An investor from Austin, Texas, has been sentenced to two years in prison for deliberately underreporting capital gains from the sale of $3.7 million worth of Bitcoin. This case marks the first criminal conviction in the U.S. for tax evasion exclusively related to cryptocurrencies.
Frank Richard Ahlgren III, an early investor in the cryptocurrency market, filed false tax returns between 2017 and 2019. According to court documents, Ahlgren had purchased 1,366 bitcoins on Coinbase in 2015, later selling 640 in October 2017 and using the proceeds to purchase a home in Park City, Utah.
...read more at atlas21.com
pull down to refresh
related posts
I wonder how tax evasion is viewed by inmates
My understanding of the US prison system is that nonviolent "criminals" tend to be put with each other, so he'll likely be in a minimum security prison with other tax evaders or embezzlers.
(I'm guessing @siggy47 would have a lot more insight here.)
No doubt about it. One of those "club feds" like Otisville. Tennis courts and swimming pools😀
Is it like a show and tell? Do they tell each other their crimes? I have never been in prison so l dont know....
I would think so. I also heard stories of some knowing they won't survive prison if inmates find out what they did. Criminals also have lines they don't cross.
I also think if you don't tell them your crime, they'll just assume the worst or have other ways to find out.
I have heard that about guys who have harmed kids. But to tell you the truth, most of what I know about prison is from TV.
Most of my knowledge is from Darknet Diaries, lol
I think the Gollumfun episodes mentioned some details about prison life but not sure
I heard prison food is very bad. But you wonder how all the guys seem to get buff in prison?
there's not much else to do in prison I guess
I guess that is true. But that Ross guy seems to be able to get internet? I thought most of the inmates were able to get educated if they wanted?
whoops
do you want it back? lol
nah, pay it forward
but don't get scammed again lol
haha I am more careful now.
You would not be off to a good start i think. But character matters more than your conviction in the end
Why not? I expected they would high five you. Don't think inmates like funding the state that imprisoned them.
It might be viewed as anti social
https://imgprxy.stacker.news/JaEw0O3hAijM8yxd6wMFq8Ik435ODYdJ_kcsHJSDESc/rs:fit:1280:720/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8yMTQxNg
not bitcoiners
what !?
If you scroll down, you'll see the definition that @ek was using, which is for prisoners.
he'll be in a camp playing tennis every day and getting blown by chomos
Absolutely disgusting behaviour, they really shouldn't get away with it.
Imprisoning someone for not giving up their own money, it's tyrranical.
So the guy sold 640 bitcoin worth of 3.7 millions dollars ON COINBASE and try evade? lol
I can't imagine how many people do these things so directly without having any consequences.
You know when Andy Dufrane goes into Shawshank, he ends up doing all the guards accountancy
Wonder if this guy orange pills all the guards and sets them up on multi sig
if he had just not filed taxes, then he wouldn't have had to lie about his taxes
That's what I was thinking. Why file at all if you were just going to lie? Seems like compounding the problem. Could have just claimed ignorance or something and paid the bill, now he's locked up. IRS are gangsters.
anyone with a III in their name probably has their own filter in the tax surveillance software
THIS IS WAR AGAINST BITCOIN! Here are the names of the government perpetrators:
"Assistant Chief Michael C. Boteler and Trial Attorney Mary Frances Richardson of the Tax Division and Assistant U.S. Attorney William R. Harris for the Western District of Texas are prosecuting the case."
"Acting Special Agent in Charge Lucy Tan of IRS-Criminal Investigation (IRS-CI)’s Houston Field Office."
"U.S. District Court Judge Robert Pitman for the Western District of Texas ordered Ahlgren to serve one year of supervised release and to pay $1,095,031 in restitution to the United States."
Bitcoiners: Use whatever means necessary to punish these villains so they are never tempted to steal another satoshi.
At least is not 109 years like Roger Ver
"Indeed, in May 2014, Ahlgren had blogged about his knowledge of mixers as ways to add anonymity to bitcoin transactions." It suggests he should have blogged about a boating accident instead.