Bitcoin evangelist Michael Saylor is being sued by the District of Columbia for tax evasion, the DC legal professional common reported. His firm, Microstrategy, can also be being sued for conspiring with him to evade taxes. Shares of the corporate — which holds an enormous place in bitcoin — are down 4.5% and on the lowest in six weeks.
“Today, we’re suing Michael Saylor – a billionaire tech government who has lived within the District for greater than a decade however has by no means paid any DC revenue taxes – for tax fraud,” stated DC Attorney General Karl Racine in a tweet.
He famous that it was the primary lawsuit introduced below whistleblower legal guidelines associated to misrepresenting their place of residence.
“We’re additionally suing his firm, MicroStrategy, for conspiring to assist him evade taxes he legally owes on a whole bunch of tens of millions of {dollars} he’s earned whereas residing in DC,” Racine stated.
So far there’s been no response from Saylor however he might be going through an infinite tax invoice if he loses this case.
