MicroStrategy is also being sued — and local officials say the total amount of funds they're seeking to recover could exceed $100 million 👀
Michael Saylor is being sued for tax fraud in Washington DC — amid allegations he's lived there for a decade but has never paid income tax.
The Attorney General is seeking to recover "tens of millions of dollars" in unpaid income taxes and penalties — and this is the first lawsuit brought under a new law that allows whistleblowers who report tax fraud to collect up to 30% of any funds that are retrieved. It's claimed an "elaborate scheme" created the illusion that he lived in Florida — which doesn't have personal income tax — even though he lived in the DC.
"The whistleblowers' complaint also alleges that Saylor openly bragged to friends and acquaintances about evading DC taxes and encouraged others to follow his example."
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