.AGKarlRacine claims that saylor has failed to pay any DC income taxes
Racine says that the Bitcoin evangelist has never paid any D.C. income taxes, accusing the latter of committing fraud.
The D.C. attorney general adds that he is also suing MicroStrategy for allegedly conspiring to help him facilitate his tax avoidance schemes. The business intelligence firm allegedly reported false information on federal tax forms. purported" to be a resident of either Florida or Virginia in order to take advantage of substantially lower tax rates. However, his Facebook posts, which are included in the complaint, prove that he maintained his domicile in Washington, D.C.
In late 2000, Saylor and other MicroStrategy executives agreed to pay $11 million to settle with the U.S. Securities and Exchange Commission. The accused fraudster didn't admit or deny the SEC's charges. MicroStrategy, which is the top holder of Bitcoin among publicly listed companies, has been hit hard by the Bitcoin sell-off. The company posted a $1 billion loss in the second quarter of 2022.
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