Texas Resident Sentenced to Two Years for Bitcoin Tax Fraud

A Texas resident, Frank Richard Ahlgren III, received a two-year prison sentence for filing false tax returns.  The tax filings misrepresented the capital gains he earned from selling $3.7 million in Bitcoin. A Case Falsifying Crypto Profits Court records revealed that Ahlgren, an early Bitcoin investor, filed fraudulent tax returns between 2017 and 2019. These filings underreported or... source: https://beincrypto.com/crypto-taxation-fraud-algren-jailed/