complexities and repercussions of tax evasion. Tune in to gain a better understanding of these high-profile tax cases.

Roger Keith Ver, often referred to as "Bitcoin Jesus," is a prominent figure in the cryptocurrency world. Born on January 27, 1979, in San Jose, California, he has been an early investor in Bitcoin and a vocal advocate for its adoption. Ver's enthusiasm for Bitcoin led him to promote it extensively, earning him the nickname "Bitcoin Jesus" for his evangelical efforts. He was also a key player in the founding of the Bitcoin Foundation in 2012, which aimed to restore the reputation of Bitcoin after some scandals.

Ver's advocacy for Bitcoin extended to promoting Bitcoin Cash as well, a hard fork of Bitcoin that he saw as fulfilling the original vision of Bitcoin as a peer-to-peer electronic cash system. He has been involved in various Bitcoin-related startups and has been an influential Roger Keith Ver is facing several serious legal challenges. He has been indicted on multiple counts, including mail fraud, tax evasion, and filing false tax returns. These charges stem from allegations of providing false information to his legal advisors regarding the number of bitcoins he owned and controlled, both personally and through his companies. This misleading information was used to prepare tax returns that significantly undervalued his assets, leading to substantial tax evasion. Ver allegedly sold tens of thousands of bitcoins in 2017 for approximately $240 million without properly reporting the transactions or paying the required taxes. If convicted, he could face a maximum sentence of 20 years in federal prison for each count of mail fraud, up to five years for each count of tax evasion, and up to three years for each count of subscribing to a false tax return.