An Ohio man filed a lawsuit against the IRS for disallowing a $130,000 refund stemming from losses he claims resulted from being a victim of a “pig butchering” crypto scam.
Shane Vaia filed a lawsuit Tuesday in the US District Court for the Southern District of Ohio, alleging that he was entitled to a theft loss deduction of over $800,000 and therefore overpaid his 2024 taxes by more than $130,000. Vaia filed an amended tax return in 2025 that claimed deductible losses as a result of the scam, however the IRS disallowed his refund claim.
The IRS declined to comment, ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.