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Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud
16.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency...
Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud
12.9.2024
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of...
Brazilian Tax Watchdog Uses AI Tool to Identify Operations Linked to Over $180 Million in Crypto-Related Tax Fraud
10.9.2024
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved...
MicroStrategy and Michael Saylor settle tax case for $40M
3.6.2024
In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia
Bitcoin pioneer faces charges in multimillion-dollar tax fraud
2.5.2024
The most recent development is an indictment with a long list of charges against Roger Ver, a well-known activist in Bitcoin, including using the mail to defraud, evading taxes, and making false tax returns. Ver is infamously known as “Bitcoin Jesus” in the cryptocurrency world for...
Bitcoin Price Prediction: BTC at $57,520 Amid FOMC Updates and Roger Ver Tax Fraud Allegations
2.5.2024
Amidst FOMC decisions and shocking tax fraud allegations against Roger Ver, Bitcoin's price teeters at $57,520, signaling unstable market conditions.
The post Bitcoin Price Prediction: BTC at $57,520 Amid FOMC Updates and Roger Ver Tax Fraud Allegations appeared first on Cryptonews
Roger Ver Arrested for $50M Tax Fraud
1.5.2024
The United States Department of Justice announced $50 million tax fraud charges against early Bitcoin investor Roger Ver, known by many as ‘Bitcoin Jesus.’
The post Roger Ver Arrested for $50M Tax Fraud appeared first on Cryptonews
Early Bitcoin Investor Roger Ver Arrested for Tax Fraud
1.5.2024
Roger Ver, an early investor in Bitcoin-related startups known as Bitcoin Jesus, was arrested in Spain and charged with tax fraud on Tuesday.
The post Early Bitcoin Investor Roger Ver Arrested for Tax Fraud appeared first on Cryptonews
Roger Ver Indicted for Tax Fraud
30.4.2024
US Justice Dept charges Roger Ver with tax fraud
30.4.2024
Early crypto investor ‘Bitcoin Jesus’ faces extradition to the U.S. after being charged with evading nearly $50 million in taxes
South Korea suggests crypto management system to fight tax fraud
12.3.2024
South Korea is preparing and implementing robust measures to combat tax evasion associated with virtual assets. The National Tax Service of South Korea has designated GTIC for the integrated management system (ISP) of virtual assets in an effort to prevent tax evasion. With big measures being...
Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case
23.9.2023
Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group. The seized cryptocurrencies were transferred to...
DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million
2.9.2022
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...
First Mover Americas: Bitcoin Dips Below $20K; Michael Saylor Gets Sued for Tax Fraud
1.9.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for September 1, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
MicroStrategy Calls D.C. ‘Tax Fraud’ Lawsuit ‘False’ and Says it Will Fight Back ‘Aggressively’
1.9.2022
The District of Columbia’s Attorney General has publicly stated that his office will launch a tax fraud lawsuit against the IT firm MicroStrategy and its Bitcoin (BTC) bull former CEO Michael Saylor. But the firm called the lawsuit “false” – and has vowed to “defend aggressively” against what...
District of Columbia Suing MicroStrategy Founder Michael Saylor for Tax Fraud
31.8.2022
The Attorney General’s office is also suing the business software company for allegedly helping him evade taxes on his earnings in the district
Seven Hours With Turnip Boy Commits Tax Evasion's Free DLC
19.10.2021
With a name like Turnip Boy Commits Tax Evasion, I was hoping to learn a thing or two about taxes, government regulation, and the ways in which the system fundamentally screws people out of money and property. While I can’t say I learned anything about tax evasion playing this adorable 2D action...
Ex-Microsoft Engineer Convicted In Landmark Case Involving Bitcoin Tax Fraud
10.11.2020
In what is presented as the first US criminal case involving bitcoin (BTC) that has a tax component, a software engineer was sentenced to nine years of prison for 18 federal felonies related to his scheme to defraud software giant Microsoft, his former employer, of more than USD 10m.
The convict...
Microsoft employee sentenced to 9 years in first U.S. Bitcoin case involving tax fraud
10.11.2020
A Ukrainian national has been sentenced to nine years in prison in what the IRS is describing as the United States’ “first Bitcoin case [with] a tax component.”
John McAfee Pumps Crypto From Prison, Denies Tax Fraud and Murder Charges
31.10.2020
John McAfee has shared many details about his life in Spanish prison and chances of extradition to the U.S. He additionally claims to have regained control of his ghost cryptocurrency project. Prison Life ‘Is an Adventure’ Former U.S. presidential candidate and antivirus software tycoon...