In his petition, Roger Ver called the IRS’s expatriation tax on those who renounced their U.S. citizenship and have more than $2 million in assets “vague.” Ver argues that the tax should not apply to on digital assets in his possession. Wehr’s motion states that prosecutors “illegally” questioned one of his lawyers, ignoring critical documents that showed Wehr did not intend to file a fraudulent tax return.
This spring, Spanish police arrested Roger Ver at the request of US prosecutors, who accused him of fraud and tax evasion amounting to more than $48 million. US authorities said that Ver had to report to the IRS capital gains from the sale of tens of thousands of bitcoins for $240 million in cash , when Wehr emigrated from the US in 2014.
Ver explained that at the time he faced significant obstacles to paying the expatriation tax, namely the lack of a liquid market for Bitcoin. However, the US government continues to insist that Ver provided false information to tax authorities. If the court finds the Bitcoin.com founder guilty, he faces up to 30 years in federal prison.
Roger Ver was an early adopter of Bitcoin, having started buying it in large quantities back in 2011, when it was worth less than $1. In 2017, Ver became a supporter of Bitcoin Cash after the Bitcoin network underwent a hard fork. In 2022, Ver became involved in a scandal with the CoinFlex platform, which demanded $47 million in USDC stablecoins from him for violating contractual obligations.
In October, a petition was created in support of Roger Ver to clear tax fraud charges against him. This petition has collected 590 signatures.
Source: Bits
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