'Bitcoin Jesus' Roger Ver Arrested in Spain, Faces 109 Years for Tax Evasion

February 21, 2025
'Bitcoin Jesus' Roger Ver Arrested in Spain, Faces 109 Years for Tax Evasion
  • During his presidential campaign, Trump had pledged to pardon Ulbricht, aiming to garner support from the crypto community.

  • Ver's situation has drawn significant attention, with supporters rallying for his cause amid the serious implications of his legal battles.

  • US authorities claim that Ver failed to report substantial capital gains from Bitcoin sales and underreported the value of two companies when renouncing his US citizenship.

  • Roger Ver, known as 'Bitcoin Jesus', was arrested in Spain in April 2024 on serious charges including tax evasion, fraud, and filing false tax returns, stemming from allegations of underreporting capital gains from Bitcoin sales in 2014.

  • Prosecutors allege that Ver concealed significant Bitcoin holdings, specifically 131,000 Bitcoin valued at nearly $240 million at the time of sale in 2017, resulting in a tax shortfall of $48 million.

  • The IRS mandates that US citizens pay all taxes owed prior to renouncing their citizenship, which is central to the allegations against Ver.

  • Ver has denied the allegations, claiming he faced challenges in submitting an exit tax request due to a lack of liquid markets for Bitcoin at the time.

  • In December 2024, Ver attempted to have his case dismissed, arguing that US exit tax laws are unconstitutional and vague.

  • In a video posted on January 26, 2025, Ver appealed to former President Donald Trump for assistance, asserting that only Trump's 'commitment to justice' could help him.

  • Ross Ulbricht, the pardoned creator of Silk Road, has publicly advocated for Ver's release, expressing gratitude for Ver's past support during his imprisonment.

  • Ulbricht received a full pardon from Trump on January 21, 2025, after serving 12 years for charges related to Silk Road, and Trump had previously promised to support the crypto community.

  • US authorities are pursuing Ver's extradition, with potential penalties of up to 109 years in prison if he is convicted of the charges against him.

Summary based on 2 sources


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