An ancient Bitcoin investor is going to spend the next two years in prison after underreporting his BTC gains, according to the U.S. Department of Justice (DOJ). In a new press release, the DOJ says that Frank Richard Ahlgren III of Austin, Texas failed to accurately report the capital gains he earned after selling $3.7 […]
The post Early-Era US Bitcoin Investor Sentenced to Two Years in Prison for Underreporting Gains From BTC Sales appeared first on The Daily Hodl.
A Texas Bitcoin investor faces two years in prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent.
An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains, in a case involving about $4 million worth of cryptocurrencies.
According to the United States Department of Justice (DOJ), Texas-based Bitcoin (BTC) investor Frank Richard Ahlgren III “falsely underreported the (realized) capital gains” earned from selling Bitcoin worth $3.7 million between 2017 and 2019. The DOJ said in a Dec. 12 report:
Ahlgren has invested in Bitcoin since 2011. He purchased 1,366 BTC on the crypto exchange Coinbase in 2015 when Bitcoin was trading under $500. He sold about 640 BTC in October 2017 at an average market price of $5,807.53 and reinvested the $3.7 million in real estate.
The Department of Justice (DOJ) recently unsealed charges against five alleged scammers for running a crypto phishing scam that cost victims millions of dollars. According to a new press release from the U.S. Attorney’s Office, Central District of California, Tyler Buchanan of the UK and four other American defendants are being charged with charges ranging […]
The post Five Alleged Scammers Federally Charged With Running Crypto Phishing Scheme by DOJ appeared first on The Daily Hodl.
A Russian ransomware kingpin extradited from South Korea to the U.S. faces charges for orchestrating the $16 million Phobos malware targeting global critical infrastructure. Justice Catches Up: The Fall of a Ransomware Kingpin The U.S. Department of Justice (DOJ) announced Monday that Evgenii Ptitsyn, a 42-year-old Russian national, has been extradited from South Korea to […]
A man who laundered millions of dollars worth of Bitcoin (BTC) has been sentenced to three years in prison after assisting authorities with another high-profile crypto laundering case. According to a new report by Bloomberg, Larry Harmon – who pleaded guilty to running a crypto mixing service on the dark web in 2021 – has […]
The post BTC Launderer Given ‘Lenient’ Three-Year Prison Sentence for Assisting With Bitcoin Fog Case: Report appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) announced Tuesday that Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to conspiracy to commit money laundering, admitting to laundering over $73 million from cryptocurrency investment scams. Li, 41, operated through a network of shell companies, international bank accounts, and cryptocurrency, specifically […]
The notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison. According to a new press release by the U.S. Department of Justice (DOJ), Ilya Lichtenstein – who hacked Bitfinex in 2016 and fraudulently sent 119,754 Bitcoin (BTC) to a wallet under his control – […]
The post Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison appeared first on The Daily Hodl.
The Federal Bureau of Investigation has reportedly executed a search warrant on the home of Shayne Coplan, the CEO of decentralized predictions-betting platform Polymarket. Citing a source who requested anonymity, Bloomberg reports that the FBI seized Coplan’s phone and electronics during the raid, which happened just as the US Justice Department (DOJ) investigates Polymarket for […]
The post FBI Raids Polymarket CEO’s Home As DOJ Probes the Decentralized Betting Platform: Report appeared first on The Daily Hodl.
A Bloomberg report suggests that the prediction market Polymarket has caught the eye of the U.S. Department of Justice (DOJ), potentially facing a probe. ‘In the Face of Adversity, We Build’: Polymarket Responds to Scrutiny From Federal Authorities After an FBI raid on Polymarket CEO Shayne Coplan’s residence, Bloomberg reports that the DOJ has initiated […]
Bitfog founder Roman Sterlingov has been sentenced to 12.5 years in prison and forced to “pay a forfeiture money judgment” of around $395.5 million.
Roman Sterlingov, the founder of the darknet’s oldest cryptocurrency mixer “Bitcoin Fog” has been sentenced to 12.5 years in prison as part of the United States government's broader crackdown on crypto mixers.
It falls short of prosecutors’ earlier petitions for a 20- to 30-year sentence for Sterlingov following his March conviction by a jury on charges of money laundering, conspiracy to launder money, operating an unlicensed money-transmitting business, and transmitting money without a license.
The United States Department of Justice (DOJ) declared in a Nov. 8 statement that throughout the “decade-long operation, Bitcoin Fog gained notoriety as a go-to money laundering service for criminals.”
