Bitcoin investor Frank Richard Ahlgren III from Austin, Texas, is in hot water for skipping out on reporting $4 million in crypto gains. 🚨 The DOJ claims Ahlgren played a game of hide-and-seek with Uncle Sam by underreporting his Bitcoin sales from 2017 to 2019.
- Ahlgren bought 1,366 BTC in 2015 and sold 640 BTC in 2017, but forgot to mention the $3.7 million gain on his tax return. Oops!
- He also skipped reporting $650,000 in sales over the next two years, using mixers and wallet transfers to cover his tracks.
Now, he's facing a two-year prison sentence and a $1.1 million fine. 💸 Share your thoughts below!