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Roger Ver moves to dismiss US tax evasion charges as ‘unconstitutional’

Roger Ver argued that the IRS’ exit tax for renounced US citizens with over $2 million in assets is unconstitutional and “impermissibly vague.”

Roger Ver — also known as “Bitcoin Jesus” — has urged a United States judge to dismiss a case from US prosecutors alleging he committed tax evasion when selling millions of dollars in Bitcoin, claiming the case is unconstitutional.

In a Dec. 3 filing to a California federal court, Ver argued that the Internal Revenue Service’s (IRS) exit tax for those who choose to renounce their US citizenship with more than $2 million in assets was unconstitutional and “inscrutably vague.”

“The ‘exit tax’ at issue violates both the Apportionment Clause and the Due Process Clause of the Constitution [...] the charges also rely on provisions of the U.S. tax laws that were, at all relevant times, inscrutably vague as to their application to digital assets of the kind that underlie the charges,” Ver argued. 

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Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Unlicensed Crypto Business Leads to Indictments in Utah

Unlicensed Crypto Business Leads to Indictments in UtahTwo Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition

FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After ExtraditionFormer CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s Sam Bankman-Fried Urges Court to Drop Post-Extradition Charges Attorneys representing […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Former US President Donald Trump Launches Second NFT Card Collection

Former US President Donald Trump Launches Second NFT Card CollectionOn April 18, former U.S. president Donald Trump announced a second series of his digital Trump card collection, following the “great success” of his initial non-fungible token (NFT) trading cards. Despite selling out rapidly, Trump stated on Truth Social that he maintained the initial card prices for the new collection. Trump Unveils Series 2 NFT […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US

Former Deutsche Bank Investment Banker Charged With Crypto Fraud in USAn investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank Investment Banker Arrested and Charged for Defrauding Crypto Investors Rashawn Russell, a 27-year-old […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Trump Cards Jump Amid Indictment, Strong Quarter for NFT Market

Trump Cards Jump Amid Indictment, Strong Quarter for NFT MarketSales of Donald Trump’s digital collectibles surged following the news of his indictment in New York on Thursday. Meanwhile, a report revealed that the market for non-fungible tokens (NFTs) has seen its strongest quarter since early last year, reaching a trading volume of $4.7 billion, despite a weaker March. Trump NFTs Spike as Former President […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal DefenseAccording to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese OfficialsSam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

Russian Founders of Defi Platform Forsage Indicted in 0 Million Crypto Ponzi SchemeFour Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With Running Cryptocurrency Pyramid A […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?