2025-1-28 12:24 |
For the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service has won a major victory, setting a legal precedent in the fight against crypto-related tax fraud. In December… origin »
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Washington, D. C. Attorney General Brian Schwalb announced a historic $40 million tax fraud recovery settlement with Michael Saylor and his company, MicroStrategy, according to a June 3 press release.
2024-6-3 20:15 | |
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Washington DC Attorney General Karl Racine has revealed that the district is suing Michael Saylor and his company MicroStrategy for tax fraud. The post Michael Saylor, MicroStrategy getting sued for tax fraud in Washington appeared first on CryptoSlate.
2022-8-31 21:27 | |
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Billionaire Bitcoin whale Michael Saylor is being sued by the District of Columbia, where he currently resides, for tax fraud. D.C. Attorney General Karl Racine made the announcement Wednesday on...
2022-8-31 20:59 | |
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Former Microsoft employee, Volodymyr Kvashuk, was sentenced yesterday for tax fraud that involved Bitcoin... The post Ex-Microsoft employee sentenced over Bitcoin tax fraud appeared first on Coin Journal.
2020-11-11 14:25 | |
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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.”
2020-11-11 03:52 | |
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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.
2020-11-1 00:30 | |
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Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst cybercrime group.
2020-10-19 16:15 | |
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The Spanish government has embarked on a bill that may require its citizens to disclose their crypto income or holdings with the country’s tax agency. Reuters, which first reported on this development, noted that the bill in question aims at tracking down tax fraud/evasion amongst Spain’s crypto investors or users.
2020-10-13 22:03 | |
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The Spanish government has approved this Tuesday the new draft Law on Prevention and Fight Against Tax Fraud. Although the bill focuses on overall tax fraud, it also includes cryptocurrencies. One of the first measures of the bill will be the limitation of cash payments to only 1,000 euros instead of the usual 2,500. This […]
2020-10-13 17:27 | |
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The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said.
2020-10-13 14:20 | |
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SEC’s next target, finally, is John McAfee. In just a week, the US Securities and Exchange Commission went after BitMEX, and the 74-year-old software magnate turned crypto bull. McAfee was reportedly nabbed in Spain today and is now facing extradition to the US over charges of fraud for promoting initial coin offering (ICO) and tax evasion, […] The post After Targeting BitMEX, SEC Takes On John McAfee, Who Made Over M From Fraudulent ICO Promotions first appeared on BitcoinExchangeGuide.
2020-10-6 17:28 | |
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A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam.
2020-9-7 02:45 | |
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The American pleaded guilty to deceiving 70,000 people who invested in his fraudulent cryptocurrency schemes. In total, he managed to get about $ 147 million from defrauded investors. According to the Department of Justice, US citizen Steve Chen pleaded guilty to conspiracy to fraud, as well as tax evasion. From July 2013 to September 2015, […]
2020-2-24 10:50 | |
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Gemcoin founder Steve Chen appeared in court and pleaded guilty to charges of conspiracy to commit wire fraud charges and tax evasion. He and other perpetrators duped some 70,000 unsuspecting individuals out of a cool $147 million to invest in USFIA.
2020-2-20 20:34 | |
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Steve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme.
2020-2-20 00:26 | |
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Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files.
2020-1-22 19:40 | |
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Two cryptocurrency fraudsters in Canada are asking the courts to give their stuff back claiming the order to seize their assets had been granted improperly. The court isn’t buying it, and has dismissed their appeal, local news reports.
2019-8-20 11:58 | |
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Outspoken crypto antagonist, Craig Wright, has been at it again lambasting other people and projects. Meanwhile, it has come to light that he has doctored documents in the past. Craig Wright Exposed For Tax Fraud A crypto Twitter user going by the handle ‘SeekingSatoshi’ has been delving into the past of computer scientist Craig Wright following his repeated claims to be bitcoin father Satoshi Nakamoto.
2019-7-31 16:30 | |
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A cybercriminal from Israel is facing a long list of felonies associated with the supposed theft of $1. 7 million (6. 1 million NIS) in various cryptocurrencies. The perp, 31-year old Eliyahu Gigi from Tel Aviv, reportedly stole Bitcoin, Ethereum, and Dash from various foreigners, including Belgians, Dutch, and Germans, Israeli news reports.
2019-7-18 11:18 | |
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A global sweep of cryptocurrency tax avoidance schemes is imminent, with the number of active lines of inquiry set to nearly double – or so says a coalition of money laundering investigators from the US, Australia, Britain, Canada, and the Netherlands J5, a team of five countries formed by the US Internal Revenue Service to fight cryptocurrency-powered crimes such as tax fraud, has 60 open investigations, but the Sydney Morning Herald reports it’s now considering additional 50.
2019-6-6 14:40 | |
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International tobacco company Philip Morris is considering applying blockchain to reduce tax stamps paperwork and fraud
2019-4-26 16:12 | |
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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.
2019-3-29 18:20 | |
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Donald Trump’s former attorney and “fixer” will give an explosive testimony before Congress today, calling the president a “racist,” a “conman” and a “cheat. ” The damning testimony, obtained in full by the New York Times, comes as a petition circles in Congress to impeach Donald Trump.
2019-2-28 17:53 | |
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U. S. presidential candidate John McAfee announced on Tuesday that he has fled the country. According to McAfee’s recent Twitter video he’s “living in exile” on a boat because he’s been charged with felonies handed down by the Internal Revenue Service (IRS).
2019-1-23 08:30 | |
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U. S. presidential candidate John McAfee announced on Tuesday that he has fled the country. According to McAfee’s recent Twitter video he’s “living in exile” on a boat because he’s been charged with felonies handed down by the Internal Revenue Service (IRS).
2019-1-23 08:30 | |
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Under a new legislation, Japanese cryptocurrency exchanges will be required to provide personal information on clients suspected of tax fraud.
2018-12-5 00:24 | |
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Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation. This year’s G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1.
2018-12-4 23:44 | |
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The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) invoices and potentially eliminate fakes.
2018-12-3 17:00 | |
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The tax authority in Thailand is testing a blockchain system that tracks value-added tax (VAT) payments and potentially eliminate fakes.
2018-12-3 17:00 | |
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The Hash War is over, Germany takes on tax fraud, Hong Kong and Gibraltar welcome new regulatory-compliant crypto businesses, and Overstock gets out of the retail business.
2018-11-26 19:06 | |
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BMWi has revealed that they are planning to use blockchain in their fight against tax fraud. The Federal Ministry for Economic Affairs and Energy, abbreviated BMWi, is a cabinet-level ministry of the Federal Republic of Germany.
2018-11-26 11:33 | |
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The Spanish Ministry of Finance will inspect the holdings and operations of 15,000 taxpayers as part of its efforts to prevent tax evasion and fraud.
2018-11-22 22:11 | |
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The Central Bank of The Bahamas (CBOB) has released a discussion paper proposing how it intends to regulate digital assets. This includes initial coin offerings as part of efforts to eliminate the alleged threat of tax evasion, fraud and money laundering.
2018-11-11 22:15 | |
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A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering.
2018-10-13 16:10 | |
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Scammers conned $50,000 out of regular Australians using a blatantly obvious fake tax debt fraud. Multiple victims have been lured into paying off non-existent debt through Bitcoin ATMs. A Time-Tested Scam Scammers have managed to con upwards of $50,000 from Australian citizens, luring them in to pay off a non-existent debt in a classic fraud.
2018-10-6 08:00 | |
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Tax evasion, money laundering, and terrorist funding schemes are all major categories of blockchain fraud. So how can legislation and technologies soon be used to stop crypto criminals? The post Blockchain Fraud: New Policies and Technologies to Stop Crypto Criminals appeared first on CoinCentral.
2018-9-6 17:08 | |
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President of the United States of America, Donald Trump, is alleged to have established an executive order with the US Department of Justice (DOJ) to ensure that cryptocurrency related crime falls as part of a special consumer protection entity within the DOJ.
2018-7-12 14:00 | |
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A new taskforce involving five countries’ taxation regulators was announced on Monday, July 5. The announcement by the Inland Revenue Service (USA) will aim to increase cooperation between the United States of America, the Netherlands, Australia, Canada, and the United Kingdom in order to combat crimes committed using cryptocurrencies, specifically tax evasion.
2018-7-9 14:59 | |
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In a bid to fight the threat of cryptocurrency tax crime, the United States Internal Revenue Service (IRS) has joined with tax authorities from Australia, Canada, the Netherlands and the United Kingdom to form the Joint Chiefs of Global Tax Enforcement (J5), according to a press release.
2018-7-4 23:36 | |
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The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.
2018-7-3 23:28 | |
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We’re close to the 10-year anniversary of the creation of Bitcoin and few would argue that cryptocurrencies and distributed ledger technology haven’t played a big role in challenging the status quo of the financial marketplace.
2018-7-1 23:00 | |
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Cryptocurrency has brought about uncertainty for investors for both investors and lawmakers. A significant point of contention is whether investors are obligated to pay taxes on their cryptocurrency transactions.
2018-6-30 06:10 | |
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The Internal Revenue Service (IRS) is stepping up its investigations into cryptocurrency-related tax fraud and unreported taxable gains. Clearer laws and guidelines are expected in the near future and could open the door to litigation and penalties against those who fail to cooperate.
2018-6-29 03:00 | |
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The tech, often considered a ‘magic wand’ for European businesses raising funds, is hindered by rigid regulation
The crypto space must remain free of hype and maintain its focus on informed decision-making
The US Securities and Exchange Commission (SEC) is reportedly considering whether XRP qualifies as a commodity rather than a security in its ongoing settlement negotiations with Ripple. According to journalist Charles Gasparino, the SEC is weighing similarities between XRP and Ethereum (ETH).
Reclassifying XRP as a commodity could reshape regulatory frameworks, influencing future crypto asset classifications and market dynamics. The post SEC considers classifying XRP as commodity in settlement talks with Ripple appeared first on Crypto Briefing.
The denial highlights ongoing tensions in the crypto industry and potential political influences affecting its global perception. The post CZ denies WSJ’s report of Trump-Binance deal talks, calls it an ‘attack on Trump and crypto’ appeared first on Crypto Briefing.
The move signals growing institutional interest in diversifying crypto investment options, potentially boosting XRP's market legitimacy. The post Cboe files 19b-4 form for XRP spot ETF from Franklin Templeton appeared first on Crypto Briefing.
Ripple's DFSA approval signals a significant shift towards regulatory acceptance, potentially accelerating blockchain adoption in global finance. The post Ripple taps into $40B UAE payments market with DFSA approval appeared first on Crypto Briefing.