other crypto investor Roger Ver , a.k.a . ‘ Bitcoin Jesus , ’ has beencharged with a tax fraud , with the Department of Justice say he sidestep well-nigh $ 50 million in taxis .
In an bill of indictment filed in Union royal court in Los Angeles , 45 - year - honest-to-goodness Ver is charged with postal service fraud and taxation equivocation . The DOJ stated that the bill of indictment was unsealed after his arrest in Spain over the weekend , and the U.S. authorities are search his extradition .
Ver earned the nickname “ Bitcoin Jesus ” due to his other investment in cryptocurrency and histendency to preach about it . Born in California , Ver renounced his US citizenship in February 2014 to become a citizen of St. Kitts and Nevis , a dual - island country located between the Atlantic Ocean and the Caribbean Sea .
Photo: Dado Ruvic (Reuters)
agree to theindictment , Ver give out to account the 131,000 Bitcoins he own in 2014 when he renounced his citizenship . Using this method , Ver is alleged to have avoided taxes , underrepresented his Bitcoin keeping , and evaded taxes . At the moment , Bitcoin is trading at around $ 57,000 , which means Ver ’s 131,000 Bitcoins are worth about $ 7.5 billion .
Ver ’s indictment comes a Clarence Shepard Day Jr. after cryptocurrency exchangeBinance founder Changpeng Zhao who pleaded guilty last year to money laundering , received a four - calendar month gaol time . Previously , Sam Bankman - Fried , former chief operating officer of the FTX crypto exchange , was sentenced to 25 years in prison .
This article originally come out onQuartz .
BitcoinChangpeng ZhaoCryptocurrenciesJoseph BankmanLaw , CrimePrivate currenciesSam Bankman - fry
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