"Bitcoin Jesus" Roger Ver Pays Nearly $50 Million to Settle U.S. Tax Case

ChainCatcher news, according to Bloomberg, the cryptocurrency advocate known as "Bitcoin Jesus," Roger Ver, has paid nearly $50 million to settle U.S. tax evasion charges without admitting guilt.

The U.S. Department of Justice stated on Tuesday that prosecutors have agreed to drop the charges against Ver. In a deferred prosecution agreement, Ver admitted that after renouncing his U.S. citizenship in 2014, he failed to pay all required taxes to the IRS when selling bitcoin. Previously, prosecutors accused Ver of profiting from the sale of $240 million worth of crypto tokens and evading more than $48 million in taxes. He was arrested by Spanish authorities but was released on bail in Mallorca.

After Trump returned to the White House, Ver lobbied for his case on social media and requested a pardon. Ver's lawyers later withdrew the pardon request and negotiated the agreement announced on Tuesday. Ver agreed not to seek tax refunds for the next three years. The documents state that if he violates the agreement, prosecutors may seek to reinstate the charges against him.