MicroStrategy And Its Executive Chairman Michael Saylor Are Being Sued For Ta...
The D.C. AG alleges that Saylor and MicroStrategy conspired to commit tax evasion by fraudulently representing Saylor’s primary residence from 2005 to present.Michael Saylor and MicroStrategy are being sued by D.C.The complaint alleges the former CEO conspired with the company to commit tax evasion.The lawsuit calls for more than $25 million in back-taxes and penalties.The largest corporate holder of bitcoin, MicroStrategy, and its Executive Chairman Michael Saylor are being sued by the District of Columbia (D.C.) for alleged tax fraud, per an announcement from the D.C. Attorney General.....
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The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor and Microstrategy denied the allegations. The attorney general is seeking more than $100 million in unpaid taxes and penalties.
District of Columbia Sues Billionaire Michael Saylor and Microstrategy
The Office of the Attorney General (OAG) of the District of Columbia announced Wednesday....
Michael Saylor is vacating his position as MicroStrategy’s chief executive to become Executive Chairman, focusing on the company’s bitcoin strategy, according to a statement posted by MicroStrategy, Tuesday afternoon. Since MicroStategy’s founding in 1989, Saylor has served as the company’s CEO. In 1998, the cloud software company went public. Phong Le, the firm’s current president and former chief […]
Bitcoin investor and founder of software company MicroStrategy Michael Saylor are being sued for alleged tax fraud, according to a complaint filed by the United States D.C. Attorney General Karl Racine. The billionaire has been living in this state for around ten years, the government official said but has allegedly failed to meet tax obligations. […]
The soon-to-be former CEO said splitting the roles of MicroStrategy's chief executive officer and chair would help the firm pursue its strategy of "acquiring and holding Bitcoin." Bitcoin maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989.In a Tuesday notice on its second quarter earnings for 2022, MicroStrategy said Saylor would be assuming the new role of executive chair at the company, while president Phong Le will become CEO. The changes are expected to take effect on....
MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter. MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. MicroStrategy has purchased....