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First Bitcoin Tax Evasion Case: U.S. DOJ Sends Investor to Prison Coin Edition 18 Dec 2024

First Bitcoin Tax Evasion Case: U.S. DOJ Sends Investor to Prison ⚖️

The U.S. Department of Justice has made history by charging Texas Bitcoin investor Frank Richard Ahlgren III with tax evasion. This marks the first criminal tax evasion prosecution tied to cryptocurrency in the U.S. legal system. Ahlgren, a longtime Bitcoin investor since 2011, allegedly neglected to report capital gains from approximately $4 million in Bitcoin transactions. This case highlights increasing governmental focus on tax compliance in the crypto space.

Source: coinedition.com ↗