“Bitcoin Jesus” Roger Ver ordered to pay up to $49.9 million in taxes 10 years after renouncing US citizenship

Odaily Report: Earlier this month, the US Department of Justice announced that it had reached a deferred prosecution agreement with Roger Ver, under which his fraud and tax evasion charges will be dropped in exchange for payment of up to $49.9 million in taxes, penalties, and interest. Roger Ver purchased a large amount of Bitcoin in 2011 at a cost of less than $3 million. After obtaining citizenship of Saint Kitts and Nevis in February 2014, he renounced his US citizenship the following month. At the time, he and his companies held at least 131,000 BTC, worth more than $70 million at then-current prices. The US Internal Revenue Service determined that he failed to declare his personally held Bitcoin and understated his company's assets, and the actual amount recovered is 48 times the amount of tax he declared and paid that year. (Reuters)