'Bitcoin Jesus' Roger Ver Arrested in Spain, Faces 109 Years for Tax Evasion
February 21, 2025
Prosecutors allege that Ver concealed 131,000 Bitcoin, valued at approximately $240 million in 2017, resulting in a tax shortfall of $48 million.
U.S. authorities claim that Ver failed to report substantial capital gains from Bitcoin sales and did not comply with exit tax procedures, leading to an extradition request.
Market predictions indicate only a 10% chance of Ver's release within the first hundred days of Trump's presidency.
Ulbricht's pardon was part of Trump's campaign promise to garner support from the crypto community, highlighting the ongoing legal battles faced by figures in the cryptocurrency space.
Ver's defense argues that the IRS's interpretation of exit tax law is flawed and that the laws are unreasonably vague, complicating compliance.
Ver denies the allegations, citing challenges in submitting an exit tax request due to a lack of liquid markets for Bitcoin at the time.
Both Ulbricht and Ver are recognized as early Bitcoin adopters, utilizing its potential while facing severe legal consequences from U.S. tax regulations.
Ross Ulbricht, the founder of Silk Road, was granted a full pardon by former President Trump on January 21, 2025, after serving 12 years in prison.
Following his release, Ulbricht publicly supported jailed Bitcoin advocate Roger Ver, calling for a movement to 'free Bitcoin Jesus' and expressing gratitude for Ver's support during his own struggles.
Roger Ver faces severe legal challenges, including a potential life sentence due to allegations of failing to pay exit taxes after renouncing his U.S. citizenship for residency in Japan in 2014.
Ver was arrested in Spain in April 2024 on charges of tax evasion, fraud, and filing false tax returns, stemming from accusations of underreporting capital gains from Bitcoin sales.
In a video posted on January 26, 2025, Ver appealed to Trump for assistance, claiming that only Trump's 'commitment to justice' could save him.
Summary based on 4 sources
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Cointelegraph • Feb 21, 2025
Ross Ulbricht calls for ‘Bitcoin Jesus’ Roger Ver to be freed next
Cointelegraph • Feb 21, 2025
Ross Ulbricht calls for ‘Bitcoin Jesus’ Roger Ver to be freed next