The attorney general of the District of Columbia has sued billionaire MichaelSaylor and Microstrategy over alleged tax fraud. Both deny the allegations. bitcoin cryptocurrency crypto
DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million
The announcement claims that Saylor has resided in the District of Columbia for more than a decade but has never paid any D.C. income taxes despite earning hundreds of millions of dollars. Whistleblowers filed a lawsuit against Saylor in April last year, alleging that the billionaire bitcoin bull had defrauded the District and failed to pay income taxes he legally owed from 2014 through 2020. The OAG notice adds that after independently investigating the tax fraud allegations against Saylor, the attorney general office intervened in the whistleblower lawsuit and filed its own complaint against both Saylor and his software company.
The District’s lawsuit alleges that Saylor avoided paying more than $25 million in D.C. income taxes by claiming to be a Florida or Virginia resident, Attorney General Racine noted, concluding:
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