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Browse: Home / 2022 / September / 01 / MicroStrategy’s Michael Saylor Sued by DC for Income Tax Fraud – Bloomberg

MicroStrategy’s Michael Saylor Sued by DC for Income Tax Fraud – Bloomberg

By Securities Docket on September 1, 2022, 8:49 am

Washington, D.C., is suing MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor — probably best known as the largest corporate buyer of Bitcoin — for tax fraud, claiming that he skipped out on paying more than $25 million in income taxes despite living in the district for more than a decade.

According to the lawsuit, which was filed with the D.C. Superior Court’s civil division, Saylor knowingly avoided paying taxes he owed since 2005 by fraudulently claiming to be a resident of other, lower-taxes jurisdictions, including Virginia and Florida. It claims that Saylor lived in a luxury penthouse on the Georgetown waterfront and docked multiple yachts on the district’s Potomac riverfront.

Source: MicroStrategy’s (MSTR) Michael Saylor Sued by DC for Income Tax Fraud – Bloomberg

Posted in Industry, Top | Tagged Microstrategy, Saylor

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