'Tax evasion allegations' Roger Ver agrees to $48 million fine with U.S. Department of Justice
JH Kim
Summary
- Roger Ver reportedly agreed with the U.S. Department of Justice to a $48 million fine over about $50 million in tax evasion allegations.
- Roger Ver is accused of failing to report proceeds from sales of Bitcoin (BTC) assets from 2014 to 2017.
- The Department of Justice said the agreement ends criminal prosecution, but civil tax proceedings may continue.
On the 9th (local time), The New York Times (NYT) reported that Roger Ver, the former CEO of Bitcoin.com, who was indicted on about $50 million in tax evasion allegations, has agreed to pay a $48 million fine to the U.S. Department of Justice.
Roger Ver is accused of failing to report proceeds from sales of his Bitcoin (BTC) holdings from 2014 to 2017. The Department of Justice said the agreement concludes the criminal prosecution, but civil tax proceedings may still follow.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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