News with the tag "tax evasion"

Iris Ramaya Au, the former girlfriend of convicted crypto fraudster Adam Iza, known as “The Godfather,” has agreed to plead guilty to a federal tax charge for failing to report over $2.6 million in illicit income, the U.S. Department of Justice announced on March 5 . According to prosecutors, Au sub...

Nigeria's Federal Inland Revenue Service (FIRS) is suing Binance for $79.5 billion in economic losses as well as $2 billion plus interest in back taxes, the exchange said in its blog. This is a leap from the initial $10 billion figure that Nigeria's government sought after alleging that the exchange...

Dan Morehead, founder and managing partner of Pantera Capital, is facing a federal tax investigation following his relocation to Puerto Rico, a well-known tax haven. The U.S. Senate Finance Committee (SFC) is examining whether Morehead improperly claimed tax exemptions on over $850 million in invest...

Adam Iza, founder of the Zort crypto trading platform, and LASD deputy Eric Chase Saavedra admit to exploiting law enforcement.

Hong Kong has announced its commitment to implementing the Crypto-Asset Reporting Framework (CARF), an initiative to enhance international tax transparency and combat cross-border tax evasion. This announcement, made at the OECD Global Forum on Transparency and Effective Exchange of Information in T...

An ancient Bitcoin investor is going to spend the next two years in prison after underreporting his BTC gains, according to the U.S. Department of Justice (DOJ). In a new press release, the DOJ says that Frank Richard Ahlgren III of Austin, Texas failed to accurately report the capital gains he earn...

A Texas Bitcoin investor faces prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent.

Roger Ver, known as “Bitcoin Jesus,” contests US DOJ tax evasion charges, alleging political retaliation over his crypto advocacy.

The Australian Treasury has invited public feedback on implementing the Organization for Economic Cooperation and Development (OECD)’s crypto asset reporting model. Tackling Crypto-Linked Tax Evasion The Australian Treasury has invited the public to comment on options for the country’s implementatio...

Along with money laundering, Maximiliano Pilipis is also accused of failing to file a tax return for income generated in 2019 and 2020.