News with the tag "tax fraud"

A Texas federal court judge ordered Frank Richard Ahlgren III and any associates to hand over any crypto public and private keys, accounts and access codes.

Frank Richard Ahlgren III, a Texas-based early Bitcoin (BTC) investor, has been sentenced to two years in federal prison for tax fraud. According to the U.S. Department of Justice (DOJ), Ahlgren deliberately underreported over $3.7 million in Bitcoin capital gains from 2017 to 2019, leading to a tax...

Roger Ver argued that the IRS’ exit tax for renounced US citizens with over $2 million in assets is unconstitutional and “impermissibly vague.”

Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen...

In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia.

Roger Ver, a supporter and pioneer of Bitcoin, has faced criminal cases related to mail fraud, tax evasion, and filing false tax returns. The indictment accuses Ver of hiding Bitcoin ownership, not reporting important company valuations, and evading nearly $50 million in estimated taxes. Court docum...

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax violations. In a new interview with CNBC, Guy Ficco, the IRS’s Chief of Criminal Investigation, says that crypto tax crimes – such as not reporting earned income from trading dig...