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3h ago

Roger Ver Reaches Deferred Prosecution Deal in U.S. Tax Case

Prosecutors say he has already paid nearly $50 million to resolve tax liabilities stemming from his 2014 expatriation.

Roger Ver at a crypto conference in 2018.
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Overview

  • The Justice Department said in a court filing that Ver entered a deferred prosecution agreement in Los Angeles resolving mail fraud and tax evasion charges.
  • Under the deal, the IRS may collect up to $49.9 million covering tax, penalties and interest, and the government moved today to dismiss the indictment.
  • In the agreement, Ver admitted willful failures to report all bitcoin holdings on expatriation-related returns, with DOJ estimating a tax loss of about $16.9 million.
  • Ver, a citizen of St. Kitts and Nevis since 2014, was arrested in Spain in April 2024 after prosecutors alleged at least $48 million in unpaid U.S. taxes tied to bitcoin.
  • Ver was represented by attorney Christopher Kise, and the DOJ filing lists Associate Deputy Attorney General Ketan Bhirud as the senior official on the matter.