Description
The DOJ charged Ahlgren for underreporting the capital gains on a $4 million legal sale of bitcoin. This is the prosecutors' first public indictment of an individual who underreported capital gains.
Legal Significance
This case indicates that authorities have opened the floodgates for more criminal cases that deal purely with undisclosed gains on legitimate cryptocurrency transactions.
Issues
Status
Complaint Filed
Case No.
1:24-cr-00031
Date Filed
February 6, 2024
Plaintiff
United States of America
Defendant
Frank Richard Ahlgren III
Court
USDC Western District of Texas Austin Division
Plaintiff Counsel
Michael C. BotelerWilliam R. HarrisMary Frances Betty Richardson
Defendant Counsel
Weisberg Kainen Mark PLGray Reed & McGraw LLP
Major Filings
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