Business Blunders

Business Blunders

Share this post

Business Blunders
Business Blunders
'Bitcoin Jesus' Saves
Copy link
Facebook
Email
Notes
More

'Bitcoin Jesus' Saves

Crypto promoter charged with dodging $48 million in taxes

Al Lewis's avatar
Al Lewis
May 02, 2024
∙ Paid
5

Share this post

Business Blunders
Business Blunders
'Bitcoin Jesus' Saves
Copy link
Facebook
Email
Notes
More
Share

Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.” – Luke 17:15 (New International Version)


Gospel Jesus sayeth: Render unto Caesar what is Caesar’s.

Bitcoin Jesus sayeth: I’m renouncing my U.S. citizenship, hiring a good lawyer and fleeing to the beach.–––––≠

On Wednesday, the Department of Justice announced criminal tax fraud charges against crypto promoter Roger Ver, who is more widely known as “Bitcoin Jesus.”

The Feds allege eight counts of mail fraud, tax evasion and filing false tax returns in a complex scheme to evade $48 million in taxes.

Ver, a citizen of the Caribbean islands of St. Kitts and Nevis, was arrested over the weekend in Spain. The feds are now seeking extradition so he can be tried in a U.S. court.

"Mr. Ver relied on leading tax professionals to help him report his Bitcoin and he always intended to fully comply with his U.S. tax obligations," said his lawyer, Bryan Skarlatos, in a statement released to media outlets. "We look forward to establishing his innocence in court, if necessary."

“It is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.” – Mark 10:25 (Bitcoin Jesus illustration generated by AI)

Coming to Jesus

The 45-year-old crypto evangelist was born and in San Jose, Calif., and reared in the heart of Silicon Valley, where he may have developed a contrarian sense of ethics.

In a 2014 media interview, he declared, "Money laundering is not a crime.” (Well, actually, it is.)

In 2002, he served 10 months in a federal prison for illegally selling explosives. He has characterized the offense as merely selling firecrackers on eBay. (And did they really have to crucify him for that?)

He got the name Bitcoin Jesus for the way he once explained the digital currency to high school kids. (Can I get an amen? Probably not.)


There’s more to the story, but the rest is for paid subscribers.Please help make the business world a more honest, less reckless, less authoritarian place by:

  • Liking and commenting on posts, which boosts the Substack algorithm.

  • Sharing this newsletter with friends and associates.

  • Subscribing. Free or paid, I’m so glad you’re here.

  • And don’t miss these blunders.

Share


Keep reading with a 7-day free trial

Subscribe to Business Blunders to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Denston House Publishing
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More