A Bitcoin investor must hand over their cryptocurrency keys in a historic tax case

A federal judge in Texas ordered Frank Richard Ahlgren III and all his associates to deliver all public and private cryptographic keys, accounts, and access codes.

An early Bitcoin investor in Texas has been ordered to surrender his cryptocurrencies and the private keys to his wallets, as well as the access codes, as part of a restraining order after being sentenced in December to two years in prison for tax fraud.

Frank Richard Ahlgren III, who falsely underreported capital gains of over $3.7 million from Bitcoin sales

BTC

tickers down

€91,035

between 2017 and 2019, owes the United States government approximately $1.1 million in restitution.

The judge of the Federal Court in Austin, Robert Pitman, ordered on January 6 that Ahlgren, along with any family members, friends, or representatives, identify and provide any physical device used to store his cryptocurrencies, as well as any public key, private key, seed phrase, or password.