Ver has been arrested over $48 million worth of unpaid taxes.
Share on linkedin Roger Ver has been arrested for tax evasion on the sale of $240 million worth of bitcoin in Spain. He awaits extradition.The 45-year-old is from an early vein of Bitcoin investors with deep allegiance to libertarian values. He renounced his U.S. citizenship in 2014, to become a citizen of St. Kitts, in the West Indies., Ver is charged with tax evasion after allegedly selling a stash of bitcoin owned by his U.S.-based companies, MemoryDealers.com and AgileStar.com, in 2017.
He concealed these sales from his accountant, according to prosecutors, and failed to pay $48 million in taxes that would have been due the IRS, as the property of domestic companies.Bitcoin price rose incredibly quickly in 2017, starting the year at a bit under $1000, and rising to nearly $20,000 in December, before beginning a long decline.
At its high point, Ver would have only needed to sell 12,000 bitcoins to bring in $240 million, at market prices.Ver has broken with the mainstream Bitcoin community, opting to promote bitcoin cash , the 16th largest cryptocurrency. BCC is a fork of the original cryptocurrency designed to be more useable for peer-to-peer payments.
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