Texas Man Sentenced for Underreporting $3.7 Million in Bitcoin Gains
A Texas resident, Frank Richard Ahlgren III, has been sentenced to two years in federal prison for filing false tax returns that misrepresented his $3.7 million Bitcoin profits. This case marks the first criminal tax evasion prosecution in the U.S. centered solely on cryptocurrency, underscoring the government’s intensified scrutiny of crypto-related tax compliance. A Landmark …
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