Oddbean new post about login | logout The man sometimes called "Bitcoin Jesus" did not pay capital gains on hundreds of millions of dollars he raised in selling bitcoin in 2017, the DOJ alleged. https://www.coindesk.com/resizer/tNMEK8aOoEaVSH433xIddoCv8nE=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4AASXB5RDVARRH2FMY2CSVRL6Q.jpg
The indictment further alleges that even after his expatriation from the U.S., Ver continued to underreport his Bitcoin ownership, which he was still required to pay U.S. taxes on. The DOJ claims that Ver's two companies retained about 7,000 bitcoins by June 2017, and Ver purportedly sold tens of thousands of them for around $240 million in cash, causing a loss to the IRS of at least $48 million
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