rogerver

🚨 The tax-avoidance scheme of “Bitcoin Jesus” Roger Ver backfires ten years later: he reported paying $1.03 million in taxes, but now faces up to $49.9 million more—48 times the original amount!

📌 The backstory (according to Reuters, cited by BlockBeats):
• In 2011, he bought a large amount of $BTC for less than $3 million
• In February 2014, he became a citizen of Saint Kitts and Nevis, and renounced his U.S. citizenship the following month
• At the time, he and his companies held at least 131,000 BTC, worth over $70 million
• The U.S. “exit tax” treats all assets as if they were sold the day before expatriation, with capital gains taxed accordingly
• He failed to report the BTC he held personally and undervalued his companies’ assets; the statute of limitations does not apply to tax evasion involving fraud
• Earlier this month, he reached a deferred prosecution agreement with the U.S. Department of Justice. The charges were dropped in exchange for a penalty of up to $49.9 million

🧠 My take:
1️⃣ On-chain records are permanent. Every transaction underreported today could come to light ten years later
2️⃣ Changing citizenship ≠ avoiding taxes. The U.S. can pursue citizens and former citizens for a very long time
3️⃣ No matter how high the cost of compliance, it’s still far cheaper than back taxes plus penalties

Current market: Fear & Greed Index 53 (Neutral).

How many other early whales do you think are sitting on similar tax time bombs? Let’s talk in the comments 👇

#比特币 #加密税务 #RogerVer $BTC
For personal opinions only; not investment advice

📰 “Bitcoin Jesus” Roger Ver has reached a deferred prosecution agreement with the U.S. Department of Justice. The case has taken a new turn, but this does not mean he has been pardoned by the president.

🔥 Under the agreement, as long as Ver complies with its terms, the indictment against him will be dismissed in a month. The IRS can still seek to collect taxes, civil penalties, and interest from him. That’s no small sum, and the agreement doesn’t mean the matter is unconditionally settled.

👀 The DOJ previously accused Ver of owing at least $48 million in taxes after he renounced his U.S. citizenship and obtained citizenship in Saint Kitts and Nevis in 2014. He was arrested in Spain in April 2024.

🤔 Earlier this year, Ver publicly asked Trump to help end the legal action. In the end, he didn’t get a presidential pardon; instead, the case was handled through an agreement. Honestly, this outcome is a far cry from being “pardoned”: the indictment may be dismissed, but tax collection efforts remain.

💬 Do you think this kind of agreement wraps up the case, or does it ultimately depend on how the tax collection plays out?

#RogerVer #比特币 #美国税务 #CryptoIndustry

He taught #bitcoin to the world.
But couldn't afford his own rent.

#AndreasAntonopoulos bought $BTC early.
Sold in 2013 just to survive.

Then #rogerver — "Bitcoin Jesus" — mocked him publicly for never getting rich.

The community didn't argue.
They acted.

1,000+ strangers sent him 100 #BTC in 48 hours.
One person alone sent 79 BTC.
$1.5 million. From strangers. On the internet.

Those 100 BTC?
Worth $7 million+ today.

Bitcoin didn't just change finance.
It built a community that protects its own.

You can mock a man for being broke.
But you can't mock what Bitcoin does to people's hearts.

This is why we're here.
Not just for the gains.
For the culture.