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satoshi era bitcoin investor sentenced for two years in tax evasion case

A Texas man, Frank Richard Ahlgren III, was sentenced to two years in prison for underreporting over $1 million in capital gains from Bitcoin sales totaling $4.35 million. He misled his accountant and used various techniques to conceal his profits, including cash exchanges and crypto mixers. This case marks the first U.S. criminal tax evasion prosecution focused solely on cryptocurrency.
Decrypt
United States Dollar Tornado Cash USD USA Satoshi Nakamoto Lucy Tan
Regulatory & Legal, News Article
12:59 13.12.2024

early bitcoin investor sentenced for failing to report four million in gains

Frank Richard Ahlgren III, an early Bitcoin investor from Austin, Texas, has been sentenced to two years in prison for failing to report over $4 million in crypto capital gains. He underreported his earnings from Bitcoin sales between 2017 and 2019, leading to a tax loss exceeding $1 million. In addition to his prison term, Ahlgren must pay $1.1 million in restitution and serve one year of supervised release.
Cointelegraph
Coinbase Global, Inc. USA Lucy Tan Stuart Goldberg
Regulatory & Legal, News Article
10:11 13.12.2024
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