“Bitcoin Jesus” Faces 109-Year Sentence as $48M Tax Extradition Battle Hits Europe
Main Idea
Roger Ver, known as 'Bitcoin Jesus,' is fighting a 109-year prison sentence and a $48M tax evasion case, arguing that his extradition from Spain to the U.S. violates his legal protections and that the IRS's exit tax is unconstitutional.
Key Points
1. Roger Ver filed a lawsuit with the European Court of Human Rights, claiming Spain violated his legal protections by approving his extradition to the U.S.
2. Ver is charged with mail fraud, tax evasion, and failing to pay over $48 million in taxes related to his 2017 bitcoin sales, despite renouncing his U.S. citizenship in 2014.
3. Ver's legal team argues the IRS's exit tax is unconstitutional and that U.S. tax policy on crypto assets was unclear during the relevant period.
4. The case has sparked controversy in the crypto community, with figures like Ross Ulbricht supporting Ver and others like Dan Held criticizing him for damaging Bitcoin's development.
5. Ver reportedly paid $600,000 to Trump ally Roger Stone for lobbying efforts to challenge the law under which he was charged.
Description
Roger Ver, the early Bitcoin investor famously nicknamed “Bitcoin Jesus,” has filed a lawsuit against the Spanish government in a bid to block his extradition to the United States, where he faces criminal tax fraud charges that could result in a prison sentence of more than 100 years. The lawsuit, filed with the European Court of Human Rights in Strasbourg last month, argues that Spain violated Ver’s legal protections when it approved a U.S. request to extradite him to Los Angeles. Roger Ver Fig...
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