Roger Ver Arrested on Tax Fraud Charges
A recent indictment has brought to light three charges against Roger Ver, who was an early investor in bitcoin.
According to a statement released by the US Department of Justice on Tuesday, Ver has been accused of committing mail fraud, tax evasion, and filing false tax returns.
He was arrested in Spain over the weekend and may face extradition to the US. The indictment states that Ver allegedly hid his ownership of bitcoins from the IRS, resulting in a loss of $48 million.
It also claims that as of June 2017, Ver’s two companies still owned around 70,000 bitcoins, which he later sold for approximately $240 million in cash.
Despite not being a US citizen, Ver was still required by law to report and pay taxes on certain distributions, such as dividends, from his companies. However, he allegedly failed to do so and concealed the fact that he had received and sold bitcoins from his accountant.
