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D.C. Attorney General Karl Racine announced the update Wednesday.
Saylor Faces Lawsuit
One of Bitcoin’s biggest whales has some legal trouble to contend with.
MicroStrategy CEO Michael Saylor is facing a lawsuit on tax fraud allegations, Washington D.C. Attorney General Karl Racine announced Wednesday.
NEW: Today, we’re suing Michael Saylor – a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes – for tax fraud.
— AG Karl A. Racine (@AGKarlRacine) August 31, 2022
“Today, we’re suing Michael Saylor – a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes – for tax fraud,” Racine wrote in a tweet.
Racine added that Washington D.C. was also suing MicroStrategy “for conspiring to help him evade taxes he legally owes on hundreds of millions of dollars he’s earned while living in DC.”
This story is breaking and will be updated as further details emerge.