Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
The Crypto Basic
--
Follow
Crypto brokerage firm Paxos continues with its international expansion after receiving two in-principle approvals in Abu Dhabi.
#Paxos
#CryptoInnovators
#CryptoMovement
#cryptonewstoday
#CryptoNews🔒📰🚫
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
90
0
Replies
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
LIVE
The Crypto Basic
@The_Crypto_Basic
Follow
Explore More From Creator
Frank Richard Ahlgren III, a Satoshi-Era #Bitcoin adopter from Texas, has been sentenced to two years in prison for crypto tax fraud. Ahlgren was found guilty of filing false tax returns and underreporting considerable capital gains from his Bitcoin investments. The Case Against Ahlgren Between 2017 and 2019, Ahlgren filed federal tax returns that either misrepresented or completely omitted substantial profits from Bitcoin sales. Notably, Ahlgren began purchasing Bitcoin as early as 2011. His most notable transaction occurred in 2017 when he sold 640 BTC tokens for $3.7 million. Using the proceeds, he purchased a house in Park City, Utah. However, Ahlgren misled his accountant during the preparation of his 2017 tax return. In particular, he inflated the purchase price of his Bitcoin holdings, thereby underreporting his actual capital gain from the sale. In addition to his 2017 false reporting, Ahlgren made further efforts to conceal his Bitcoin transactions in 2018 and 2019. These efforts included transferring Bitcoin through multiple wallets, conducting in-person cash exchanges, and utilizing mixers to obfuscate the source of his transactions. Despite these efforts to hide his activity, the IRS Criminal Investigation team was able to track the transactions. They uncovered a total tax loss exceeding $1 million. Acting Deputy Assistant Attorney General Stuart Goldberg emphasized that Ahlgren’s attempts to hide his gains would not go unpunished. “Ahlgren believed his crypto transactions were untraceable, but the law applies to everyone, regardless of the medium,” said Goldberg. #CryptoNewsUSA
--
"Analyst Maps XLM’s Path to $2 with a Massive 420% Surge"
--
"XRP ETF Momentum Surges as Expert Unveils Key Insight"
--
"Cardano Set for $500B Market Cap as Analyst Projects $14 Price Surge"
--
"Shiba Inu Primed for a 150% Rally: Analyst Maps Path to $0.000074"
--
Latest News
VanEck's 2025 Cryptocurrency Predictions Highlight Market Trends
--
Grayscale Bitcoin ETF Transfers Over 600 BTC to Unknown Address
--
Tether's USDT Market Cap Surpasses $140 Billion, Reaches New High
--
Global Cryptocurrency Daily Active Users Reach Record High In December
--
Significant Support Wall Formed for Bitcoin Between $94,300 and $100,250
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
