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Roger Ver Admits to Misconduct and Enters into Deferred Prosecution Agreement
Roger Ver, an early bitcoin investor known as “Bitcoin Jesus,” entered into a deferred prosecution agreement with the Justice Department to resolve federal tax charges brought against him. Under the agreement, Ver has paid the IRS nearly $50 million in back taxes, penalties, and interest stemming from his willful failure to properly report his bitcoin holdings on tax returns when he expatriated from the United States in 2014. Today, the government has moved to dismiss the indictment against him. The following is according to the deferred prosecution agreement: Starting in 2011, Ver began acquiring bitcoins. Over ... (full story)
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