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Bitcoin Bull Saylor Will Pay Fine for Tax Evasion!
MicroStrategy founder Michael Saylor was fined $40 million.
The US Attorney's Office for the District of Columbia and Michael Saylor, the founder of MicroStrategy, who holds a large amount of Bitcoin (BTC) in his portfolio, reached an agreement to pay a fine of $ 40 million for tax evasion.
Michael Saylor has been accused of hiding his real residence for some time. DC AG Brian Schwalb said the following on the subject:
“No one in the District of Columbia is above the law, no matter how rich or powerful. Not only did Saylor break the law, he openly bragged about his tax evasion scheme and encouraged others to follow his example.
“Tax cheats add burdens to hard-working, law-abiding, tax-paying Washingtonians while depriving the District of critical resources for public services like public safety, infrastructure and education.”
Although MicroStrategy's founder, Michael Saylor, agreed to pay the $40 million fine, he underlined that his home is in Florida.
Saylor, who recently gave an interview to the New York Times on the subject, said the following:
“Florida is and will remain my home and I continue to argue that I reside in the District of Columbia.
However, I agree to reach a final settlement to avoid further litigation burdens on my friends, family and me.”
