of fraud from the United States Securities and Exchange Commission (SEC) back in 2000, after the company was alleged to have doctored its numbers and falsely reported profits despite losing money. At the current price of just under $20,000 per coin, MicroStrategy has spent a total of $4 billion on Bitcoin, leaving the companys war chest with a value of around $2.6 billion. NFT Sales Fell 13% To $732M In April Will May Bring Back An Uptrend? The District suit alleges that Saylor effectively forged a devils pact with MicroStrategy to perpetuate the fraud. In 2012, he bought a house in Miami Beach, got a Florida drivers license and registered to vote there. But even then, Saylor logged 70 more days in DC than Florida, meaning he owed taxes in the district that year, too. District of Columbia Attorney General Karl Racine accused MicroStrategy co-founder and Executive Chairman Michael Saylor of evading $25 million in district taxes The size of the land lot is 80,600 sqft. MicroStrategy is headquartered in Tysons Corner, Virginia, a Washington suburb. Washingtonpost.com So far, the revelations in the action havent dented the flagship cryptocurrencys price. Michael Saylor People who live in Washington, DC for at least 183 days are classified as residents and required to file income tax returns and pay any money due. Although MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life.. The District of Columbia's claims against the Company are false and we will defend aggressively against this overreach.". Michael Saylor's early journey. He proudly posts pictures of his Georgetown pleasure dome in the final phases of combining the surrounding units into opulent Trigate in them on Facebook. Could Disney move out of Florida? Michael Saylor Saylor Yacht Washington, D.C., Attorney General Karl Racine said Saylor has resided in the nations capital for over a decade but has never paid any income taxes, claiming Saylor legally owes tax payments on hundreds of millions of dollars of income. So why is it defying gravity? Michael Saylor Between unpaid taxes and penalties, Racine estimates that Saylor and MicroStrategy could be on the hook for more than $100 million.
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