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The United States Department of Justice has charged and arrested Roger Ver, an early BTC investor known as Bitcoin Jesus, for evading taxes of up to $50 million.Ver of filing false tax returns, committing mail fraud and tax evasion between 2011 and 2017 through his computer and networking equipment companies MemoryDealers Inc. and Agilestar Inc.
By February 2014, Ver and his companies had acquired roughly 131,000 BTC that traded on several crypto exchanges for approximately $871 each. Around 73,000 BTC from the stash allegedly belonged to MemoryDealers and Agilestar, while the rest were for Ver. Additionally, Ver allegedly took possession of 70,000 BTC owned by his companies in 2017 and sold a large part of them for roughly $240 million in cash. Despite not being a U.S. citizen, the DOJ said Ver was obligated to report the transactions to the Internal Revenue Service and pay tax on his companies’ dividends since they were still U.S. corporations. However, Ver did the opposite and failed to report his gains to his accountant too.
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