LOS ANGELES - A California cryptocurrency investor nicknamed "Bitcoin Jesus" has paid nearly $50 million to resolve a federal tax evasion indictment without having to admit he committed a crime.

On Tuesday, the Department of Justice said they agreed to dismiss the charges against Roger Ver of Los Angeles, who admitted in a deferred-prosecution agreement that he failed to pay all the taxes that he owed to the Internal Revenue Service on the sale of Bitcoin after he renounced his US citizenship in 2014.

Ver renounced his U.S. citizenship after obtaining citizenship in St. Kitts and Nevis, an island in the eastern Caribbean Sea, in a process known as expatriation. Due to his net worth, Ver was required to file certain expatriation-related tax returns and to pay taxes on the capital gain

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