Roger Ver, often referred to as “Bitcoin Jesus”, is close to finalizing a deal with the US government that could help him avoid a prison sentence.
As reported by The New York Times on October 9, Ver’s legal team has reached a preliminary arrangement with the US Department of Justice (DOJ). The agreement would require him to pay $48 million.
These charges were originally filed in April 2024, when prosecutors accused him of both mail fraud and attempting to avoid tax obligations. At the time, the US sought his extradition from Spain to face trial.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
How Can You Earn Money With Axie Infinity? (AXS Animated Explainer)
The accusations suggest that Ver misrepresented information on tax documents connected to his Bitcoin
It is alleged that he tried to avoid US taxes by giving up his American citizenship and later becoming a citizen of St. Kitts and Nevis.
Although he no longer held US citizenship, the DOJ maintains that Ver still had to report certain financial activities and distributions to the IRS. According to the DOJ’s April 2024 statement, this obligation remained despite his change in nationality.
Additionally, Ver reportedly hired lawyers who previously worked for President Donald Trump and paid political consultant Roger Stone $600,000 to lobby for adjustments to US tax policy.
Recently, Senator Ron Wyden, chair of the Senate Finance Committee, accused Dan Morehead, founder of Pantera Capital. Why? Read the full story.
