MicroStrategy, Michael Saylor settle with DC AG for $40M in income tax fraud case

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Michael Saylor and MicroStrategy will pay $40 million to resolve a tax fraud case with the Washington DC Attorney General’s office.

AG Brian Schwalb posted about the resolution in a series of X posts.

The case marks the “largest income tax fraud recovery” in DC history, Schwalb said.

“Saylor illegally pretended to live in lower-tax jurisdictions to avoid paying taxes on hundreds of millions of dollars of income — all while living in a 7,000 square foot Georgetown penthouse and docking multiple yachts at Washington Harbour,” Schwalb added.

According to court documents, MicroStrategy and Saylor will pay a total of $40 million to resolve the case.