💸🎉 Record $40 Million Deal from Bitcoin Bull Michael Saylor!
According to the New York Times, the attorney general of the District of Columbia announced that a $40 million settlement was reached with Bitcoin bull Michael Saylor and the MicroStrategy he founded.
Saylor and his company agreed to pay a total of $40 million in the 2022 tax fraud case. Saylor reached this settlement to end a lawsuit accusing him and his company of income tax evasion, making it the largest income tax evasion lawsuit and settlement ever in the region.
Columbia Attorney General Brian Schwalb stated: “No one in the District of Columbia is above the law, no matter how rich or powerful. Not only did Saylor break the law, he openly bragged about his tax evasion scheme and encouraged others to follow his example.”
“Michael Saylor and his company, MicroStrategy, defrauded the district and all of its residents for years.” Saylor responded to the settlement, saying, “I agreed to resolve this matter to avoid the ongoing burden of litigation for my friends, family, and myself.”
The District of Columbia attorney general accused MicroStrategy founder Michael Saylor of evading $25 million in taxes. In the lawsuit filed by Columbia's attorney general in 2022, it was alleged that #Saylor and #MicroStrategy filed fraudulent tax returns from 2005 to 2020.
