The U.S. Department of Justice has charged Frank Richard Ahlgren III, a Bitcoin investor from Austin, Texas, with failing to report crypto capital gains. Ahlgren falsely reported $3.7 million in Bitcoin sales between 2017 and 2019. He invested the proceeds in real estate after selling 640 BTC in 2017. Ahlgren also failed to report $650,000 in Bitcoin sales in 2018 and 2019. His tax losses exceeded $1 million. He was sentenced to two years in prison and will pay $1.1 million in restitution.