Court dismisses charges for tax fraud against Microstrategy from Michael Saylor

Court dismisses charges for tax fraud against Microstrategy from Michael Saylor

The Supreme Court of the District of Columbia dismissed a civil lawsuit against the American business intelligence company Microstrategy, in which the company had helped its co-founder Michael Saylor to avoid income tax payments.

according to a current Submission Saylor and Microstrategy submitted an application to dismiss the lawsuit in October, and the court gave the application on February 28th.

court points civil action against microstrategy from

remember that the Washington District of Columbia in August has sued its Saylor General Prosecutor's Office for the background of income taxes for more than ten years and Microstrategy for supporting Bitcoin advocacy.

cryptopotato reported the case that was the first under the False CLAIMS act that was just changed, payments of up to $ 25 million in income taxes owed and unexpected amounts to triple compensation, civil punishment and other relief.

Saylor was accused of having claimed to live in Florida - a state without income taxes - but to be living in DC. The complaint said that he had secured a driver's license and registered in Florida to vote in order to pretend to be residents. In the meantime, the former CEO kept its DC residence for at least 183 days in tax years.

The listed company was accused of knowing and helping him to support Saylor's false claims as a resident of Florida.

Saylor will be sent to court next week

After the lawsuit had been submitted, Saylor and his company submitted an application to request that the court reject both lawsuits against them. The court has now decided to drop the charges against Microstrategy.

The court also found that the charges against Saylor were not rejected and the former CEO is to be brought to trial on March 10th.

"The court did not dismiss complaint against Mr. Saylor, the claim that Mr. Saylor had failed to pay personal income taxes, interest and due punishments. A status conference in this case is planned for March 10, 2023. The final result of this matter is currently not determined," says the file.

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