#NewsAboutCryptoOfThisYear
Early Bitcoin Investor Sentenced for Filing False
Tax Returns An Austin resident has been sentenced to two years in prison for submitting a tax return that inaccurately reported his capital gains from selling $3.7 million worth of bitcoins, according to a Thursday announcement by the U.S. Department of Justice. The DOJ stated that Frank Richard Ahlgren Ill was among the initial investors in bitcoin, acquiring around 1,366 bitcoins in 2015. In 2017, he disposed of 640 bitcoins, amassing $3.7 million, which he then utilized to buy a home.