Cryptocurrency news

Roger Vera was arrested for tax evasion

Forklog / 01.05.2024 / 07:08
Roger Vera was arrested for tax evasion

"Bitcoin Jesus" and the founder Bitcoin.com Roger Vera was detained in Spain on charges of tax fraud by the US Department of Justice. 

Authorities intend to have him extradited to the United States, where he is charged with mail fraud, tax evasion and filing false returns. 

According to a statement from law enforcement, Ver allegedly hid possession of the first cryptocurrency from the US Internal Revenue Service (IRS), which caused losses in the amount of $48 million. 

In June 2017, two of the accused's companies owned approximately 70,000 BTC, which he later appropriated, hiding information from an accountant, and "sold tens of thousands of them on cryptocurrency exchanges for about $240 million."

"Despite the fact that Ver was not a U.S. citizen at the time, he was still legally required to report to the IRS and pay taxes on certain income, including dividends from MemoryDealers and Agilestar, which were American corporations," the Justice Department said in its materials.

The entrepreneur also used legal services to prepare and file false tax returns that underestimated the value of his two companies. 

Ver resided in Santa Clara, California, but renounced his U.S. citizenship in 2014 after receiving a St. Kitts and Nevis passport in the Caribbean.

Earlier, Charles O. Parks III, a resident of Nebraska (USA), also known as CP3O, was accused of stealing $3.5 million from cloud computing services in order to mine cryptocurrencies.

Recall that on April 30, Binance founder Changpeng Zhao was sentenced to four months in prison for money laundering and other illegal activities.

Source
Recently News

© Token Radar 2024. All Rights Reserved.
IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.