MicroStrategy, Saylor to Pay $40 Million in Tax Fraud Pact (1)

MicroStrategy Inc. and its co-founder and Chairman Michael Saylor will pay $40 million to resolve a tax fraud lawsuit.

The Washington, DC, attorney general’s office sued Saylor in August 2022, alleging the crypto billionaire had failed to pay more than $25 million in income taxes. The lawsuit alleged that Saylor had knowingly avoided paying taxes despite living in Washington for more than a decade. At the time, Saylor denied the allegations, saying that he lived in Florida.

Read: MicroStrategy’s Saylor Must Face DC Tax Suit, Judge Rules

“This precedent-setting settlement makes clear that no one in the District of ...