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Roger Ver Nears $48 Million Deal to Dodge Prison in Tax Fraud Case
Key Takeaways
- Roger Ver is close to settling US tax charges with a $48 million payment, which would avoid prison under a tentative deal with the DOJ;
- Prosecutors said Ver hid Bitcoin-related assets and renounced US citizenship in a bid to avoid taxes, despite legal obligations to report;
- Ver, linked to Donald Trump associates, also paid Roger Stone $600,000 to lobby for US tax law changes due to legal pressure.
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.
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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.