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Thursday, 09/01/2022 1:11:10 AM

Thursday, September 01, 2022 1:11:10 AM

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"D.C. AG sues former MicroStrategy CEO Michael Saylor for tax evasion"

"The Office of Attorney General for the District of Columbia (OAG) is suing former MicroStrategy CEO Michael Saylor, claiming the billionaire bitcoin influencer has “unlawfully deprived the District of tens of millions of dollars in tax revenue.”

The lawsuit, brought based on an investigation following a whistleblower’s suit against Saylor, also names MicroStrategy (MSTR) — the publicly-traded cloud data company turned largest corporate bitcoin holder that Saylor co-founded — as a defendant, alleging that it conspired to help him evade taxes he owes.

According to the civil complaint, Saylor illegally avoided more than $25 million in D.C. taxes by pretending to be a resident of Virginia and Florida from 2005 to the present."

"As cover for the alleged scheme, the attorney general says Saylor bought a house in Miami Beach, obtained a Florida driver’s license, and state voter registration."

https://finance.yahoo.com/news/michael-saylor-sued-tax-evasion-dc-212626974.html

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