Texas Man Jailed for Evading $1M in Cryptocurrency Taxes

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Frank Richard Ahlgren III, a Bitcoin investor from Austin, Texas, has become the first individual criminally charged for failing to report cryptocurrency capital gains. According to the U.S. Department of Justice (DOJ) , Ahlgren earned $3.7 million from selling 640 Bitcoin in 2017, which he subsequently used to purchase a luxury home in Park City, Utah. Breaking News: Texas Bitcoin investor Frank Richard Ahlgren III becomes the first to face criminal charges for failing to report crypto capital ...