Bitcoin investor ordered to hand over crypto keys in landmark tax case
A Texas federal court judge ordered Frank Richard Ahlgren III and any associates to hand over any crypto public and private keys, accounts and access codes.
An early Texas Bitcoin investor was ordered to surrender his crypto and other wallet private keys and 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 on over $3.7 million in Bitcoin BTC$95,294 sales between 2017 and 2019, owes the US government about $1.1 million in restitution.
Austin Federal Court Judge Robert Pitman on Jan. 6 ordered Ahlgren and any of his family, friends or representatives to identify and provide any physical devices used to store his cryptocurrency, along with any public keys, private keys, seed phrases or passphrases.
