Bitcoin Investor Avoids Prison by Agreeing to Pay $50 Million in Back Taxes, Penalties

Bitcoin Investor Avoids Prison by Agreeing to Pay $50 Million in Back Taxes, Penalties

Representations of cryptocurrency bitcoin, in this illustration picture created in Paris, France, on March 9, 2024. Benoit Tessier/Illustration/Reuters

Federal prosecutors will drop all charges against Roger Ver, an early bitcoin investor known as “Bitcoin Jesus,” after he agreed to pay nearly $50 million in back taxes and penalties, authorities announced on Oct. 14.

Ver, 46, remains in Spain after being arrested in April 2024 for tax evasion. The agreement ends years of legal wrangling over his alleged underpayment of capital gains taxes after leaving the country.

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Original News Source Link – Epoch Times

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