Roger Ver has been granted bail in Spain and is set to be extradited to the US.
A Spanish court earlier released Bitcoin (BTC) investor Roger Ver on bail, pending extradition to the United States.
According to a June 5 Bloomberg report, Ver posted about $163,000 in bail on May 17, allowing him to be released from a Spanish jail. His release is said to require him to stay in Spain, hand over his passport and appear in court every other day.
On April 30, the United States Department of Justice announced that it would indict Ver on charges of mail fraud, tax evasion and filing false tax returns. Authorities defrauded the Internal Revenue Service of nearly $48 million by failing to report capital gains from the sale of BTC and other assets.
Although born in California, Ver renounced his US citizenship in 2014 and does not hold a passport to enter the country. He currently holds citizenship with Saint Kitts and Nevis and Antigua and Barbuda. US authorities have said they plan to extradite Vern from Spain to the United States for trial.
Related: Crypto veterans call DOJ a target, ten years after Roger Vern left America.
Ver, a proponent of Bitcoin Cash (BCH), was embroiled in the CoinFlex scandal in 2022, when he claimed that “Bitcoin Jesus” owed the platform $47 million in US dollars (USDC). In the year In 2002 and 2003, he spent 10 months in federal prison for selling explosives on eBay.
A video of Ver's arrest in July 2018. “The real penalty of going to prison is being cut off from everyone you know in life – completely cut off from all your family, all your friends, all your acquaintances.”
According to the Justice Department, Ver faces up to 20 years in federal prison for each count of mail fraud, up to five years in federal prison for each count of tax fraud and up to three years in federal prison for each. Count of Filing False Tax Returns” if convicted. He has not posted on social media since his arrest.
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