Bitcoin Jesus Roger Ver Charged with Tax Fraud

Bitcoin Jesus Roger Ver Charged with Tax Fraud

Pablo Rodríguez
2 min read

"Bitcoin Jesus" Roger Ver Charged with $50 Million Tax Fraud

Renowned early cryptocurrency investor, Roger Ver, also known as “Bitcoin Jesus,” has been charged with tax fraud by the Department of Justice. Ver, a California native who renounced his US citizenship in 2014, is accused of evading nearly $50 million in taxes. The indictment claims that Ver failed to report his Bitcoin holdings, which were estimated to be around 131,000 Bitcoins in 2014, worth approximately $7.5 billion today. Ver's arrest in Spain over the weekend was followed by the unsealing of the indictment, and the U.S. authorities are seeking his extradition. This news comes just a day after Binance founder, Changpeng Zhao, pleaded guilty to money laundering and was sentenced to four months in jail, and a month after Sam Bankman-Fried, the former CEO of the FTX crypto exchange, was sentenced to 25 years in prison.

Key Takeaways

  • Renowned early cryptocurrency investor, Roger Ver, also known as "Bitcoin Jesus," has been charged with tax fraud by the Department of Justice, accused of evading nearly $50 million in taxes and sought for extradition.
  • Ver's failure to report 131,000 Bitcoins in 2014, worth around $7.5 billion today, has led to the indictment and international arrest.
  • Recent charges against cryptocurrency figures, including Binance's Changpeng Zhao and FTX's Sam Bankman-Fried, hint at a significant crackdown on financial offenses within the industry.


Roger Ver's tax fraud charges could have significant consequences for the cryptocurrency industry and associated entities. Ver, a key cryptocurrency influencer, allegedly evaded $50 million in taxes and underrepresented his Bitcoin holdings. This could further erode trust in cryptocurrencies, affecting exchanges like Binance and FTX, and individual investors. Extradition and trial outcomes will set precedents for crypto-related tax evasion. Moreover, this development might spur regulatory bodies to enforce stricter reporting requirements, impacting the industry's growth and development. In the short term, expect heightened scrutiny and volatility in the crypto market.

Did You Know?

  • Roger Ver: A renowned early cryptocurrency investor, known as "Bitcoin Jesus" due to his evangelism for the technology and his early investments.
  • Tax Fraud: An illegal act of not paying or underpaying taxes intentionally, as in Ver's case where he's accused of not reporting his substantial Bitcoin holdings to evade taxes.
  • Cryptocurrency holdings: Digital or virtual currencies that use cryptography for security and operate independently from any central bank. Bitcoin, the oldest and most well-known cryptocurrency, originated in 2009. Ver's failure to report his significant Bitcoin holdings constitutes tax fraud.

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