Roger Ver Reaches Settlement with U.S. Department of Justice Over Bitcoin Holdings

According to Foresight News, early Bitcoin advocate Roger Ver has reached a formal settlement with the U.S. Department of Justice. Ver admitted to deliberately concealing his Bitcoin holdings when he renounced his U.S. citizenship in 2014. As part of the agreement, he signed a deferred prosecution agreement and paid nearly $50 million in back taxes, penalties, and interest to the Internal Revenue Service (IRS). Since 2014, Ver has been a citizen of Saint Kitts and Nevis. Last year, he was arrested in Spain and extradited to the United States on related charges. The case was investigated by the IRS Criminal Investigation's Cyber Crimes Unit.