First Tax Evasion Conviction In The U.S. For Bitcoin: Two Years In Prison \ stacker news ~Politics_And

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First Tax Evasion Conviction In The U.S. For Bitcoin: Two Years In Prison atlas21.com/first-tax-evasion-conviction-in-the-u-s-for-bitcoin-two-years-in-prison/

641 sats \ 31 comments \ @0xbitcoiner 13 Dec Politics_And_Law

An investor from Austin, Texas, has been sentenced to two years in prison for deliberately underreporting capital gains from the sale of $3.7 million worth of Bitcoin. This case marks the first criminal conviction in the U.S. for tax evasion exclusively related to cryptocurrencies.

Frank Richard Ahlgren III, an early investor in the cryptocurrency market, filed false tax returns between 2017 and 2019. According to court documents, Ahlgren had purchased 1,366 bitcoins on Coinbase in 2015, later selling 640 in October 2017 and using the proceeds to purchase a home in Park City, Utah.

...read more at atlas21.com

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43 sats \ 21 replies \ @ek 13 Dec

I wonder how tax evasion is viewed by inmates

173 sats \ 1 reply \ @StillStackinAfterAllTheseYears 13 Dec

My understanding of the US prison system is that nonviolent "criminals" tend to be put with each other, so he'll likely be in a minimum security prison with other tax evaders or embezzlers.

(I'm guessing @siggy47 would have a lot more insight here.)

21 sats \ 0 replies \ @siggy47 13 Dec

No doubt about it. One of those "club feds" like Otisville. Tennis courts and swimming pools😀

21 sats \ 11 replies \ @Satosora 13 Dec

Is it like a show and tell? Do they tell each other their crimes? I have never been in prison so l dont know....

20 sats \ 10 replies \ @ek 13 Dec

I would think so. I also heard stories of some knowing they won't survive prison if inmates find out what they did. Criminals also have lines they don't cross.

I also think if you don't tell them your crime, they'll just assume the worst or have other ways to find out.

281 sats \ 9 replies \ @Satosora 13 Dec

I have heard that about guys who have harmed kids. But to tell you the truth, most of what I know about prison is from TV.

25 sats \ 4 replies \ @ek 13 Dec

Most of my knowledge is from Darknet Diaries, lol

I think the Gollumfun episodes mentioned some details about prison life but not sure

28 sats \ 3 replies \ @Satosora 13 Dec

I heard prison food is very bad. But you wonder how all the guys seem to get buff in prison?

20 sats \ 2 replies \ @ek 13 Dec

there's not much else to do in prison I guess

29 sats \ 1 reply \ @Satosora 13 Dec

I guess that is true. But that Ross guy seems to be able to get internet? I thought most of the inmates were able to get educated if they wanted?

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20 sats \ 3 replies \ @ek 13 Dec

whoops

11 sats \ 2 replies \ @Satosora 13 Dec

do you want it back? lol

20 sats \ 1 reply \ @ek 13 Dec

nah, pay it forward

but don't get scammed again lol

0 sats \ 0 replies \ @Satosora 13 Dec

haha I am more careful now.

reply on another page

14 sats \ 2 replies \ @DawnoftheDead 13 Dec

You would not be off to a good start i think. But character matters more than your conviction in the end

0 sats \ 1 reply \ @ek 13 Dec

Why not? I expected they would high five you. Don't think inmates like funding the state that imprisoned them.

64 sats \ 0 replies \ @DawnoftheDead 13 Dec

It might be viewed as anti social

41 sats \ 0 replies \ @0xbitcoiner OP 13 Dec

not bitcoiners

12 sats \ 1 reply \ @0xbitcoiner OP 13 Dec

what !?

inmate noun [ C ] uk /ˈɪn.meɪt/ us /ˈɪn.meɪt/

a person who is kept in a prison or a hospital for people who are mentally ill

https://dictionary.cambridge.org/dictionary/english/inmate

23 sats \ 0 replies \ @StillStackinAfterAllTheseYears 13 Dec

If you scroll down, you'll see the definition that @ek was using, which is for prisoners.

0 sats \ 0 replies \ @stack_harder 13 Dec

he'll be in a camp playing tennis every day and getting blown by chomos

143 sats \ 0 replies \ @alt 13 Dec

Absolutely disgusting behaviour, they really shouldn't get away with it.

Imprisoning someone for not giving up their own money, it's tyrranical.

11 sats \ 0 replies \ @iguano 14 Dec

So the guy sold 640 bitcoin worth of 3.7 millions dollars ON COINBASE and try evade? lol

I can't imagine how many people do these things so directly without having any consequences.

11 sats \ 0 replies \ @cleaningup12 13 Dec

You know when Andy Dufrane goes into Shawshank, he ends up doing all the guards accountancy

Wonder if this guy orange pills all the guards and sets them up on multi sig

110 sats \ 1 reply \ @itsrealfake 14 Dec

if he had just not filed taxes, then he wouldn't have had to lie about his taxes

15 sats \ 0 replies \ @Undergotten 14 Dec

That's what I was thinking. Why file at all if you were just going to lie? Seems like compounding the problem. Could have just claimed ignorance or something and paid the bill, now he's locked up. IRS are gangsters.

11 sats \ 0 replies \ @stack_harder 13 Dec

anyone with a III in their name probably has their own filter in the tax surveillance software

11 sats \ 0 replies \ @kruw 13 Dec

THIS IS WAR AGAINST BITCOIN! Here are the names of the government perpetrators:

"Assistant Chief Michael C. Boteler and Trial Attorney Mary Frances Richardson of the Tax Division and Assistant U.S. Attorney William R. Harris for the Western District of Texas are prosecuting the case."

"Acting Special Agent in Charge Lucy Tan of IRS-Criminal Investigation (IRS-CI)’s Houston Field Office."

"U.S. District Court Judge Robert Pitman for the Western District of Texas ordered Ahlgren to serve one year of supervised release and to pay $1,095,031 in restitution to the United States."

Bitcoiners: Use whatever means necessary to punish these villains so they are never tempted to steal another satoshi.

11 sats \ 0 replies \ @guts 13 Dec

At least is not 109 years like Roger Ver

0 sats \ 0 replies \ @gregtonoski 14 Dec

"Indeed, in May 2014, Ahlgren had blogged about his knowledge of mixers as ways to add anonymity to bitcoin transactions." It suggests he should have blogged about a boating accident instead.