Ross Ulbricht Calls for Roger Ver’s Release Amid Bitcoin Tax Fraud Allegations

Ross Ulbricht, the founder of the infamous online black market Silk Road, has expressed his support for Roger Ver, also known as “Bitcoin Jesus,” who was recently arrested in Spain for allegedly committing Bitcoin tax fraud. Ver, an early Bitcoin investor, was indicted by the U.S. Department of Justice for allegedly underreporting his Bitcoin gains and failing to file the correct tax returns.

The indictment claims that Ver committed various tax violations worth $50 million. Ver, who renounced his U.S. citizenship in 2014, has denied the charges and accused the U.S. government of overreach.

Ulbricht’s Plea for Ver’s Release

Ulbricht, who spent over 11 years in a maximum-security prison for his role in the online black market, recently tweeted in support of Ver. “Roger Ver was there for me when I was down and needed help. Now Roger needs our support,” Ulbricht said.

Ulbricht also expressed his opinion on the matter, stating that “no one should spend the rest of their life in prison over taxes. Let him pay the tax (if any) and be done with it.”

Potential Consequences for Ver

The tax allegations against Ver could result in a prison sentence of up to 20 years. The DOJ has charged Ver with three counts of mail fraud, two counts of tax evasion, and three counts of false tax returns. Each mail fraud charge carries a maximum sentence of 20 years in prison.

Expert Opinion

Crypto lawyer James Murphy, also known as MetaLawMan, agrees with Ulbricht on the matter. Murphy expects the Justice Department to drop the case, stating that it is unusual for prosecutors to pursue someone for miscalculating their “exit tax” 10 years after they renounced their citizenship.

“The prosecution of @rogerkver appears to be part of the Biden admin’s coordinated attack on crypto. I would expect the Trump DOJ to drop the case.”

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Tips for Cryptocurrency Investors

  • Understand the tax laws and regulations in your country before investing in cryptocurrencies.
  • Keep accurate records of your cryptocurrency transactions and gains.
  • Consult with a tax professional or financial advisor to ensure compliance with tax laws.
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