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MicroStrategy and Michael Saylor prosecuted in the United States for tax evasion

MicroStrategy and Michael Saylor prosecuted in the United States for tax evasion.

MicroStrategy and Michael Saylor prosecuted in the United States for tax evasion

It’s lawsuit season in the crypto ecosystem. MicroStrategy and its former CEO Michael Saylor have just been the subject of legal action by the Attorney General of the District of Columbia (New York). They are accused of having committed tax evasion. What do we know at the moment?

MicroStrategy and Michael Saylor prosecuted for tax evasion

The Attorney General, Karl Racine, detailed at the end of the day yesterday why Michael Saylor and MicroStrategy were suedvia a Twitter thread:

Today, we are suing Michael Saylor — a billionaire tech executive who lived in the district for more than a decade but never paid any income tax — for tax evasion.

The Prosecutor specifies that he is also suing the company MicroStrategy, for having “conspired to help him evade taxes that he owes on the hundreds of millions of dollars he earned living in DC.

👉 To read about it – How to declare your capital gains in cryptocurrencies to taxes?

$75 million owed to the state?

Those are $75 million that would be owed by Michael Saylor to the District of Columbia. Reportedly, these tax evasion charges were made by a whistleblower in April 2021. him a resident by law.

For now, Michael Saylor has not officially reacted to the news, maintaining his presence on Twitter. It will be recalled that MicroStrategy is not in itself a crypto company, but that it was among the first on a large scale to integrate Bitcoin (BTC) into its Treasury. Michael Saylor also recently stepped down as CEO to focus more fully on cryptocurrency. The news is therefore symbolic for the ecosystem.

Source: Karl Racine via Twitter – Image :

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