From 2017 to 2019, he concealed income from the sale of cryptocurrency worth $4 million by underestimating the purchase price of bitcoins. In 2018-2019, he did not declare sales of $650,000, using wallets and "mixers" to hide the transactions. The tax authorities suffered damages exceeding $1 million. The court ordered him to pay $1.09 million in compensation.
12/14/2024 3:36:54 PM (GMT+1)
Frank Algren from Texas was sentenced to 2 years in prison for concealing taxes on the sale of bitcoins worth $4 million and using mixers to anonymize transactions and hide profits 💸
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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