Deeznuts on Nostr: “In 2015, when Bitcoin peaked at around $465, he purchased about 1,366 Bitcoin ...
“In 2015, when Bitcoin peaked at around $465, he purchased about 1,366 Bitcoin using Coinbase.
He then sold around half of it two years later at $5,800 per Bitcoin for $3.7 million but “substantially inflated” the cost basis of the Bitcoin in his 2017 tax return, thereby making the capital gain appear less than it actually was.
Ahlgren then sold Bitcoin for more than $650,000 between 2018 and 2019 but did not report the sales on his tax returns.
Prosecutors said he used multiple wallets, in-person transfers and mixers in an attempt to conceal details about the transaction.
The total tax losses from all his actions exceeded $1 million.
He was also ordered to serve one year of supervised release after his 24-month prison sentence.
His attorney, Dennis Kainen, said his client will comply with the order.
“We will comply with a court directive, or to the extent that we have a question, we will direct it to the court,” Kainen said.
“We appreciate the care that Judge Pitman has taken throughout this case.”
Ahlgren’s case marked the first criminal tax evasion prosecution centered solely on cryptocurrency, according to the acting special agent in charge of IRS-Criminal Investigation’s Houston Field Office, Lucy Tan. “
“We appreciate the care that Judge Pitman has taken throughout this case.”
Dafuq.
‘We appreciate the care the Judge conveyed while raping us sans lube’
We have owners. Understand this.
Bitcoin fixes somethings and somethings need guillotines
He then sold around half of it two years later at $5,800 per Bitcoin for $3.7 million but “substantially inflated” the cost basis of the Bitcoin in his 2017 tax return, thereby making the capital gain appear less than it actually was.
Ahlgren then sold Bitcoin for more than $650,000 between 2018 and 2019 but did not report the sales on his tax returns.
Prosecutors said he used multiple wallets, in-person transfers and mixers in an attempt to conceal details about the transaction.
The total tax losses from all his actions exceeded $1 million.
He was also ordered to serve one year of supervised release after his 24-month prison sentence.
His attorney, Dennis Kainen, said his client will comply with the order.
“We will comply with a court directive, or to the extent that we have a question, we will direct it to the court,” Kainen said.
“We appreciate the care that Judge Pitman has taken throughout this case.”
Ahlgren’s case marked the first criminal tax evasion prosecution centered solely on cryptocurrency, according to the acting special agent in charge of IRS-Criminal Investigation’s Houston Field Office, Lucy Tan. “
“We appreciate the care that Judge Pitman has taken throughout this case.”
Dafuq.
‘We appreciate the care the Judge conveyed while raping us sans lube’
We have owners. Understand this.
Bitcoin fixes somethings and somethings need guillotines