Early Bitcoin (BTC) investor Roger Ver is reportedly settling with the Internal Revenue Service (IRS) over alleged tax fraud.
According to the New York Times, anonymous people familiar with the matter say Ver has agreed to pay tens of millions of dollars to settle a criminal tax fraud case.
Ver, who was charged last year with fraud and tax evasion for allegedly owing the IRS $48 million worth of taxes from his crypto asset holdings, has agreed to pay the sum in exchange for his charges eventually being dropped, though the plea has yet to be officially recognized in court.
According to the Times, Ver paid and hired various people close to President Donald Trump like lawyers David Schoen and Christopher Kise in an attempt to influence the case or the laws surrounding the case.
Ver renounced his US citizenship in 2014 and was arrested in Spain last year. US authorities accuse him of misrepresenting the value of his crypto holdings while settling his tax debt to the US as a part of him renouncing his citizenship.
In January, Ver posted on X saying that he was being threatened with 100 years in jail due to his political views and his BTC advocation.
BTC is trading at $112,447 at time of writing, a 7.5% decrease in the last 24 hours.
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