In a stunning turn of events, cryptocurrency billionaire Roger Ver, known as "Bitcoin Jesus," has avoided prison despite being under indictment for millions in tax evasion. The case against him was significantly weakened by the intervention of one of Donald Trump's most influential lawyers, Christopher Kise.
Ver had been charged with failing to pay taxes on his vast fortune, which he amassed through his involvement in the early days of cryptocurrency. He had renounced his US citizenship years earlier and had been living on the Spanish island of Mallorca.
However, just nine months after Ver made a direct appeal to Trump for help, he reached a deal with the Justice Department that allowed him to avoid criminal charges. The agreement required Ver to pay $49.9 million in taxes and penalties, which is roughly the amount he was accused of evading.
The case against Ver highlights the growing influence of Trump's former personal attorneys within the Justice Department. These lawyers, who have been dubbed "Friends of Trump," have become known for their ability to use their connections to get favorable treatment for clients.
Kise, in particular, played a key role in negotiating Ver's deal. He is a seasoned defense lawyer who has worked closely with Trump on numerous cases and has become one of the most influential figures within the Justice Department.
The case against Ver also marks a significant shift in the way that the Justice Department approaches white-collar crime enforcement. Under the Trump administration, prosecutors have been less aggressive in pursuing cases involving high-net-worth individuals, and have instead focused on more lenient agreements.
As one former federal tax prosecutor noted, "People always ask you, 'Can't I just pay the taxes and it'll go away?' The common answer that everybody gave — until the Trump administration — was that, no, you can't do that."
The outcome of Ver's case has sent a message to other wealthy individuals who are under investigation for tax evasion or other white-collar crimes. Lawyers in this field say that more and more clients are asking about the influence of "Friends of Trump" within the Justice Department.
Ver himself has always maintained that he did not intentionally evade taxes, but rather relied on the advice of accountants and tax attorneys to navigate the complexities of cryptocurrency taxation. However, prosecutors argue that Ver's actions were deliberately deceitful and that he should be held accountable for his actions.
In any case, Ver's case highlights the growing power dynamics within the Justice Department, where Trump's former personal attorneys are increasingly wielding significant influence over policy decisions.
Ver had been charged with failing to pay taxes on his vast fortune, which he amassed through his involvement in the early days of cryptocurrency. He had renounced his US citizenship years earlier and had been living on the Spanish island of Mallorca.
However, just nine months after Ver made a direct appeal to Trump for help, he reached a deal with the Justice Department that allowed him to avoid criminal charges. The agreement required Ver to pay $49.9 million in taxes and penalties, which is roughly the amount he was accused of evading.
The case against Ver highlights the growing influence of Trump's former personal attorneys within the Justice Department. These lawyers, who have been dubbed "Friends of Trump," have become known for their ability to use their connections to get favorable treatment for clients.
Kise, in particular, played a key role in negotiating Ver's deal. He is a seasoned defense lawyer who has worked closely with Trump on numerous cases and has become one of the most influential figures within the Justice Department.
The case against Ver also marks a significant shift in the way that the Justice Department approaches white-collar crime enforcement. Under the Trump administration, prosecutors have been less aggressive in pursuing cases involving high-net-worth individuals, and have instead focused on more lenient agreements.
As one former federal tax prosecutor noted, "People always ask you, 'Can't I just pay the taxes and it'll go away?' The common answer that everybody gave — until the Trump administration — was that, no, you can't do that."
The outcome of Ver's case has sent a message to other wealthy individuals who are under investigation for tax evasion or other white-collar crimes. Lawyers in this field say that more and more clients are asking about the influence of "Friends of Trump" within the Justice Department.
Ver himself has always maintained that he did not intentionally evade taxes, but rather relied on the advice of accountants and tax attorneys to navigate the complexities of cryptocurrency taxation. However, prosecutors argue that Ver's actions were deliberately deceitful and that he should be held accountable for his actions.
In any case, Ver's case highlights the growing power dynamics within the Justice Department, where Trump's former personal attorneys are increasingly wielding significant influence over policy decisions.