Roger Ver arrested on Tax Fraud.
Seems like Bcash was his downfall in multiple ways. He was definitely selling BTC to support Bcash in 2017......
"June 2017, Ver’s two companies continued to own approximately 70,000 bitcoins. Around that time, Ver allegedly took possession of those bitcoins and in November 2017 sold tens of thousands of them on cryptocurrency exchanges for approximately $240 million in cash."
https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud
"Welcome to the hotel on the Potomac;
Such a lovely place,
Such a lovely place...
Livin' it up at the hotel on the Potomac;
You can check out any time you like
But you can never leave."😠😡🤬
Yeah always wondered how much corn he blew trying to pump bcash
I wouldn't want to pay those taxes either. "Exit taxes" jfc
From my understanding he is in trouble not because exit tax but because his US companies held 70k btc. He then took personal possession of them without disclosure which broke tax law. Most likely because he needed more money to defend Bcash....
If the guy really believe in his bcash, it makes sense he would sell all BTC from the other side of the fork to buy ecen more bcash. Not sure to understand where is the problem here (beside he is a huge duchbag but for other reasons).
Yea but he had to disclose taking the 70k BTC from his US companies and dumping it. He isn't a US citizen but those two companies operate in the USA and have to follow laws. Taxes are so complex though its a big joke at this point considering how much they print and give to foreign countries. This definately is not another reason to hate Ver. There are plenty of other reasons to hate him.
