Roger Ver Reaches $48M Settlement with U.S. DOJ
Crypto figure Roger Ver agrees to a $48M settlement with the DOJ to resolve fraud and tax evasion charges.
- Roger Ver settles DOJ charges with a $48M agreement
- Charges involve mail fraud and tax evasion
- Agreement may help Ver avoid prison time
Crypto entrepreneur Roger Ver has reached a tentative settlement with the U.S. Department of Justice (DOJ), agreeing to pay $48 million to resolve charges of mail fraud and tax evasion. The case, which has captured wide attention in both crypto and legal circles, stems from allegations that Ver failed to report substantial income and evaded taxes following his renunciation of U.S. citizenship.
Often referred to as “Bitcoin Jesus” for his early advocacy of Bitcoin, Ver reportedly underreported his assets after renouncing his U.S. citizenship in 2014 and becoming a citizen of St. Kitts and Nevis. According to the New York Times, the DOJ accused him of structuring transactions and using offshore accounts to avoid taxes, which led to the mail fraud and tax-related charges.
Details Behind the Charges
The mail fraud charges stem from Ver allegedly using deceptive documents during the process of expatriation, which included misrepresenting the value of crypto holdings and other assets. Since Ver was still subject to an “exit tax” under U.S. law at the time of his renunciation, the DOJ believes he owed significantly more than he disclosed.
Rather than face a potentially lengthy and costly court battle — and possibly prison time — Ver has agreed to a $48 million settlement. This move may mark the end of a long-running investigation into his financial dealings.
What This Means for the Crypto Community
This settlement serves as another reminder that even crypto pioneers are not above the law. As regulatory agencies continue to focus on transparency and tax compliance in the crypto space, cases like Roger Ver’s underline the importance of full disclosure and legal accountability.
The agreement is still tentative and may require court approval, but it sends a clear message to crypto investors and entrepreneurs: tax evasion, even in decentralized finance, can have major consequences.
